Definitions for automated clearing house
au·to·mat·ed clear·ing house

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1. automated clearing housenoun

   A nationwide electronic funds transfer system that provides for inter-bank clearing of electronic payments, such as credit card transactions. An ACH transaction is an electronic fund transfer through the Federal Reserve Bank from a checking or savings account.

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1. Automated Clearing House

   Automated Clearing House is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit payroll and vendor payments. ACH direct debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills. Debit transfers also include new applications such as the point-of-purchase check conversion pilot program sponsored by NACHA – The Electronic Payments Association. Both the government and the commercial sectors use ACH payments. Businesses increasingly use ACH online to have customers pay, rather than via credit or debit cards. Rules and regulations that govern the ACH network are established by NACHA and the Federal Reserve. In 2012, this network processed an estimated 21 billion ACH transactions with a total value of $36.9 trillion. Credit card payments are handled by separate networks. The Federal Reserve Banks are collectively the nation's largest automated clearing house operator, and in 2005 processed 60% of commercial interbank ACH transactions. The Electronic Payments Network, the only private-sector ACH operator in the U.S., processed the remaining 40%. FedACH is the Federal Reserve's centralized application software used to process ACH transactions. EPN and the Reserve Banks rely on each other for the processing of some transactions when either party to the transaction is not their customer. These interoperator transactions are settled by the Reserve Banks.

How to pronounce automated clearing house?

1. Alex

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   British

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How to say automated clearing house in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of automated clearing house in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of automated clearing house in Pythagorean Numerology is: 3

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Automated_Clearing_House
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=automated clearing house