ACH Payment Processing
Understanding ACH Payment Processing
ACH stands for Automated Clearing House and is a method to electronically transfer funds from one bank account to another. This method has been in use for more than 40 years and was introduced as an alternative to traditional money transactions through paper checks. It is more convenient, faster, secure and cost-efficient way to transfer funds.
ACH payments are under the control of the ACH network which is further monitored by the National Automated Clearing House Association (NACHA). NACHA regulates the electronic payments so that depositary financial institutions can become a part of the ACH network.
Who can Use the ACH Payment Processing Method
The ACH payment processing method can be used by both business organisations and governmental institutions. It can be used for payroll deposits and tax returns. More and more people are adopting the ACH processing because it is a safer way to set up recurring bills for loans, utilities and mortgages as compared to the traditional payment methods.
Contact Us for Information about ACH Processing by ACHProcessors
For further information on ACH payment processing, we welcome you to contact us. You can get in touch with us using the form on our contact us section. We typically respond back within 24 to 48 hours after receiving your message and provide all the relevant information on ACH payment processing required by you.