Definition: Interquartile range is the measure of dispersion which is the difference in the values of two quartiles. The Lower Quartile is denoted as Q 1 and the Upper Quartile is denoted as Q 3.
What is an eCheck? Essentially, an eCheck or electronic check is a form of online payment where money is electronically withdrawn from the payerâs checking account, transferred over the ACH network, and deposited into the payeeâs checking account.
DEFINITION of 'Electronic Payments Network-EPN'. An electronic automated clearing house (ACH) that serves as the sole ACH for the private sector in the United States.The Electronic Payments Network handles numerous types of credit transfers, such as payroll payments, dividends, etc., as well as debit transfers, such as loan payments and insurance premiums.Next Up.n the modern financial marketplace, the EPN's use of electronic transfers of money has increased the efficiency and timeliness of business transactions. If you are paid by direct deposit by your employer, chances are the EPN is involved in the transaction.