What Is ACH?An ACH merchant account is an excellent alternative to card payments, allowing you to capture sales from customers that do not have cards, are maxed out on cards, or simply prefer to pay with an electronic bank transfer. ACH rates are also often significantly lower than rates for..
What is an ACH Unauthorized Return?An unauthorized return for an ACH payment occurs when the originating depository financial institution asks for the amount debited from the bank account of the buyer to be returned to the account from which it was withdrawn.In most situations, the return is..
ACH Payments SoarSince the introduction of internet and telephone payments in 2001 and the advent of international payments in 2011, the ACH network put into place by the National Clearing House Association has expanded steadily.Today, over 20 percent of all electronic payments carried out in the..
ACH and Check21 echeck processing service for online money transfer companies. US customers can quickly and easily send payments using a direct debit from their bank account.The World Bank reports that money remittances were $436 billion in 2014 and will increase to $518 billion by 2016. The..
Decrease Processing Risk with ACH ProcessingOne of the reasons to choose ACH processing over credit card payments is the lower risk of fraud.To put matters into perspective, a report presented by the Federal Reserve in July 2014 illustrates the disproportion that exists between credit card fraud..
Changes to ACH Rules Move Merchants to EchecksAn essential indicator for ACH payments is that it requires constant monitoring is the unauthorized return rate. An unauthorized return occurs when an Originating depository financial institution (ODFI) debits the Receiving depository financial..