Automated clearing house system

Automated clearing house system or ACH system means a funds transfer system, primarily governed by the ACH Rules, which provides for the clearing and settlement of batched electronic entries for participating financial institutions. When referring to ACH systems, the terms in this regulation (such as originating depository financial institution, operator, originating gateway operator, receiving depository financial institution, receiving gateway operator, and third-party sender) are defined as those terms are defined in the ACH Rules.
orACH systemmeans a funds transfer system, primarily governed by the ACH Rules, which provides for the clearing and settlement of batched electronic entries for participating financial institutions. When referring to ACH systems, the terms in this regulation (such as originating depository financial institution, operator, originating gateway operator, receiving depository financial institution, receiving gateway operator, and third-party sender) are defined as those terms are defined in the ACH Rules.

Source

12 CFR § 233.2

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Scoping language

The following definitions apply solely for purposes of this part:

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