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What is Automated Clearing House (ACH)?

Automated Clearing House (ACH) is a network for financial transactions in the US. As a batch processing system, ACH transactions are collected by financial institutions and sorted based on destination rather than being processed individually. This creates economies of scale for transactions and processing faster than for checks as the system is electronically driven. 

最後更新:2017-05-22 21:32:49

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