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ACH (Automated Clearing House) Payment Processing, ACH Payment Processing from Transact24

ACH Payment Processing

With technology moving at such a rapid pace in today’s world, consumers continue to expect more convenient and flexible ways to make payments. ACH payment processing can help with this, making it easier for businesses to expand their base of customers whilst satisfying their need for convenience and flexibility of payments – giving them another fast, easy and secure way for customers to pay.

ACH payment processing, better known as Automated Clearing House, is a federally regulated payment network that is designed to allow financial institutions based in the US to send funds electronically. Governed by the National Automated Clearing House Association (NACHA) and operated by the Federal Reserve and Electronic Payments Network, ACH payments provide an alternative to paper based and card payments.

How does ACH payment processing work

ACH payments processing is best thought of as the electronic equivalent to a check. Customers provide details of their bank routing or checking account and authorizes the business to withdraw or deposit funds from their consumer account. Transact 24 receives the transactions and is sent electronically through the ACH system.

The types of payment that Businesses use ACH for commonly include direct deposit options for customers or employees, direct loan, rent, mortgage or bill payments, business to business transactions, and even e-commerce payments.

What are the benefits of ACH payment processing

Transact24’s solution offers a wide range of ACH benefits for businesses over alternative, non-electronic methods of payment methods.

  •  Business can increase your customer base by making it easier for those who are without credit or debit cards to make efficient, secure payments
  •  Reduce costs of standard and late payments, all whilst improving convenience for your customers with recurring billing and e-invoicing options
  •  Save money and time by reducing the hassle and cost of paper-based check processing

Protect your ACH payments from fraud with full-PCI Compliance

Electronic data theft is an increasingly complex problem, making it more and more crucial for businesses to put in place the proper precautions to safeguard themselves and their customers from ACH fraud. Transact24 fully adhere to PCI DSS standards, ensuring the our customers benefit from the highest levels of security available to the payments sector, protecting our merchants, business clients and their customers from such fraud.

Find out more about ACH payment processing from Transact24

If you’re interested in learning more about Transact24, B2B ACH payment processing, ACH facts and ACH statistics, and how it can help you and your business, please get in touch and one of our sales representatives will be on hand to provide you with all of the information you’ll need to get started with us.

You can contact us in a number of ways; By phone, email or using the contact page provided on our website and one of our representatives will be in touch within 24-48 hours.

Getting started with ACH Processing from Transact24 is simple. Just drop us a line using our contact form and we’ll be in touch to get the ball rolling

Contact Us

Getting started with ACH Processing from Transact24 is simple. Just drop us a line using our contact form and we’ll be in touch.


ACH Processing FAQ

ACH (Automated Clearing House) processing is a means of electronic payment method that allows for funds to be transferred between savings and checking accounts. The ACH network processed $4.7 billion transaction in Q1 of 2015. Hundreds of thousands of companies process all manner of payments, including direct deposit payroll, insurance premiums, Federal government social security payments, loans, mortgages and utility bills via the ACH Network. The ACH network has been around for over 40 years and has proven in this time to be an extremely reliable, safe, secure and private payment processing network. It was initially setup as a more convenient and cost-saving alternative to paper-based checks.
ACH processing works similarly to electronic checks (eChecks) however, where they differ is that an ACH payment transfers funds from one bank account to another, via debit or credit, which can be setup for recurrent billing, whereas an eCheck is limited to a one-time electronic payment method.
ACH processing is ideal for corporate companies that need recurring payments, such as monthly billing, memberships and other subscriptions. This makes it particularly beneficial as a payment method for numerous sectors, particularly healthcare, the public sector, financial institutions, utility providers and property management companies.
Yes, Transact24’s ACH processing solution supports WEB, PPD and TEL initiated transaction.
The period related to the settlement of funds is dictated by the various banks T24 has partnered with.
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