ACH network

GPTKB entity

Statements (41)
Predicate Object
gptkbp:instanceOf Electronic Funds Transfer
gptkbp:acceptsPaymentMethod credit transfer
debit transfer
gptkbp:alternativeTo wire transfer
paper checks
gptkbp:clearingHouse gptkb:Federal_Reserve
gptkb:The_Clearing_House
gptkbp:country gptkb:United_States
gptkbp:currency gptkb:USD
gptkbp:established 1974
gptkbp:fareControl low cost
gptkbp:features gptkb:NACHA_Operating_Rules
gptkbp:fullName Automated Clearing House network
gptkbp:governingBody gptkb:NACHA
https://www.w3.org/2000/01/rdf-schema#label ACH network
gptkbp:operatedBy gptkb:NACHA
gptkbp:participants banks
credit unions
financial institutions
gptkbp:regulates gptkb:Consumer_Financial_Protection_Bureau
gptkb:Federal_Reserve
gptkb:Office_of_the_Comptroller_of_the_Currency
gptkb:NACHA
gptkbp:settlementFrequency multiple times per day
gptkbp:settlementPeriod batch processing
gptkbp:supports one-time payments
recurring payments
same-day ACH
gptkbp:usedFor payroll
direct deposit
e-commerce payments
vendor payments
business-to-business payments
consumer bill payments
federal tax payments
government benefit payments
gptkbp:value2022 $76.7 trillion
gptkbp:volume2022 30 billion payments
gptkbp:website https://www.nacha.org/ach-network
gptkbp:bfsParent gptkb:FedACH
gptkbp:bfsLayer 5