the ach network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system governed by the nacha operating rules which provide for the interbank clearing of electronic payments for participating depository financial institutions ach网络是全美范围内高度可靠和有效率的批量电子资金转帐系统,依据nacha(美国教会商业管理学会)运行准则的管理,提供给多方金融存款机构在同业间进行电子支付的清算。
depository financial institution meaning: Noun: depository financial institution A financial institution that accepts deposits and channels the money into lending activities - bank , banking concern , banking company Derived for...