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