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  2. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    The ordering customer makes a transaction initiation, which can be either manually or by sending a file of initiation requests to a bank. The bank gathers all transaction initiations for an ACH that arrive from different customers (combining manual and file-based).

  3. ACH Network - Wikipedia

    en.wikipedia.org/wiki/ACH_Network

    Waiting for a timeout for two business days is an antiquated feature of ACH that lingers on from the 1960s when the ACH system was designed and implemented. It is not as quick as real-time payment networks. Consequently, ACH debit or credit transactions can take four working days to complete.

  4. Electronic Payments Network - Wikipedia

    en.wikipedia.org/wiki/Electronic_Payments_Network

    The Electronic Payments Network (EPN) is an electronic clearing house that provides functions similar to those provided by Federal Reserve banks' FedACH service. The Electronic Payments Network is the only private-sector operator in the ACH Network in the United States. [1]

  5. FedACH - Wikipedia

    en.wikipedia.org/wiki/FedACH

    FedACH is the Federal Reserve Banks' automated clearing house (ACH) service. In 2007, FedACH processed about 37 million transactions per day with an average aggregate value of about $58 billion. For comparison, Fedwire processed about 537,000 transactions valued at nearly $2.7 trillion per day in the same year. [1]

  6. ECSI Student Loan Review: What to Know About This Servicer - AOL

    www.aol.com/finance/ecsi-student-loan-review...

    Payments are accepted online via ACH and credit/debit cards. ... (including a hyphen). A sample account number is 01122-12345678912.” ... Customer service and general questions Signing into your ...

  7. Payments as a service - Wikipedia

    en.wikipedia.org/wiki/Payments_as_a_Service

    Payments as a service (PaaS) is a marketing phrase used to describe software as a service to connect a group of international payment systems.The architecture is represented by a layer – or overlay – that resides on top of these disparate systems and provides for two-way communications between the payment system and the PaaS.

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