PE-ACHPan-European Automated Clearing House (finance)
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What you're seeing now is a consolidation of ACHs." Currently the European Payments Council, which drafted the SEPA standards, is implementing a PE-ACH, or Pan-European ACH.
He says banks should throw more of their infrastructure effort behind new structures, such as the proposed pan-European Automated Clearing House (PE-ACH), which has been unanimously supported by EPC members.