---
title: Term Glossary
slug: pnc/term-glossary
description: Become familiar with the key terms used in our Product Guide by reading this page.
docTags: 
createdAt: 2022-08-03T21:45:08.000Z
---

## Automated Clearing House (ACH)

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.

***

## Check Print

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

***

## Positive Pay

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.

FISPAN helps the client to digitally transmit a list of checks that it has issued physically via mail. The bank compares the list to the actual checks, flags any that do not match, and notifies the client. The client will then tell the bank whether or not to cash the check.

***

## FedWire Domestic Wire USD

An electronic funds transfer system that occurs in real time for central bank funds. It is used by Federal Reserve banks to transfer funds between participating member institutions. No physical money is transferred between banks or financial institutions when conducting a wire transfer. Instead, information is passed between banking institutions about the recipient, the recipient's bank account number, and the amount transferred.