Automated Clearing House definition

Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

Automated Clearing House. Network or "ACH Network" shall mean the network of participants involved in an ACH transaction, including parties originating Entries, ODFIs, RDFIs and parties receiving Entries.

Automated Clearing House or “ACH” shall mean the automated clearing house as designated by Buyer and agreed upon by the Parties.

Examples of Automated Clearing House in a sentence

• Funds will be transferred to Merchant's Designated Account using the Automated Clearing House (ACH) of the Federal Reserve Bank, on a two-three (2-3) day delayed basis contingent upon receipt of funds by the Bank and method of Merchant statement reconciliation.

• If Subscriber is paying by credit card or Automated Clearing House (“ACH”), Subscriber shall establish and maintain valid and updated credit card information or a valid ACH auto debit account (in each case, the “Automatic Payment Method”).

• Except as otherwise set forth in this agreement, you agree to be bound by all Federal Reserve and fund transfer system rules and regulations, including without limitation, the Operating Rules of the National Automated Clearing House Association, that apply to an ACH Transaction.

• Xxxxx agrees to pay Safran all undisputed amounts due under each invoice via check, Automated Clearing House debit, Electronic Funds Transfer, or direct debit from Buyer’s bank account within thirty (30) days after the invoice date, or earlier if required under the first sentence of this section.

• An External Transfer you schedule through the Transfers option processes through the Automated Clearing House (“ACH”) Network.

More Definitions of Automated Clearing House

Automated Clearing House or “ACH” means an electronic network for financial transactions administered by NACHA-The Electronic Payments Association.

Automated Clearing House means any corporation or association which operates an electronic clearing and transfer mechanism for the transfer of preauthorized recurring debits and credits between financial institutions on behalf of the financial institutions’ costumers.

Automated Clearing House or “ACH” means a central distribution and settlement point for the electronic clearing of debits and credits between financial institutions.

Automated Clearing House means a facility that processes debit and credit transactions under rules established by a Federal Reserve Bank operating circular on automated clearing house items or under rules of an automated clearing house association.

Automated Clearing House or “ACH” means a national and governmental organization with authority to process electronic payments, including the National Automated Clearing House Association and the Federal Reserve System.

Automated Clearing House. (ACH) means any entity that operates as a clearing house for elec- tronic debit or credit entries pursuant to an agree- ment with an association that is a member of the National Automated Clearing House Association.

Automated Clearing House or “ACH” means the network operated by the Federal Reserve and financial institutions to electronically process and settle funds transfers between financial institutions.