The term “Automated Clearing House(ACH)” services describes a computerized financial transaction network in the US. Here in HackCanyon we depend and rely on ACH network for an example if you need to run a bank hack transfer  to banks in the United States it is ran through the ACH networking server to debit the debtor account and fund the fund the beneficiary.

Large numbers of credit and debit transactions are processed in batches using Automated clearing house strategy.

It is commonly used for many different kinds of payments, including business-to-business, e-commerce, tax refunds, direct consumer bill payment, Social Security and other government benefits, direct payroll transfers, and federal, state, and municipal tax payments.

 

Here is a summary of the main elements and characteristics of ACH services

The financial institution that starts the ACH transaction on behalf of the sender (originator) is known as the Originating Depository Financial Institution (ODFI).
The financial institution that accepts the ACH transaction on behalf of the recipient is known as the Receiving Depository Financial Institution (RDFI).
Originator: The individual, business, or governmental body.


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