ACH Successfully Launches Same-Day Debits Before Year’s End

Processing just got a little bit faster. Mid-September, it was announced that the nation’s automated clearing house network had launched same-day clearing and settlement for debit transactions. Same-day debits have been called “Phase 2” in NACHA’s faster-payments plan. Phase 1, same-day credits, was introduced a year ago, allowing users to move payments from their bank

ACH Payment Processing

ACH payments are electronic payments. They’re created when the customer gives an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer’s checking or savings account for the purpose of bill payment. Authorization must be in accord with the requirements of the ACH Operating Rules. It must be either written and

Is Faster ACH A Profitable Idea Or A Flop For Acquirers?

When there was the need for faster payment processing alternatives, Same-day Automated Clearing House came as one of the leading options. And it has been so to date, however, there’s the question of whether it is a perfect fit or not for acquirers. Despite ACH’s cheaper service fee compared to the use of credit cards,

ACH Processing for Small Businesses | Enjoy the Benefits

ACH is the main network that processes most electronic financial transactions in the US. ACH payments are electronic payments completed through the Automated Clearing House (ACH) Network. They are a popular alternative to paper checks and credit card payments since they offer a number of benefits to merchants and consumers. The National Automated Clearinghouse Association

All You Need To Know About Processing ACH Payments

In every business transaction, both the merchant and the customer like having options. Different methods translate to more opportunities for the trader, and flexibility for the buyer. As such, merchants especially prefer payment channels that don’t cost too much to process. An example of these is Automated Clearinghouse Payments (ACH). The best thing about ACH

B2B Payments in 3 Years. Check or ACH?

In recent years, the payments industry has witnessed some dramatic developments. New technologies aimed at facilitating payments appear in the market and going mobile accounts for a lot of innovation. According to 2016 AFP Electronic Payments Survey, 51% of companies’ B2B payments were still being made by check. Smaller companies generating less than $1 billion

Recent Survey Shows Same Day ACH Usage Is Strong

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

Check Processing for Your “High Risk” Business

The ability to process checks electronically is essential to running any business. Having the ability to offer customers various methods of making their payment(s) means more sales and revenue for you. The advantage of electronic checks is that they considerably cut down on the number of potential chargebacks and customer disputes. However, have you ever

ACH and TCH Exploring Expansion of Tokenized ACH Check Processing Security

The Clearing House Payments Co. LLC is exploring implementing a token system to help protect sensitive consumer information for all automated clearing house transactions. TCH is already utilizing a tokenized credit card numbers and is seeking to expand that system in the wake of so many security breaches in the past six months. Credit card