ACH (Automated Clearing House)
A batch processing system for electronic deposits and payments.
Detailed Description
ACH (Automated Clearing House)
What types of payments can be made using ACH?
ACH can facilitate direct deposits, bill payments, and e-commerce transactions.
How does ACH compare to credit card transactions?
ACH transactions typically have lower fees compared to credit card transactions.
What is the role of NACHA in ACH transactions?
NACHA establishes the rules and standards for ACH transactions.
What security measures are in place for ACH transactions?
ACH employs encryption, authentication, and monitoring to protect against fraud.
How long does it take for ACH transactions to process?
ACH transactions usually take one to two business days to process.