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Publishers Clearing House. Publishers Clearing House (PCH) is a direct marketing company that markets merchandise and magazine subscriptions with sweepstakes, and prize-based games. Publishers Clearing House was founded in 1953 by Harold Mertz to replace door-to-door magazine subscription sales by a single vendor offering multiple subscriptions by mail.
ACH Terms and Definitions Terms and Definitions. ACH - Automated Clearing House An organization formed by financial institutions using a computer-based facility to settle automatic payment and deposit transactions among financial institutions in a given geographic area. ACH Debit Term used to describe a pre-authorized withdrawal, which will be deducted from an account as an EFT transaction. ACH Rule The required rules and regulations that each financial institution must follow that govern the ACH network. These rules are set by NACHA. ACH Stop Payment