Straight-through processing (STP) is an automated method used by financial companies to speed up processing transactions. STP does not require manual intervention and streamlines data sharing across multiple points.
AHC payments allow businesses to make electronic payments to vendors for products and services. This type of payment can occur as a single entry, or it can be set up on a recurring basis. For example: You can authorize your utility company to electronically debit funds from a checking or savings account to pay for an electricity bill each month. You will then provide permission as to which account you want the funds to be deducted from.