Automated clearinghouse definition

Automated clearinghouse means the nationwide electronic funds transfer system that provides for an interbank exchange of either checks or automated debit or credit entries. [PL 2013, c. 480,
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Automated clearinghouse means any federal reserve bank, or an organization established by agreement with the National Automated Clearing House Association or any similar organization, that operates as a clearinghouse for transmitting or receiving entries between banks or bank accounts and that authorizes an electronic transfer of funds between those banks or bank accounts.
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Automated clearinghouse or “ACH” means a facility that clears debit and credit items for institutions.
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Examples of Automated clearinghouse in a sentence

  • Automated clearinghouse services are also subject to the ACH Rules.

  • El subdestinatario entiende que el Beneficiario transferirá la subadjudicación a través de ▇▇ ▇▇▇▇▇▇ de compensación automatizada (Automated clearinghouse, ACH) a la cuenta bancaria indicada en el formulario de Autorización de ACH.

  • Automated clearinghouse (ACH) transmissions will be postponed until the Hot-Site is operational and current credit union data is available.


More Definitions of Automated clearinghouse

Automated clearinghouse. ’ means any federal reserve bank, or an organization established in agreement with the National Automated Clearinghouse Association, that operates as a clearinghouse for transmitting or receiving entries between banks or bank accounts and which authorizes an electronic transfer of funds between these banks or bank accounts.
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Automated clearinghouse means any federal reserve bank,
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Automated clearinghouse means the na- tionwide electronic funds transfer system that provides for an interbank exchange of either checks or automated debit or credit entries.
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Automated clearinghouse. ’ means any federal
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Automated clearinghouse means automated clearing house.
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Related to Automated clearinghouse

  • 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.

  • Clearinghouse means the Federal Motor Carrier Safety Administration Commercial Driver's License Drug and Alcohol Clearinghouse.

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Clearing House Rules means the Certificate of Incorporation, the By- Laws and any rule, interpretation, stated policy, or instrument corresponding to any of the foregoing, in each case as adopted or amended from time to time by the Clearing House relating to any or all of the Swaps.