Recent Survey Shows Same Day ACH Usage Is Strong

Mar 28, 2017

Same Day ACH is a new rule adopted by NACHA (National Automated Clearing House Association). The latter manages the development, administration, and governance of the ACH Network. Same Day ACH allows for payments to be processed within 1 business day, rather than the next day or day after. So Same-day ACH can be described as the US faster payments solution to accelerate settlement times for a specific class of bank-based transactions.

According to a recent survey in the field, Same Day ACH is being implemented successfully; 80% of survey participants anticipate a steady growth this year. 90% percent of participants report they have seen the same or greater volume of origination services than they expected. 83% have experienced the same with regard to the volume received.

The survey was based on 23 financial institutions that account for 63% of ACH Network origination volume. This qualitative survey on Same Day ACH was held during December 2016 and January 2017.

The survey shows that this faster payment solution is being used by businesses, regardless of their size. 84% of the financial institutions surveyed say they originated Same Day ACH transactions for middle market sized companies. 58% report to have originated transactions for large companies, and 37% responded they see small business clients benefiting from Same Day ACH transactions.

If you’re looking for fast working capital, is here to help you. Voted the #1 high risk processor in the US, EMB offers exceptional solutions for payment processing, including Same Day ACH.

ACH Business Funding Program is one of the popular business funding options provided by EMB. The application process is made simple and easy: it takes only a few minutes to complete. This fine funding program examines your monthly sales revenue based on the gross deposits in your checking account over a 4-month period. No merchant account is required.

By Sept. 15, 2017, financial institutions, processors and businesses should be prepared to receive and originate Same Day ACH debits. Same Day ACH for debits will support both consumer bill payment and account-to-account transfers.


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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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