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..
ACH Processing for Electronic Funds TransferACH payments and wire transfers are the most commonly used methods of transferring funds electronically within the United States.Wire transfers are best suited for high dollar transfers must which must be sent or received quickly, within the same day or..
Pricing for ACH ProcessingThis article discusses the elements that are considered when setting rates for ACH processing. Rates for ACH payment processing are based on three main factors. Industry ClassificationMonthly Processing VolumesCustomer AuthorizationHigh Risk vs. Standard RiskCompanies..
What are ACH Payments?For over 40 years, ACH payments have been used for electronic funds transfer in the US. The ACH network began mainly as a way to pay large number of people with direct deposits from the federal government for benefit payments (such as Social Security) and for corporate..
If you have any questions that ACH payments are being embraced by US businesses and consumers, consider these facts from NACHA:The number of Automated Clearing House (ACH) Network payments exceeded 19.4 billion in 2010, an increase of 3.44% compared to 2009More than $37.4 trillion in ACH payments..
Accept Checks Online & Watch Your Sales GrowGet orders from buyers that are maxed out on cards or don't have cards. And many shoppers simply prefer to pay you with an echeck rather than a card.Here’s 3 more ways that high risk merchants wring out more profits with electronic check..