The automated clearinghouse network is also known as ACH. The ACH network is a highly reliable and efficient nationwide batch oriented electronic funds transfer system.
ACH is governed by operating rules of NACHA which provide guidance for interbank clearing of electronic payments for participating depository financial institutions.
The ACH network has been in service for over 40 years. It is one of the most reliable payment processing systems in the world.
ACH payments are used for direct deposit of payroll, Social Security and other government benefits, tax refunds, payment of consumer bills, business-to-business payments, electronic checks, e-commerce payments, and for wide range of applications for electronic funds transfer.
There are four parts of the ACH network.
For more information on ACH processing, contact firstname.lastname@example.org