Who manages the Automated Clearing House (ACH) network relied upon for electronic funds transfers in the US?
Answer
Federal Reserve System
Electronic funds transfers across the United States heavily rely on the Automated Clearing House (ACH) network, which is managed through the Federal Reserve System.
Related Questions
Who manages the Automated Clearing House (ACH) network relied upon for electronic funds transfers in the US?What prevents the ACH network from processing transactions on certain days?If a payday falls on a Monday that is observed as a Federal holiday, when do the funds typically clear?According to the text, what happens if a Federal holiday falls on a Sunday?If a payroll manager submits the payroll file after the required daily cutoff time, what is the direct consequence for the transfer?What is a common administrative reason for a new employee experiencing a delay with their first paycheck?What is the latest time the ACH requirement specifies funds must be posted by the receiving bank?What does a direct deposit showing as 'pending' with a $0 balance next to it indicate?What federal law mandates that employers pay employees for work performed promptly and consistently on their established schedule?What should be the first diagnostic step taken when payday arrives and the paycheck is missing?