When a payment is made through the ACH Network, funds from the customer’s bank account are not immediately set aside to cover the transaction. Because the ACH system processes transactions in batches rather than “real time”, funds do not clear through the Federal Reserve..
How do you get orders from 29% of Americans that do not have cards? Echecks provide another way for the buyers to purchase from you.Accept Checks OnlineMore than 97% of Americans have bank accounts and can pay you with an echeck. Electronic checks give you the ability to capture sales from..
The ACH Network is an electronic payment processing platform through which monies and payment-related data flows. The network is a safe, secure, method for transferring consumer, business, and government payments. Billions of dollars are processed annually through ACH, including direct..
Electronic Checks Increase Sales for Online PharmaciesOnline pharmacies provide an important service to consumers that do not have health insurance or cannot afford to pay the high cost of medicine in their own countries. For years, consumers were able to buy pharmaceutical products with both..
Reasons International ACH Transactions are LaggingTwo years after the passage of the International ACH Transaction (IAT) code, most businesses are not using the service due to three main reasons:Complying with the IAT rules is an added expense. These days, businesses are focused on decreasing..
ACH Volumes Continue to RiseAccording to NACHA, there were 20.2 billion ACH transactions totaling $33.91 trillion processed in 2011. This represents an increase of 4.35% compared to 2010.Three types of transactions were responsible for most of the growth volume. First are “native”..