Some online merchants accept direct deductions from customers' checking accounts which are done through a network of banks called the _____.
A) Automated Cash Holding
B) acquiring banks
C) Automated Clearing House
D) issuing banks

Question

Quizplus · Accepted Answer

The Automated Clearing House (ACH) is a network of banks in the United States used for electronic financial transactions, including direct deductions from customers' checking accounts.

Some Online Merchants Accept Direct Deductions from Customers' Checking Accounts