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Wire Payment / ACH

Time:November 30
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Hi,
  what is the meaning of WIRE PAYMENTS & ACH.
Thanks,
SAI
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Hi Sai,
ACH/ Wire transfer: A computer-based clearing and settlement facility established to process the exchange of electronic transactions between participating depository institutions. Such electronic transactions (or wire transfers) take the place of paper checks.
Look at the following link for more insight:
Re: SAP -FI - Wire Payment
Re: Outging Paymnet - F110
Hope this helps.
Please assign points as way to say thanks.