NACHA (National Automated Clearing House Association – The Electronic Payments Association)

The national trade association responsible for developing and enforcing ACH rules and guidelines.

Related Terms

  • POS (Point-of-Sale)

    A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. POS transactions are generally initiated with a...

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  • TILA (Truth in Lending Act)

    The Truth in Lending Act requires the full disclosure of finance charges and terms with regard to costs associated with borrowing.

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