Green Book

AAA

DEFINITION of 'Green Book'

A comprehensive guide for financial institutions processing federal government automated clearing house (ACH) payments and collections. Federal guidelines ruling payment for goods and services with credit and debit cards and other electronic payment instruments.


INVESTOPEDIA EXPLAINS 'Green Book'

Today, the vast majority of federal payments and collections are done electronically. The ACH is a system that facilitates these electronic funds transfers.

RELATED TERMS
  1. Electronic Bill Payment & Presentment ...

    A process used by companies to collect payments via the internet, ...
  2. Electronic Check

    A form of payment made via the internet that is designed to perform ...
  3. Check Clearing For The 21st Century ...

    A federal law that took effect on October 28, 2004, and gives ...
  4. National Automated Clearinghouse ...

    A non-profit membership association charged with overseeing the ...
  5. Electronic Payments Network - EPN

    An electronic automated clearing house (ACH) that serves as the ...
  6. Direct Deposit

    Electronic funds that are deposited directly into your bank account ...
Related Articles
  1. Inside National Payment Systems
    Economics

    Inside National Payment Systems

  2. An Introduction To The International ...
    Fundamental Analysis

    An Introduction To The International ...

  3. The Global Electronic Stock Market
    Trading Systems & Software

    The Global Electronic Stock Market

  4. 10 Common Financial Terms Every Newbie ...
    Investing Basics

    10 Common Financial Terms Every Newbie ...

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center