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⍰ ASK How did the introduction of the Automated Clearing House system impact electronic fund transfers in the U.S.?

In the 1970s, the ACH system made transferring money electronically in the U.S. much easier. Before, things were slower with paper methods, but ACH automated the process, making it faster and cheaper.

ACH lets you do different electronic transfers, like getting your salary, paying bills, or doing business transactions. Lots of people and businesses like it because it's quick and safe. It made electronic transfers a popular choice and improved how money moves around in the U.S. The ACH system keeps being important for smooth and reliable electronic money transfers in the country.
 

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