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These payments are typically executed electronically as a direct deposit through a national payment system, operated by the banks or in conjunction with the government. Payment is typically initiated by the payer but can also be set up as a direct debit .
In the United States, the ACH Network, regulated by NACHA and the Federal Reserve Bank, handles all interbank transfers, including direct deposit and direct debit. In entirely electronic bill payment, the payer receives a bill—either physically by mail or electronically from a website ( electronic billing ).