3 ms·
Probably the US version of European SEPA.
by C14L 7y ago
Probably the US version of European SEPA.
- mynameisvlad 7y agoThat's not quite right. An automated clearing house for transactions isn't a US-specific concept, it's used all over the world (sometimes called an ACH, sometimes under a different name). SEPA uses STEP2 as the pan-European clearing house. Each European country also has their own equivalent to the ACH. From https://en.wikipedia.org/wiki/Automated_clearing_house https://en.wikipedia.org/wiki/Automated_clearing_house, Germany's seems to be a service offered by the Bundesbank.
- falsedan 7y agoIn the context of the title though, ACH =~ SEPA