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.
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 month. […]
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, […]
Companies that are unable to collect payment from their customers have to turn to their cash reserves or to seek outside financing to make ends meet. This means less cash is available to help you grow your business. Dealing with accounts receivable is one of the best reasons for a small business to hire a payment processor that provides ACH solutions.
ACH (Automated Clearing House) is a nationwide computer-based network that electronically processes financial transactions between institutions such as banks that participate in it.
Through the use of ACH, businesses and individuals are able to pay their employees, make payments to vendors, pay insurance premiums and mortgage loans, and engage in all sorts of other transactions. ACH […]