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Automated clearing house
| Part of a series on financial services |
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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 transactions, and it charges fees low enough to encourage its use for low-value payments.
- ^ Dr. B.S. Sawant. "Technological Developments in Indian Banking Sector". www.researchgate.net. Retrieved 20 November 2018.
- ^ European Central Bank. "Payments and markets glossary". www.bankingsupervision.europa.eu. Retrieved 19 November 2018.
- ^ European Central Bank. "Glossary of Terms Related to Payment, Clearing and Settlement Systems" (PDF). www.ecb.europa.eu. Retrieved 19 November 2018.
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