Business Case: Secure Electronic Payments in the Internet Era

    Date25 Jun 2000
    CategoryCryptography
    3835
    Posted ByAnthony Pell
    Is your paycheck automatically deposited into your account by your employer? Do you pay any bills by automated debit? If so, you are a regular user of one of the most important and least-known networks in the world, the Automated Clearing . . . Is your paycheck automatically deposited into your account by your employer? Do you pay any bills by automated debit? If so, you are a regular user of one of the most important and least-known networks in the world, the Automated Clearing House (ACH) network. In 1999, the ACH network handled 6.2 billion transactions, for a total dollar amount of $19.4 trillion.
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