Today’s technology-driven world moves quickly, and consumers expect their payment options to keep up. Automated Clearing House (ACH) payment processing provides a speedy, simple and secure way for consumers to make payments while also providing an alternative to paper-based and card transactions. ACH processing makes it easy for businesses to satisfy their current customers whilst attracting new ones with convenient and flexible electronic payment options.
ACH payment processing is a federally regulated network designed to allow US-based financial institutions to send funds electronically. This electronic payment network is headed by the National Automated Clearing House Association (NACHA), and managed by the Federal Reserve and Electronic Payments Network.
ACH payments processing can be considered the electronic counterpart to a paper cheque. Just as with traditional payment methods, users will provide their bank routing and cheque account details—the only difference is the verified payment will be sent immediately and electronically through the ACH system.
The most common types of payment that businesses use ACH for include direct deposit for customers and/or employees, direct bill payments (including loans, rent, or mortgage), business to business transactions, and e-commerce purchases.
It is critical that businesses put proper precautions in place in order to safeguard themselves and their customers from fraud and electronic data theft. Transact24 fully adheres to PCI DSS standards, which ensures that all merchants, business clients, and customers benefit from the highest levels of security available.
If you would like to learn more about how ACH payment processing from Transact24 can help your business, please contact us and one of our sales representatives will provide you with all of the information you need to get started.
Contact us by phone, email or the contact form provided on our website and we will be in touch within 24-48 hours.