an electronic debit to a checking account that's initiated at the point of sale, on the Internet, over the telephone, or via a bill remittance sent through the mail, and is processed using the automated clearinghouse network
A generic term for an ACH debit to a consumer account that is originated on the Internet, at the point of sale, over the telephone, or by a bill payment sent through the mail or dropped in an unattended dropbox.
Known also as e-checks, electronic checks are a very useful, if underutilized, payment processing method. E-checks work in a similar fashion to paper checks, except they are processed electronically and can clear faster. As with paper checks, customers use funds from their checking or savings account when paying via electronic check.
An E-Check is a form of payment that deducts funds directly from your own standard checking account. eCheck services are usually managed by third party companies that interface with a number of different banks. An echeck provides a more fraud resistant option in terms of ecommerce transactions
An e-Check is an electronic transfer of funds in which the money is taken from a bank account, typically a checking account. The account's routing number and account number are used to draw funds from the account. e-Checks can clear much faster than written checks.