ACH System definition

ACH System means the Automated Clearing House system of the U.S. Federal Reserve Board or a successor system providing electronic funds transfers between banks.

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ACH System means the automated clearinghouse system.

ACH System means the automated clearinghouse or other system used for bulk file transfers; (c) “Entry Data” means instructions, data or other information transmitted or otherwise communicated to Bank as provided in this Service Description; and (d) “Rules” means the rules of NACHA – The Electronic Payments Association® (“NACHA”) and any applicable local ACH rules and regulations as in effect from time to time.

Examples of ACH System in a sentence

Yamaha will thereupon enter such new information regarding the Account into the ACH System.
Customer shall complete the attached Authorization Agreement for Direct Payments form (“Application”), and allow Yamaha to initiate debit entries through the ACH System to Customer’s Account, as defined below, to collect amounts owed by Customer to Yamaha.
By entering into this Agreement, Customer irrevocably authorizes Yamaha during the term of their Equipment Schedule, to initiate debit entries through the ACH System to the Account to pay Customer’s obligations, and to take possession of funds in the Account for application to such obligations.
Customer acknowledges that if any error occurs in the ACH System debiting process, and Customer will immediately notify Yamaha if the amount of any debit entry which Yamaha initiates exceeds the amount owed by Customer.
Yamaha will not be liable for the act or omission of any Automated Clearing House, financial institution, or any person who has obtained unauthorized access to the ACH System.

More Definitions of ACH System

ACH System means the automated clearinghouse or other system used for bulk file transfers;

ACH System means an automated clearing house network or system used to process electronic payments which are transferred to or from your Account through an automated clearing house network. Such payments shall be subject to all applicable Federal Reserve System regulations and circulars, NACHA Rules, and similar operating policies and procedures. Common examples include direct deposits of payroll, pension or government benefits such as Social Security.

ACH System is closed and not a day on which banking institutions are authorized or obligated by law or executive order to close in New York, New York, United States.

ACH System means Automated Clearing House system.

ACH System means the Automated Clearing House system of the U.S. Federal Reserve Board or a successor system providing electronic funds transfers between banks. “Act”, when used with respect to any Holders, has the meaning specified in Section 104.