Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system. Clearing System means Monte Titoli S.p.A., with office...
The identification of the requester and the access restriction of the interface is done by varying identification tokens which are exchanged via the clearing house. (SeeIdentification token distributionfor further information.) Each request to a OCHP direct interface must contain anAuthorizationHTTP he...
Simply by way of example, a simple routing table could assume the following form:— BINIPOrder 1010100210.10.10.2 (Bank 2)1 1010100310.10.10.3 (Bank 3)2 0000000010.10.10.4 (Clearing House)default Routing software stored on the memories associated with the servers at the banking institutions may ...
Participant's Authorization form for payment/deposit includes Transit Routing #, Account # and name (or canceled check) Account number (PIN). This is tagged to the deposited funds Amount to be transferred from customer's account method of remittance (ACH) ...
clearing and settlement system10for either a perfect match or a rejection of the check. A clearing house70or Federal Reserve Clearing Division80can also instantly check the universal positive pay match, authentication, authorization, clearing and settlement system10or reject an altered check based on...
credit or gift cards are also treated as electronic tender types. Steps282and284are part of the coupon authorization process300that processes the applicable E-Coupons45and is shown in greater detail in FIG. 8. After the coupon value is applied, a remaining balance, if any, is transmitted back...
2001-Mar. 2002 by The Clearing House, the Clearing House, 24 pages. “New Universal Payment Identification Code Will Become Industry Standard for I-Enabled Payments” UPIC (Universal Payment Identification Code) The Clearing House press release Apr. 24, 2001, 2 pages. “Supplement to ...
17. clear - pass an inspection or receive authorization; "clear customs" clear, pass - go unchallenged; be approved; "The bill cleared the House"18.clear - pronounce not guilty of criminal charges; "The suspect was cleared of the murder charges" ...