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ACH - Automated Clearing House
A company or group responsible for sorting automated payment instructions to allow the transfer of funds electronically. ACH's are usually country specific and examples are Bacs (UK), CHAPS (UK/Europe), CEC/UCV (Belgium), SIT (France), EMZ (Germany), SIA-SSB (Italy), Interpay/BGC (Netherlands), SICOI (Portugal) and SNCE (Spain).
