ACH Network definition

ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.

ACH Network means the funds transfer system (network) governed by the Operating Rules providing for the inter-financial institution clearing of electronic entries for participating financial institutions.

ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions. "Transaction Account" is a transaction account (checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information) from which your payments as a Sender will be debited, any Service fees will be automatically debited, or to which payments and credits to you will be credited. "Transfer Instruction" is the information provided by the Sender to the Service for a transfer or payment to be made to a Receiver (name, mobile telephone number, email address, and financial institution account and routing number information, etc.).

Examples of ACH Network in a sentence

• For any RCK, ARC, BOC, WEB, or TEL Entries originated, Merchant certifies its compliance with all warranties made by a Party pertaining to such Entries exchanged through the ACH Network.

• Financial Institution will transmit debit and/or credit Entries initiated by American Payments Solutions LLC on behalf of Sub-Merchants to the ACH Network as provided in the Rules and this Agreement.

• American Payments Solutions LLC shall notify Sub-Merchant of such rejection no later than the Business Day such Entry would otherwise have been transmitted by American Payments Solutions LLC to the ACH Network or, in the case of an on-us Entry, its Effective Entry Date.

• The Merchant understands that, due to the nature of the ACH and the electronic networks utilized for the movement of funds and the fact that not all banks belong to the ACH Network, payment to the Merchant can be delayed.

• However, American Payments Solutions LLC shall use reasonable efforts to act on a request by Sub- Merchant to cancel an Entry/File before transmitting it to the ACH Network or processing it as an on-us Entry.

More Definitions of ACH Network

ACH Network means the funds transfer system governed by the NACHA Rules that provides funds transfer services to participating financial institutions.

ACH Network means the funds transfer system, governed by the National Automated Clearing House Association Rules, that provides funds transfer services to participating financial institutions. "Affiliates" are companies related by common ownership or control. "Business Day" is every Monday through Friday, excluding Federal Reserve holidays or other days that banks are legally closed.

ACH Network or “Automated Clearing House Network” is a batch processing, store- and-forward system that accumulates and distributes ACH Transactions that are received from ODFI (defined below) and are forwarded to the specified RDFI (defined below) according to the specific schedules established by the participants.

ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions. "Affiliates" are companies related by common ownership or control. "Business Day" is every Monday through Friday, excluding Federal Reserve holidays or other days that banks are legally closed. "Eligible Transaction Account" is a transaction account from which your payments will be debited, your Service fees, if any, will be automatically debited, or to which payments and credits to you will be credited, that is eligible for the Service. Depending on the Service, an Eligible Transaction Account may include a checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information. "Payment Instruction" is the information provided for a payment to be made under the applicable Service, which may be further defined and described below in connection with a specific Service.

ACH Network means the funds transfer system, governed by NACHA rules, which provides funds transfer services to participation financial institutions.

ACH Network means the automated clearinghouse payment network that the member organizations of Nacha control and manage.

ACH Network means the electronic funds transfer system governed by the rules of the North American Clearing House Association.