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In May 1911, the American Bankers Association released the codes. [5] The numerical committee was W. G. Schroeder, C. R. McKay, and J. A. Walker. [6] The publisher of the new directory was Rand-McNally and Company. [7] The ABA clearing house codes are like the sub-headings in a decimal outline.
Following after the bank code, a 4-digit number branch code identifier. For a list of Swiss bank codes, see Bank clearing number. Ukraine has 6 digit bank codes. Account number does not include bank code. List of bank codes is available at the site of the National Bank of Ukraine. [2] The UK has a 6-digit sort code.
A Universal Payment Identification Code (UPIC) is an identifier (or banking address) for a bank account in the United States used to receive electronic credit payments. [1] A UPIC acts exactly like a US bank account number and protects sensitive banking information.
The CNAPS code is a code used in China's domestic payment system for the yuan (CNY). It is developed by the People's Bank of China to simplify fund transfers and clearing between banks within the country.
Chase Paymentech is an American payment service provider and merchant acquiring business that is part of JPMorgan Chase. Paymentech payment platforms supports businesses to process payments. Paymentech payment platforms supports businesses to process payments.
The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value wire transfer transactions. [ 1 ] As of late 2024, it settles approximately 500,000 payments totaling US$1.8 trillion per day. [ 2 ]
These codes are used in the British clearing system and historically in the Irish system. The sort code is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank (in the first digit or the first two digits) and the branch where the account is held. [1]
Instead of transmitting financial data over the internet, the transaction used a token placeholder that was then converted by the financial institution to initiate the Automated Clearing House (ACH), gift card, private label charge card or other type of payment and charge the consumer. [4]