As with any type of financial transaction, such as checks, credit cards and debit cards, various security measures must be used with ACH to ensure against fraud. These are required by NACHA (the National Automated Clearinghouse Association), the organization that administers ACH payments.
Payroll can be time consuming and cumbersome. It can easily take your time and the time of your top managers away from more productive pursuits such as developing and selling new products. Here are five suggestions to simplify and streamline your payroll process and ultimately help your bottom line.
Imagine this: You’re a business owner. The end of the month is drawing near, and you still haven’t received a monthly payment from several of your customers. You begin sending out additional invoices and placing calls in hopes of receiving a payment the same day or, at the very least, by the end of the […]
Do you know why you should use ACH for your business? In this blog post we share several benefits of using ACH and partnering with a processor like VeriCheck.
ACH payments are quicker and more reliable than paper checks. When a customer sends a check for payment, the business must wait for the mail to come, […]
An electronic check is an electronic payment funded by the buyer’s bank account. Electronic checks use information found on the buyer’s check to carry out an electronic funds transfer. They can thus be processed through the ACH (Automated Clearing House) system.
Electronic checks are processed similarly to paper checks and are governed by the same laws […]