Oracle A75089-02 - Manual (Page 139)

Glossary-1
Glossary
A
ANSI
American National Standards Institute which establishes national standards for the
United States. The parent organization for X12 and also serves as the North
American representative to ISO (International Standards Organization).
ASC X12
Accredited Standards Committee X12 group. This group is accredited by ANSI and
maintains and develops the EDI standards for the United States and Canada.
ASCII
American Standard Code for Information Interchange. A standard file format used
for transmission and storage. ASCII is a seven-bit code with an eighth bit used for
parity.
Automated Clearing House (ACH)
A nationwide network operated by the Federal Reserve used to connect banks
together for the electronic transfer of funds.
B
bankers automated clearing system (BACS)
The standard format of electronic funds transfer used in the United Kingdom.