Automated Clearing House, or ACH payment processing, is one of the oldest, most reliable forms of electronic funds transfer.
The last decade has seen ACH transactions soar, due to the advent of web-based ecommerce and consumer preferences for paying bills online.
ACH payments produce a bottom-line impact by generating new revenues and reducing payment processing expenses. ACH echecks are the most popular alternative payment method for US shoppers.
ACH transactions are popular for online bill pay. Any company that bills customers should have a website that enables customers to make payments.
ACH payments are particularly effective for recurring billing. Utility bills, car payments, insurance, health clubs, propriety management, internet services, and an array of other types of billers have long benefited from stabilized cash flows that result from using ACH recurring payments.