Awasome Electronic Payment Clearinghouse 2023. Web the electronic payments network (epn) is an automated clearinghouse (ach) system that processes electronic funds transfers (eft) between financial institutions. Recent rule changes enable most.
Web the electronic payments network (epn) is an automated clearinghouse (ach) system that processes electronic funds transfers (eft) between financial institutions. The epn is one of two authorized automated clearinghouse operations, the other being the federal reserve’s fedach. The direct deposit of payroll, social security benefits, and tax refunds are typical examples of ach credit transfers.
