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Clearinghouse (Financial)

A Clearinghouse Network routes transactions for reconciliation. The term applies to all types of financial transactions, not just toll transactions. Examples of Clearinghouses (or Clearinghouse Networks) include the Federal Reserve Automated Clearinghouse Network (ACH), VISA, MasterCard, American Express, Pulse & Cirrus. It is important to note the distinction between a Clearinghouse and a Fiduciary (defined below): A Fiduciary converts transactions into Funds, a Clearinghouse routes transactions to Fiduciaries.