Category Archives: Uncategorized

ACH Processing – Transaction Participants

The term ACH processing refers to the way business-to-business, electronic funds transfers, state and federal transactions are completed through the Automated Clearing House. There are several central clearing facilities in which this processing takes place. The Federal Reserve Board, Visa, … Continue reading

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Payment Processing – Selecting the Right Vendor for Your Business

Small business owners are often apprehensive about accepting credit cards. They believe that the payment processing fees and equipment will be too expensive. However, these are not the only concerns. There are many different companies that offer these services. Banks, … Continue reading

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Check 21 – Check Processing for the 21st Century

We are in the midst of what has been called the electronic age. The mainstream acceptance of the Internet has enabled information to flow freely and quickly. From email and chat being used to keep in touch with friends and … Continue reading

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EFT Processing – The Electronic Check Advantage

Electronic funds transfer is defined as any transfer of funds that occurs in a paperless manner. This includes that transactions that take place at a point of sale system in a retail store, as well as transactions that take place … Continue reading

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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

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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

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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

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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

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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

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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

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