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Agent 488 · 09-04-2010, 08:39 PM

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States.

http://en.wikipedia.org/wiki/Automated_Clearing_House

the Federal Reserve Banks are collectively the nation's largest automated clearinghouse operator and in 2005 processed 60% of commercial interbank ACH transactions. The Electronic Payments Network (EPN), the only private sector ACH operator in the U.S., processed the remaining 40%.

09-04-2010, 08:39 PM
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. http://en.wikipedia.org/wiki/Automated_Clearing_House the Federal Reserve Banks are collectively the nation's largest automated clearinghouse operator and in 2005 processed 60% of commercial interbank ACH transactions. The Electronic Payments Network (EPN), the only private sector ACH operator in the U.S., processed the remaining 40%.