ACH

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Related to Automated Clearing House: ODFI, NACHA

ACH

(Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to vendors. The ACH is separate and distinct from the various bank card networks that process credit card transactions. ACH operations are done in a batch mode, which can take up to 72 hours before the money is actually transmitted. A return notification is sent if there are insufficient funds in the account.
References in periodicals archive ?
Direct deposit involves programs through which checks are electronically credited to individual bank accounts via the Automated Clearing House network.
NorCACHA is a North Carolina trade association which, through its membership in the National Automated Clearing House Association, helps form the cooperative foundation for the automated clearing house (ACH) payments system.
Woytisek of North Carolina Automated Clearing House Association, Inc.
NACHA is a trade association which forms the cooperative foundation for the automated clearing house (ACH) payments system through a network of 42 ACH associations nationwide.
CONTACT: Steven Bruce, 212-371-5999, for NACHA; or Stephen Lewis of NACHA, 703-742-9190/ CO: National Automated Clearing House Association ST: Virginia, Georgia IN: SU:
Forward HSA contributions deducted from employee's payroll electronically to Principal Bank using the Automated Clearing House (ACH).
With the addition of services provided by USFS, HIMC Corporation expects to offer a full range of transaction services from credit and debit card processing through the Internet, Automated Clearing House (ACH) electronic funds transfers, check conversion, recurring payments, returned check collection and bank drafting to check 21 applications.
a leading technology provider of Automated Clearing House (ACH), credit card and debit card transaction processing and risk management services, today announced that its Vice President of Marketing, Deborah Matthews, AAP, has been awarded a scholarship to NACHA's Payments Institute.
a leading technology provider of Automated Clearing House (ACH), credit card and debit card transaction processing and risk management services, today announced that Deborah Matthews, AAP, Vice President of Marketing, will be a featured speaker at NACHA's PAYMENTS 2006 Conference to be held May 7-10, 2006 at the San Diego Convention Center.
Metavante delivers a comprehensive suite of financial technology and payments solutions to American Savings Bank including: financial account processing, debit card and automated clearing house processing, ATM driving, merchant services, trust solutions, consumer Internet bill pay, business and consumer Internet banking, data warehousing, branch automation, card personalization and fulfillment, customer relationship management and marketing solutions, and risk management services.

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