ACH Blog

Posted by admin on Dec 07, 2012
ACH, ACH credits, ACH debits, ACH processing, ACH payments

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..

Read More

Posted by admin on Sep 30, 2012
echecks, electronic checks, accept checks online,

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..

Read More

Posted by admin on May 22, 2012
International ACH Transactions Increased Demand but Slow Implementation

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..

Read More

Posted by admin on Apr 17, 2012
ACH Payment Statistics Prove Power of Electronic Funds Transfers

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”..

Read More

Posted by admin on Apr 04, 2012
ACH, ACH payment processing, ACH network, ACH transactions

The growth of ACH payments for electronic bill payment continues.  As paper check writing declines, ACH payments are on the rise.NACHA released its report for Q4 2011 ACH transactions.  WEB entry classifications for online bill payments rose 6.9% to 685.9 million transactions, compared to 641.5..

Read More

Posted by admin on Mar 27, 2012
ACH, ACH payment processing, ACH network, ACH transactions

Same Day Settlements Approved Yet Few Banks ParticipateFederal Reserve same day settlement for ACH transactions has been available for over a year.  However, very few banks have chosen to participate, making it extremely difficult for merchants to take advantage of quicker clearing of ACH..

Read More