Banks have long offered online bill payment for free as an enticement to attract new consumers and reward existing ones. But, the service takes money to maintain and the banks are looking for new ways to handle the service. Consumers used to receiving the service free are loath to pay fees for..
In a transformation as profound as that from pony express to email, Check 21 legislation enabled the deposit and clearing of all types of paper checks -- including business to business checks -- through electronic image transfer. Payroll, corporate, commercial, treasury, travelers and consumer..
When automated teller machines first arrived on the market years ago, using them was like magic. Put in a card, take out the money, and have immediate cash in your pocket. It was kind of like going to a money tree.With the rapid advance of debit cards, automated teller machines are quickly..
Low Rates for High Volume ProcessingACH payment processing for low risk businesses types is strictly a volume driven business. High volume low risk ACH customers include utilities, education, insurance, property management, car payments, and any other business where the chance of a customer..
Authorization for Online ACH ProcessingACH payment processing authorization is required with specific language that authorizes a merchant to process an electronic payment ACH debit transaction on behalf of the consumer. This provides a sample ACH authorization and confirmation for merchants that..
An international payment via ACH refers to a credit or debit entry that with a financial entity located outside of the jurisdiction of the US.Typical uses for international ACH are:Payroll. For example, a US or multinational company has employees working and living offshore. The US companies..