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Automated Clearing House
An automated clearing house (ACH) is a computer-based electronic network for processing transactions, usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. The ACH system is designed to process batches of payments containing numerous transactions, and it charges fees low enough to encourage its use for low value payments. History The first automated clearing house was BACS in the United Kingdom, which started processing payments in April 1968. In the U.S. in the late 1960s, a group of banks in California sought a replacement for check payments. This led to the first automated clearing house in the US in 1972, operated by the Federal Reserve Bank of San Francisco. BACS operated from the beginning on a net settlement basis. Netting ACH transactions reduces the amount of deposits a bank must hold. Operation ACHs process large volumes of credit and debit transactions in batches. ACH credit tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bahamas Automated Clearing House
The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the archipelago's population. The archipelagic state consists of more than 3,000 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and northwest of the island of Hispaniola (split between the Dominican Republic and Haiti) and the Turks and Caicos Islands, southeast of the U.S. state of Florida, and east of the Florida Keys. The capital is Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas' territory as encompassing of ocean space. The Bahama Islands were inhabited by the Lucayans, a branch of the Arawakan-speaking Taíno, for many centuries. Christopher Columbus was the first European to see the islands, making his first landfall in the "New World" in 1492 when he landed on the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czech Express Real Time Interbank Gross Settlement System
Czech may refer to: * Anything from or related to the Czech Republic, a country in Europe ** Czech language ** Czechs, the people of the area ** Czech culture ** Czech cuisine * One of three mythical brothers, Lech, Czech, and Rus' Places *Czech, Łódź Voivodeship, Poland *Czechville, Wisconsin, unincorporated community, United States People * Bronisław Czech (1908–1944), Polish sportsman and artist * Danuta Czech (1922–2004), Polish Holocaust historian * Hermann Czech (born 1936), Austrian architect * Mirosław Czech (born 1968), Polish politician and journalist of Ukrainian origin * Zbigniew Czech (born 1970), Polish diplomat See also * Čech, a surname * Czech lands * Czechoslovakia * List of Czechs * * * Czechoslovak (other) * Czech Republic (other) * Czechia (other) Czechia is the official short form name of the Czech Republic. Czechia may also refer to: * Historical Czech lands *Czechoslovakia (1918–1993) *Czech Socialist Republ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Agency
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China National Advanced Payment System
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dynasti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centro De Compensación Automatizado
Centro may refer to: Places Brazil *Centro, Santa Maria, a neighborhood in Santa Maria, Rio Grande do Sul, Brazil * Centro, Porto Alegre, a neighborhood of Porto Alegre, Rio Grande do Sul, Brazil *Centro (Duque de Caxias), a neighborhood of Duque de Caxias, Rio de Janeiro, Brazil *, a neighborhood of Niterói, Rio de Janeiro, Brazil *Centro, Rio de Janeiro, a neighborhood of Rio de Janeiro, Brazil *Centro (São Paulo), the historic downtown of São Paulo, Brazil *, Aracaju, Sergipe, Brazil Mexico *Centro, Guadalajara, Jalisco, Mexico *Centro, Puerto Vallarta, Jalisco, Mexico *Centro Municipality, Tabasco, Mexico *Centro (borough), Tijuana, Baja California, Mexico *Centro, Yucatán, Mexico *Centro, the historic center of Mexico City, Mexico Elsewhere *Centro Habana, Cuba *Centro, Mandaue, a barangay in the Philippines *Centro Region, Portugal *Centro, Moca, Puerto Rico, a subdivision (also called a ''barrio'') of Moca, Puerto Rico *Centro (Madrid), a district of the city of Madr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cayman Islands Automated Clearing House
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Cayman may refer to * Cayman Islands, an overseas territory of the United Kingdom ** Grand Cayman, Cayman Brac, or Little Cayman, three islands that are part of the Cayman Islands * , a British frigate in service with the Royal Navy from 1944 to 1946 * Porsche Cayman, a sports car produced by Porsche * AMD Radeon HD6900 GPU series, codenamed Cayman See also * Caiman, a small crocodilian of Central and South America * Caiman (other) In biology, the caiman is a reptile in the subfamily Caimaninae. * ''Caiman'' (genus), a more restrictive sense for the genus within the Caimaninae Caiman may also refer to: *, a US Navy submarine that served in World War II and beyond *BAE Caim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payments Canada
Canadian Payments Association, carrying on business under the brand name Payments Canada, is an organization that operates a payment clearing and settlement system in Canada. The Canadian Payments Association was established by the ''Canadian Payments Act'' in 1980. Among other responsibilities, it regulates and maintains directories of bank routing numbers in Canada. In 2016, Payments Canada's systems cleared and settled 7.4 billion payments totaling over $50.8 trillion—or, $201.5 billion on average each business day. Services Payments Canada is a corporation that: * operates and maintains Canadian national systems for the clearing and settlement of payments and other arrangements for the making or exchange of payments; * facilitates the interaction of Payments Canada's systems with others involved in the exchange, clearing and settlement of payments; and * facilitates the development of new payment methods and technologies. Systems Clearing and settlement systems are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Clearing Settlement System
Automation describes a wide range of technologies that reduce human intervention in processes, namely by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines. Automation has been achieved by various means including mechanical, hydraulic, pneumatic, electrical, electronic devices, and computers, usually in combination. Complicated systems, such as modern factories, airplanes, and ships typically use combinations of all of these techniques. The benefit of automation includes labor savings, reducing waste, savings in electricity costs, savings in material costs, and improvements to quality, accuracy, and precision. Automation includes the use of various equipment and control systems such as machinery, processes in factories, boilers, and heat-treating ovens, switching on telephone networks, steering, and stabilization of ships, aircraft, and other applications and vehicles with reduced human inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
