processes and delivers electronic debit and credit payments among participating institutions, usually commercial and savings banks, savings and loan associations, and credit unions
Automated clearinghouses are assembled in regional networks to facilitate the clearing of accounts within and between regions. All of the automated clearinghouses participate in an interregional network
there were four automated clearinghouses that serviced some 13,000 financial institutions grouped into 24 regional associations. This system facilitated efficient clearing of accounts and reduced costs for participating institutions
Do all clearinghouses require claims to be sent to the clearinghouse in the ANSI 5010 Version Standard? true or false
Member firms regularly submit statements to clearinghouses that indicate a net balance in each security or commodity on the exchange, along with the net amount to be paid or received,
These organized exchanges have clearinghouses, which may be financial institutions or part of the futures exchange. They interpose themselves between the buyer and the seller, guarantee obligations, and make futures liquid with low credit risk.
automated clearinghouses, check cashing agencies, check clearinghouse associations, deposit brokers, electronic funds transfer networks, escrow institutions other than real estate, fiduciary agencies other than real estate or trust
James Graham Cannon has written: 'Clearing-houses' -- subject(s): Accessible book, Clearinghouses, Clearinghouses (Banking), History, Clearinghouse 'Buying commercial paper' 'Bank credits' -- subject(s): Banks and banking
list of automated devices
Automated BuildStudio was created in 2004.
Automated Alice was created in 1996.
Automated fingerprint search capabilities
It can be automated or with an agent.