automated clearing house (ACH)

What is automated clearing house (ACH)?

automated clearing house (ACH) definition and meaning on Finance terms:
An electronic clearing system in which payment orders are exchanged among participants (primarily via electronic media) and handled by a data-processing centre. See also
clearing
clearing house<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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