Here's the main points from your text:

1) An Automated Clearing House (ACH) transaction is a type of electronic payment or money transfer that doesn't involve immediate fund movement.

2) ACH stands for Automated Clearing House, and it refers to a U.S.-based financial network used primarily for direct payments between banks and other participating parties such as credit unions, large corporations, federal agencies, the IRS, and others like billers and consumers.

3) Transactions are typically processed in batches three times per day (morning, midday, evening), with final processing occurring by 4:45 p.m. ET on the same business day for domestic transactions if all requirements have been met.

- ACH is also known as 'direct payments,' which means it doesn't involve using paper checks, credit cards, wire transfers or cash when transferring funds between accounts held at participating banks and credit unions throughout United States.

4) NACHA (National Automated Clearing House Association), a nonprofit organization owned by U.S. financial institutions that together form the ACH network, governs its operations through rules adopted under authority given them by Federal Reserve Board.

5) The process typically works like this: You initiate an electronic debit from your account at one bank to another party's (like yours!) account elsewhere via internet or phone system; it then goes into clearinghouse where all debits are collected once daily around 8 am ET morning batch - usually three times per business day.

ACH credit and debit transfers