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Home > QFINANCE Dictionary > Definition of Clearing House Automated Payment System

Definition of

Clearing House Automated Payment System

Banking

means of rapid electronic transfer of substantial funds a method for the rapid electronic transfer of funds between participating banks on behalf of large commercial customers, where transfers tend to be of significant value.

Related definitions of "Clearing House Automated Payment System"

Clearing House Automated Payment System - Related Articles

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Definitions of ’Clearing House Automated Payment System’ and meaning of ’Clearing House Automated Payment System’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Clearing House Automated Payment System’ and other financial terms with our online QFINANCE Financial Dictionary.

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