A system that allows large companies to transfer wages and salaries to employees' bank accounts without making out individual paychecks is called a(n)
A) ATM.
B) EFT.
C) ACH.
D) POS.
E) ECC.

Question

Quizplus · Accepted Answer

ACH (Automated Clearing House) is a system used for electronic funds transfer (EFT) between banks in the US. Large companies use ACH to transfer wages and salaries to employees' bank accounts without making out individual paychecks.

A System That Allows Large Companies to Transfer Wages and Salaries