automated clearing house

noun

Definitions

  1. A nationwide electronic funds transfer system that provides for interbank clearing of…

    A nationwide electronic funds transfer system that provides for interbank clearing of electronic payments, such as credit-card transactions. An ACH transaction is an electronic fund transfer through the Federal Reserve Bank from a checking or savings account.

The neighborhood

Vish — recursive loop

No curated loop yet for automated clearing house. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA