Which is true of FedGlobalSM ACH Payments offered by Federal Reserve Bank Services? A fixed-to-fixed transfer method allows converted check payments to be settled during the current processing dayThe fixed-to-variable option allows funds from accounts at a U.S. depository institution to be retrieved by any receiver at a participating bank locationFedGlobal provides a framework for cross-border debit payments between 35 countriesAn account-to-account transfer is used to distribute ACH credit payments between deposit accounts

FedGlobal ACH payments are done in 4 ways. It offers a wide range of efficient cross border…

Answered: Which is true of FedGlobalSM ACH…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which is true of FedGlobalSM ACH Payments offered by Federal Reserve Bank Services?

A fixed-to-fixed transfer method allows converted check payments to be settled during the current processing day
The fixed-to-variable option allows funds from accounts at a U.S. depository institution to be retrieved by any receiver at a participating bank location
FedGlobal provides a framework for cross-border debit payments between 35 countries
An account-to-account transfer is used to distribute ACH credit payments between deposit accounts

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