Automated clearinghouse



noun

an electronic clearing and settlement system for electronic financial transactions among participating US commercial banks and depository institutions

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  • Automated

    to apply the principles of automation to (a mechanical process, industry, office, etc.). to operate or control by automation. to displace or make obsolete by automation (often followed by out): The unskilled jobs are going to be automated out. to install automatic procedures, as for manufacturing or servicing; follow or utilize the principles of automation: […]

  • Automated engineering design

    automated engineering design language (AED) (Or “ALGOL Extended for Design”) A systems language for the IBM 7090 and IBM 360 developed at MIT System Laboratory ca. 1965 by a team led by Douglas T. Ross (now at Softech). AED is an extension of ALGOL 60 with records (“plexes”), pointers, and dynamic allocation. DYNAMO II was […]



  • Automated grouping system

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  • Automated testing

    automated testing testing Software testing assisted with software tools that require no operator input, analysis, or evaluation. (2001-05-20)



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