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Payments 2008 What You Need to Know About ACH Origination May 18, 2008, William Blew, AAP Stan Pilot Kerry Ellen, AAP Julie Walker Objectives n There are thousands of applications and millions of
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What is whatyouneedto knowaboutach origination?
A ACH origination is the process of initiating an electronic fund transfer between financial institutions.
Who is required to file whatyouneedto knowaboutach origination?
Businesses and individuals who need to transfer funds electronically are required to file ACH origination.
How to fill out whatyouneedto knowaboutach origination?
ACH origination forms can be filled out online through a secure banking portal or software provided by financial institutions.
What is the purpose of whatyouneedto knowaboutach origination?
The purpose of ACH origination is to efficiently transfer funds between bank accounts electronically.
What information must be reported on whatyouneedto knowaboutach origination?
Information such as the amount to be transferred, account numbers, routing numbers, and the date of transfer must be reported on ACH origination forms.
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