The automatic clearing center is the main system for handling bank payments in the United States. ACH system is widely used in enterprises to pay employees' salaries. In the United States, the penetration rate is 26%, and in some European countries it is over 90%. In Japan, nearly 65,438+0,000% enterprises directly deposit their wages into employee accounts through automatic clearing centers.
The operation process of ACH system is similar to the bill clearing process, but it is realized electronically. ACH used magnetic tape to transmit information in the early days, and then it was gradually replaced by remote communication, realizing real-time transaction.
The American Automatic Clearing House mainly carries out five forms of payment:
(1) Cash concentration means that large chain companies concentrate the funds of local retail institutions to the headquarters through ACH, which is convenient for the headquarters to use the funds;
(two) direct payment of wages to employees;
(3) pensions and social welfare are paid directly by the Ministry of Finance;
(4) Pay a fixed amount of funds, such as insurance premium and mortgage interest;
(5) Payment of inter-enterprise loans.
Reference to the above content: Baidu Encyclopedia -ACH