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Monthly Archives: January 2010
Check 21 – Technology in Banking
Check 21 is the short name for the Check Clearing for the 21st Century Act. This law was enacted in October 2003, going into effect one year later. It is the law that allows recipients of checks to create a … Continue reading
ACH – Financial Access for the Internet Age
ACH stands for Automatic Clearing House. It is a secure, private, nationwide system created specifically for electronic funds transfer (EFT). This system provides for the exchange of information between banks and other financial institutions. It uses the Federal Reserve Banking … Continue reading
ACH Processing – The Bottom Line Advantage
The ACH network connects financial institutions nationwide. Transactions are regulated by NACHA and the Federal Reserve Banking System is its mechanism for the transportation of funds. It is one of the most secure ways to move money from one account … Continue reading
Online Payment Processing – The Safety of Online Shopping
It seems that everyone has a web site of their own. Home-based businesses have sites that are informative and professional. Many popular brick and mortar businesses also have an online presence. Everyone encourages you to make a purchase at their … Continue reading
Posted in ACH, Checks, Credit Cards, EFT, Uncategorized
Tagged online payment processing
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ACH Check Processing – Taking the Check Out of the Mail
We have all heard the phrase “The check is in the mail”. In most cases this is a sarcastic way of saying that something is probably not ever going to happen. In the past, people used checks as a reliable … Continue reading
ACH Regulations – Being a Rule Breaker Can Cost You
If you as a business owner decide that you would like to accept ACH payments, then it is important that you become aware of and strictly adhere to the ACH regulations that govern all transactions. Knowing these rules and regulations … Continue reading