An ACH Operator is an entity that operates an Automated Clearing House pursuant to an agreement with an Association. An ACH Operator may act as an Originating ACH Operator, a Receiving ACH Operator, or both. In the case of an Association that operates its own clearing house for entries through one or more facilities, the term means such Association. An ACH Operator of a Participating DFI means an ACH Operator to which such Participating DFI transmits entries or from which such Participating DFI receives entries pursuant to the authorization of or agreement with such ACH Operator.