Electronic Payments Network
Encyclopedia
The Electronic Payments Network (EPN) is an electronic automated clearing house
(ACH) that provides functions similar to those provided by Federal Reserve Banks. The Electronic Payments Network is the only private-sector ACH operator in the United States.
Automated Clearing House
Automated Clearing House is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit payroll and vendor payments. ACH direct debit transfers include consumer payments...
(ACH) that provides functions similar to those provided by Federal Reserve Banks. The Electronic Payments Network is the only private-sector ACH operator in the United States.
See also
- Automated clearing houseAutomated Clearing HouseAutomated Clearing House is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit payroll and vendor payments. ACH direct debit transfers include consumer payments...
- Clearing House Interbank Payments SystemClearing House Interbank Payments SystemThe Clearing House Interbank Payments System is the main privately held clearing house for large-value transactions in the United States, settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the Fedwire Funds Service , CHIPS forms the primary U.S...
(CHIPS) - FedwireFedwireFormally known as the Federal Reserve Wire Network, Fedwire is a Real Time Gross Settlement Funds Transfer system operated by the Federal Reserve Banks that enables financial institutions to electronically transfer funds between its more than 9,289 participants...
- Universal Payment Identification CodeUniversal Payment Identification CodeA Universal payment identification code or UPIC is an identifier for a bank account in the United States used to receive electronic credit payments. A UPIC acts exactly like a US bank account number and protects your sensitive banking information. Your actual bank account number, including your...
(UPIC)