For the past 20 years predictions have been that the check is dead.  And yet, in 2010 paying by check is still very much alive.As the younger generation matures, checks may disappear.  But, there is still a large demographic today that prefers to pay by check.The preference for paying by check..

Merchants that accept electronic checks realize significant advantages:Increase sales.  Providing multiple payment options results in a sales lift for each from each option.  When a merchant offers electronic checks in addition to cards, sales increase up to 29%.Decrease processing costs...

For billiers, ACH payments improve cash flow predictability, builds consumer loyalty, and saves time and money.For consumers, ACH payments are a convenient way to pay bills & simplify financial management.Top Facts About ACH for Bill PaymentsACH payments are the electronic transfer of a payment..

Two EFT SystemsMost people think the Federal Reserve, a government regulated agency, clears all high volume monetary transactions flowing through the US system. In reality, though, there are two electronic funds transfer (EFT) systems.  One is run by the government.  The second is a private..

Accepting payments online is a huge money saver for property managers. An internet ACH electronic check payment is very inexpensive.  Particularly when compared to processing a paper check.Consider this.  Even if a company scans a paper check for electronic deposit via remote deposit capture,..

Overview of the ACH NetworkThe automated clearinghouse network is also known as ACH.  The ACH network is a highly reliable and efficient nationwide batch oriented electronic funds transfer system. ACH is governed by operating rules of NACHA which provide guidance for interbank clearing of..