ACH Processing
How the Automated Clearing House Network (ACH) Works
The use of credit/debit card processing has skyrocketed over the last decade. Accepting credit and debit cards through mobile phones, tablets and computers has made it extremely convenient for businesses to offer payment processing services saving them time and money. The Automated Clearing House Network (ACH) plays a crucial role in helping businesses provide secure…
Read MoreWhat are EFT and ACH transactions?
Most forms of consumer monetary transactions involve a collaboration of entities representing the consumer, business, banking/financial, and government sectors. The instrument form, payment application, and delivery technology have all evolved from the simple check or draft where an account holder issues a written order that authorizes the recipient to submit the instrument for payment. Thanks…
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