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“Live” refers to an entry that affects a funds transfer rather than non-dollar entries, such as prenotifications.
A publication assembled by the U.S. Department of the Treasury that specifies the procedures to be used in Automated Clearing House transactions originated on behalf of the United States Federal Government.
The time at which the funds resulting from a funds transfer are made available to the customer.
Electronic data interchange for financial transactions/applications between companies and financial institutions, including payment and remittance advice, account analysis, and balance reporting.
A group of ACH batches initiated into the ACH Network or sorted for delivery to ACH receiving point(s). A file must be transmitted electronically via data transmission between the sending point and the receiving point. A file may be delivered to an end-point via direct data transmission or other agreed upon media. A file may [...]
One or more consecutive character positions within an ACH entry mapped to contain specific information. For credit, debit or ATM cards, a defined area within an information track of the magnetic stripe of fixed or variable length.
The date the originating company expects payment to take place. The ACH Operator reads the effective entry date to determine the settlement date.
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