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2. Automated clearing house - Wikipedia

   en.wikipedia.org/wiki/Automated_Clearing_House

   Banking. An automated clearing house (ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. [2][3] The ACH system is designed to process batches of payments containing numerous ...

3. ACH Network - Wikipedia

   en.wikipedia.org/wiki/ACH_Network

   Portal. v. t. e. In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers established in the 1960s and 1970s. It processes financial transactions for consumers, businesses, and federal, state, and local governments. ACH processes large volumes of credit and debit transactions in batches.

4. Check 21 Act - Wikipedia

   en.wikipedia.org/wiki/Check_21_Act

   The Check Clearing for the 21st Century Act (or Check 21 Act) is a United States federal law, Pub. L. 108–100 (text) (PDF), that was enacted on October 28, 2003 by the 108th U.S. Congress. The Check 21 Act took effect one year later on October 28, 2004. The law allows the recipient of a paper check to create a digital version of the original ...

5. FedNow vs. ACH: How they differ - AOL

   www.aol.com/finance/fednow-vs-ach-differ...

   Today, ACH is the dominant payments system in the U.S. According to the National Automated Clearing House Association (NACHA), 88 percent of W-2 employees receive their paychecks via direct deposit.

6. Wells Fargo is No. 1 Originator of ACH Electronic Payments - AOL

   www.aol.com/news/2013-04-11-wells-fargo-is-no-1...

   As reported by NACHA, total ACH payment volume in 2012 grew to more than 21 billion transactions, up 4.19 percent from 2011. A total of $36.9 trillion was transferred over the ACH Network, an ...

7. Originating Depository Financial Institution - Wikipedia

   en.wikipedia.org/wiki/Originating_Depository...

   Originating Depository Financial Institution or ODFI is a banking term in the United States used in connection with ACH Network (ACH). In the ACH flow, the ODFI acts as the interface between the Federal Reserve or ACH network and the originator of the transaction. The ODFI warrants to the ACH network that the transactions it transmits to the ...

8. ACH vs. ETF: Speed, Security & Scammers - AOL

   www.aol.com/ach-vs-etf-speed-security-140018340.html

   Automated Clearing House (ACH) and Electronic Funds Transfers (EFTs) are both terms used to describe the way money moves digitally. An ACH is a specialized form of EFT, meaning that all ACHs are ...

9. The Clearing House Payments Company - Wikipedia

   en.wikipedia.org/wiki/The_Clearing_House...

   The Clearing House Interbank Payments System (CHIPS) is a bank owned automated funds-transfer system for domestic and international high value payment transactions in U.S. dollars. It is a real-time final settlement payment system that continuously matches, off-sets and settles payments among international and domestic banks.