ACH Blog

Posted by admin on Jul 18, 2013
payday loans, offshore, ach, high risk

Electronic Checks for LendersPayment processing for payday loans is getting more challenging to obtain. Yet, good accounts are still available for both US and offshore payday loan companiesThe Federal Deposit Insurance Corporation and the Office of the Comptroller of the..

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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..

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Posted by admin on Jul 23, 2012

Payment Processing for LendersPayday loan companies use ACH and Check 21 echecks services to process payments.  There are 2 types of accounts established for payday loan companies.First, ACH credits deposit the amount of the loan directly to the borrower’s bank account.  ACH credit accounts..

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Posted by admin on May 22, 2012

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..

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Posted by admin on Apr 17, 2012

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”..

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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..

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