ACH Blog

Posted by NationalACH on May 14, 2012

The number of online shoppers who pay using a credit or debit card is declining.  While alternative payments, such as electronic checks, are increasing.  In 2008, 85% of internet shoppers paid for purchases with cards.  But, by 2014, only 70% will pay with cards.  Echecks give merchants a way..

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Posted by NationalACH 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 NationalACH 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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Posted by NationalACH 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..

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Posted by NationalACH on Mar 16, 2012
ACH, ACH processor, ACH processing, ACH payments,

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..

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Posted by NationalACH on Mar 07, 2012

What is RCC?RCC stands for remotely created checks.  Sometimes called bank drafts, a RCC is created, based on the bank account information provided by the consumer, and is presumed to have been authorized by the consumer.  However, a RCC does not bear the actual signature of the account..

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