Glossary A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

ACH as a Service

ACH as a Service, or Automated Clearing House as a Service, is a service model that puts bank-to-bank transfers in order on behalf of businesses. Although card and electronic payment methods seem to be dominant today, wire transfers and checks are still in broad use in many cases such as paychecks and tax refunds. In such cases, the clearing process may bottleneck the transaction flow.

ACH as a Service lubricates the clearing process in bank-to-bank transactions and helps the businesses with faster money collection, reduction in transaction costs and improvement on customer retention.

2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB
2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB