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Definition of


E-Commerce abbr

computerized network for clearing banks automated clearing house: ATM systems for interbank clearing and settlement of financial transactions. The network is also used for electronic fund transfers from a checking or savings account.

Definitions of ’ACH’ and meaning of ’ACH’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ACH’ and other financial terms with our online QFINANCE Financial Dictionary.

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