By using batch processing and a store-and-forward system, the ACH Network is at the center of commerce in the USA, moving money and
information from one bank account to another through Direct Deposit and Direct Payment via ACH transactions, including ACH credit and
debit transactions; recurring and one-time payments; government, consumer and business-to-business transactions; international payments;
payments plus payment-related information.
A set of subroutine definitions, protocols, and tools for building application so ware. In general terms, it is a set of clearly defined methods
of communication between various so ware components. A good API makes it easier to develop a computer program by providing all the
building blocks, which are then put together by the programmer. An API may be for a web-based system, operating system, database system,
computer hardware or so ware library.
Related Content: https://en.wikipedia.org/wiki/Application_programming_interface
“UK ACH” payment system
A type of distributed ledger, comprised of unchangable, digitally recorded data in packages called blocks. These “blocks” of data is stored in a
linear chain. Each block in the chain contains data (e.g. bitcoin transaction), is cryptographically hashed. The blocks of hashed data draw upon
the previous-block (which came before it) in the chain, ensuring all data in the overall “blockchain” has not been tampered with and remains
unchanged.
Computing model in which storage and computing tasks are handled by networked machines rather than at the point of consumption.
A development practice that requires developers to integrate code into a shared repository several times a day. Each check-in is then verified
by an automated build, allowing teams to detect problems early. By integrating regularly, you can detect errors quickly, and locate them more
easily.
Related Content: https://www.thoughtworks.com/continuous-integration
A document issued by the seller of goods or services to the buyer, reducing the amount that the buyer owes to the seller under the terms of
an earlier invoice. The credit memo usually includes details of exactly why the amount stated on the memo has been issued.
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