#QuickBiteCompliance Day 18
Today, we are going to delve into Automated Clearing House (ACH). It’s an electronic banking network that handles high volumes of credit and debit transactions in batches. ACH credit transfers cover various payments like direct deposit payrolls, contractor, and vendor payments. On the other hand, ACH debit transfers involve consumer payments such as insurance premiums and mortgage loans.
#InclusiveRegtech #AutomatedClearingHouse #ACH
Source: https://www.acams.org/en/resources/aml-glossary-of-terms
