ACH

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit, payroll and vendor payments. ACH direct debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills. Debit transfers also include new applications such as the point-of-purchase (POP) cheque conversion pilot program sponsored by NACHA. Both the government and the commercial sectors use ACH payments. Businesses increasingly use ACH online to have customers pay, rather than via credit or debit cards.

 

ACH Highlights

  • Full compliance with the requirements and guidelines of the Central Bank of the Islamic Republic of Iran and Islamic banking
  • Connects to a variety of virtual banking channels like internet banking, mobile banking, mobile internet banking, mobile banking and telephone banking USSD-based
  • Ability to record a collective payment order by file and file of receipts according to the standard ISO PAIN
  • service-oriented architecture (SOA)
  • Three-layer design (user interface, business, data)
  • speed appropriate support systems are the focus of the business layer on a server
  • higher processing power for high volume database transactions including registration and issuance

 

Automated Clearing House