Automated clearing house: Abbreviated Ach. A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.
Pax: Is the Private Ach Exchange.
Preauthorized electronic debits: Abbreviated PADs. Debits to its bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Ach Automated Clearing House (ACH) system.
Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...
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