2.  The global payment processing company Allied
Wallet offers merchant transaction services in 196
countries and processed in 164 different currencies.
An attractive alternative to an in-house ACH solution,
Allied Wallet offers clients ACH processing solutions
designed to save paper and improve cost-efficiency.
A payment transfer system commonly used in the
United States, ACH stands for “Automated Clearing
House.” Financial institutions in the U.S. are
connected to each other using this secure system.
Electronic fund transfer transactions are cleared
through the ACH network using batch processing,
and payments may be held there for a short period
of time before arriving with the intended recipient.

3.  This process is known as “store-and-forward.”
The ACH system is governed by regulations set
out by the National Automated Clearing House
Association, the ACH network’s trustee. ACH is
operated by both Federal Reserve Banks and
the Electronic Payments Network. Every year,
the ACH network is responsible for moving
close to $39 trillion American dollars. Credit and
debit transactions, including vendor payments,
payroll transactions, and direct deposits, are
processed within both the public and private
sectors.