A computer-based funds transfer system established by NACHA to process the exchange of transactions between participating financial institutions in the U.S.; uses batch processing and a store-and-forward system.

A check that is printed and cut by the bank instead of in-house of the business. The user submits check print files for the Bank to print and distribute to vendors.

An electronic transfer of funds sent internationally across a payment network administered by hundreds of banks or transfer service agencies across the world. No physical money is transferred between banks or FIs when conducting a wire transfer. Instead, information is passed between banking institutions about the recipient, the recipient bank account number, and the amount transferred.

Sent from an USD origin account, funds may be exchanged into the local currency once deposited into the payees bank account.

An electronic transfer of funds sent internationally across a payment network administered by hundreds of banks or transfer service agencies across the world. No physical money is transferred between banks or FIs when conducting a wire transfer. Instead, information is passed between banking institutions about the recipient, the recipient bank account number, and the amount transferred.

Funds are distributed in foreign currency to an international account. The fund’s currency typically goes through foreign exchange before being sent.

An automated cash-management service offered by financial institutions for fraud prevention. Checks that a company presents for payment are matched against the checks that were issued by the company to detect check fraud.

An electronic transfer of U.S. funds across a network administered by hundreds of banks or transfer service agencies. No physical money is transferred between banks or FIs when conducting a wire transfer. Instead, information is passed between banking institutions about the recipient, the recipient bank account number, and the amount transferred.