Green Book


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.


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

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    Electronic funds that are deposited directly into your bank account ...
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