ACH transactions

[Jan Claeys]

Op vrijdag 24-07-2009 om 16:51 uur [tijdzone -0400], schreef Steve
Reilly:
> pos terminal readers read the routing and account # on the check, you
> get the check back after its converted electronically and transmitted
> to  ACH.  merchants receive $$ alot quicker than paper checks.
> basically like using a debit card but its paper.  im sure theres
> something like it where you are, maybe not called the same thing.

Well, here there isn't, as almost everybody has & uses a debet card
anyway (no, most people don't have a credit card here, or they only use
it when on vacation and to pay on the internet).


-- 
Jan Claeys