Posts Tagged ‘ ach ’


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The Automated Clearinghouse Network

The ACH network is a financial network designed for batch processing of funds. Debits and credits can be automatically processed, resulting in an efficient clearing of funds between participating financial institutions. The use of the ACH network is governed by the NACHA (National Automated...

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Understanding The MICR Line

On any modern check, a merchant may notice a line of information positioned along the bottom. This line is the key to standardized check reading – by standardizing the information contained, check can be routed faster and less prone to human error. MICR is...

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