Automated Clearing House
Definition: Automated Clearing House (a.k.a. ACH) is an online banking system for different types of monetary transactions. Some of the most handy electronic services are online direct deposit for employee payroll, streamlined
eCommerce transactions, simple debit card payments and government tax payments.
Because everything is online, data is easily transferred, organized, categorized, and managed.
See also PayPal.
Want to learn more? Read our blog about e-Commerce / Product Sales.
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