Automated Clearing House (ACH)
What is ACH?
An Automated Clearing House (ACH) Payment is a form of electronic funds transfer that provides a secure, efficient method of receiving payment through the ACH Network. The ACH Network is a batch-oriented processing and delivery system that provides for the distribution and settlement of electronic transactions and payments among financial institutions.
What are the benefits of ACH?
⇒ACH payments offer the following benefits:
⇒Eliminates the handling of paper checks
⇒Reduces any payment problems due to lost, stolen or misdirected checks
⇒Eliminates mail delays
⇒Provides for greater payment certainty for cash planning
⇒Provides an opportunity to electronically update and streamline your cash application and receivables operations
What is ACH Processing and how can it help your business?