Meaning ACH NETWORK
What does ACH NETWORK mean? Here you find 4 meanings of the word ACH NETWORK. You can also add a definition of ACH NETWORK yourself
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ACH NETWORKThe ACH network was established in the 1970s to facilitate direct deposit of military payroll and other federal payments. The network is made up of four central clearing facilities. In addition to three private sector facilities, the Federal Reserve became a central clearing house under the Monetary Control Act of 1980. The Monetary Control Act req [..]
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ACH NETWORKThe funds transfer system governed by the rules of NACHA which provides for the inter-financial institution clearing of electronic entries for participating financial institutions.
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ACH NETWORKFunds transfer system governed by the rules of the National Automated Clearing House Association, which provides for the interbank clearing of electronic entries for participating financial institutio [..]
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ACH NETWORKSee the entry for "Automated Clearing House (ACH) Network"
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| << ACH DEBIT | ACH OPERATOR >> |
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