Automated Clearing House
From Open Risk Manual
Revision as of 23:21, 10 February 2020 by Wiki admin (talk | contribs)
Definition
Automated Clearing House. (ACH) It is a network capable of handling and processing digital payments in significant volume. Most nations have at least one ACH which provides a fully automated way of collecting and settling payments. The ACH provides a secure digital network to allow banks and financial institutions exchange of information.
