Automated Clearing House (ACH)
Automated Clearing House (ACH) is an electronic financial transactions system run by the National Automated Clearing House Association (NACHA). ACH can process a large volumes of credit and debit transactions in batches that makes online transactions extremely easy and fast.
ACH credit transfers include direct deposit, payroll and vendor payments. ACH direct debit transfers refers to consumer payments on insurance premiums, mortgage loans, and other kinds of bills.
ACH payments is suitable for both the governmental and the commercial sectors. Business increasingly use ACH to facilitate electronic transfers of money, rather than using credit or debit cards.
ACH Highlights
- Full compliance with the Islamic banking requirements and guidelines
- Connect 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 through a file and generating receipts file based on the ISO PAIN standard
- Service-Oriented Architecture (SOA)
- Three-layer design (user interface, business, data)
- Appropriate speed in supporting system through the centralization of the business layer in a server
- Higher processing power for high volume database transactions such as registration in database and issuance of document