The Automated Clearing House: What it Is, what it Does, how it Functions |
Contents
The First Two Paperless Payments Systems | 4 |
National Automated Clearing House Association NACHA | 12 |
ACH Operations | 16 |
6 other sections not shown
Common terms and phrases
accept Addenda Record adjustment agreement amount Angeles arrangements Association Atlanta Atlanta Payments Project authorization Automated Clearing House banking day batch bill Bill-Check California SCOPE checks Code collection Committee consumer contains COPE costs credit entries customer's Data Element debit entry demand Destination direct deposit Directors distribution District documentation electronic employee Entry Detail error Exhibit Federal Reserve Bank Federal Reserve offices Field flow format funds transfer Government handled identification initiate institutions Inter-Regional Exchange magnetic tape NACHA operating optional originating bank Paperless Entries paperless payments participating banks Paying Bank payments systems payroll Positions preauthorized prepared present procedures processing proposed Receiving Bank Record Rejects Report Routing rules San Francisco schedules SCOPE SCOPE system sent Service settlement standards Task Force terminal territory Trace Number transaction Transmission transmitted volumes