ACH or ECheck are electronic versions of a paper check.It works by making a direct electronic transfer from a checking account you simply provide your checking account number.

An eCheck uses the same legal and business protocols associated with traditional paper checks, but takes advantage of the speed and processing efficiencies of electronic payments.

The ACH Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system governed by the NACHA OPERATING RULES which provide for the interbank clearing of electronic payments for participating depository financial institutions. The Federal Reserve and Electronic Payments Network act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.

ACH payments or Echecks can be used for:

	Adult oriented ecommerce - Shopping, membership subscription sites, pay per view or pay per minute.
	Gaming sites (worldwide).
	Any other legal High risk ecommerce business.
	Bill Payments.
	Direct deposits from affiliate program companies to webmasters.

All ACH transactions are settled pretty much the same way checks are. The clearinghouse takes all of the ACH files received daily from member banks, it then divides them by the originating bank (where the check was either cashed or deposited) and the paying bank (the bank where the check was drawn), then it totals the accounts, and credits or deducts the accounts accordingly.

More than 12 billion automated clearing house (ACH) payments were made in 2004, a 20 percent increase over 2003, according to statistics released by NACHA - The Electronic Payments Association at its PAYMENTS 2005 conference. The growth was largely driven by the rapid expansion of ARC - the accounts receivable check conversion application - which experienced a nearly six-fold increase in volume to more than 1.25 billion payments.

Internet-initiated ACH payments represented a second area of growth. In 2004 American consumers initiated 967 million ACH debit payments via the Internet (known as WEB), valued at over $300 billion, and a 40.4 percent increase over 2003. NACHA estimates that 80 percent of these debits are to pay bills via companies' or billing services' web sites, 18 percent are to transfer funds, and 1 percent are to make purchases. In addition, Americans initiated 115 million ACH credit payments, valued at $47.8 billion, via their financial institutions' or billing services' web sites. Combining these two methods shows that U.S. consumers used the Internet to initiate more than 1 billion ACH payments valued at $350 billion.

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