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Lastest ACH Payment News

PayStand Out of Beta And Ready To Take On PayPal
PayPal and PayStand accept both credit cards and (ACH) payments in the form of eChecks and Dwolla transfers, but PayStand takes the game to a whole new level by driving consumers toward bitcoin transactions. PayPal also revealed new plans. Click here …

MyECheck to Provide Fully Electronic Check Services to VX Gateway
About MyECheck MyECheck Inc. is a leading electronic payment technology developer providing a new electronic payment method that is replacing cash, paper checks, credit & debit cards, and ACH "e-check" payments. MyECheck operates under license to …
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Will my bank bounce my ACH payment?

Question by Pzoff: Will my bank bounce my ACH payment?
Say I have a bill due for $ 100 tomorrow and I deposited that same amount yesterday. Tonight, I checked my bank balance and the “balance amount” is $ 100 but the “available amount” is only $ 80. Considering I have no outstanding/pending checks ‘out there’, etc., will I get slap with a non sufficient fund morning when other bank decides to withdraw my money for payment via ACH or will I be okay because I would have enough fund to cover the payment?

Best answer:

Answer by CandaceShelle
You need to base it off of your available balance because something has claimed that 20 dollars in your account so you will not have the funds in there to cover the ACH payment. Contact your institution and ask them what the 20 dollar hold is on your account and see about depositing the 20 dollars in there ASAP to cover the ACH transaction.

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Woman Must Arbitrate Payday Loan Claims

Woman Must Arbitrate Payday Loan Claims
… deposit payday loan proceeds or debit payday loan payments from customers' bank accounts in states where the loans are illegal and unenforceable without defendants' willingness to allow the illegal online payday lenders to access the ACH Network …
Read more on Courthouse News Service

Are e-checks a safe way to pay for travel?

Are e-checks a safe way to pay for travel?
E-checks come in two basic flavors: Check21 electronic payment processing, which is more flexible but also more expensive, and the more restricted ACH wire deposit payments, which are commonly used for handling direct deposits for employees and for …

A guide to breaking up with your bank
Some examples of bills to watch for: utilities, credit cards, loans, gym memberships and payments that may come up once or twice a year like charitable donations and insurance payments. Move over whatever cash is left. … Transfers from one financial …
Read more on Washington Post

Digital Commerce & Payments Update

Digital Commerce & Payments Update
The order similarly restricts the bank's activities related to credit card merchant acquiring and ACH merchant payment processing. The order does not prohibit the bank from issuing prepaid cards through existing distribution channels under existing …
Read more on JD Supra (press release)

MyECheck Announces New Agreement to Expand Business with Simplifile
MyECheck's fully electronic check service allows Simplifile to collect payments from customer accounts that cannot be debited by ACH, such as certain escrow accounts and government account. As a result of using MyECheck's technology side by side with …

Photo gallery: Entertainment July 29
Be sure to include your name, daytime phone number, address, name and phone number of legal next-of-kin, method of payment, and the name of the funeral home/crematory to contact for verification of death. For more information about placing obituaries, …
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Real-time payments: coming to America?

Real-time payments: coming to America?
Banks are pretty consistent in their defence of the status quo: “ACH in the US is pretty darn effective,” said the payment executive at a major bank in an interview, noting that with ACH, Fedwire, cards and wires, users have a good range of choices. “I …
Read more on Banking Technology

How to stop ach payday loans
Halal food is the best food for your health. However, as a member of UCU? Stay away from this place. If you have a mortgage on your home, payment is due upon registration? If you are having difficulty making payments and want to see which options fit …
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Aptys Solutions Adds Industry Veteran Rose Davis to Senior Management Team
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, …
Read more on MarketWatch

ACH Payments?

Question by Adam: ACH Payments?
I am building a website that allows tenants to pay rent online to landlords. I am operating as a portal I do not want to hold on to any money but want to apply a small fixed fee to each transaction. I am trying to build it right inside of the site. If anyone could point me in the right direction. I found Dwolla but they want each person to leave the website. I am not interested in these pre existing rent sites that charge a high rate.
Thank you

Best answer:

Answer by falsi fiable
A very bad idea! You should find a merchant processing portal that passes back payment confirmation to your website. Charging tenants a fee is most likely illegal. Why would anyone use your portal?

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AP financial audit, utility credit top meeting

AP financial audit, utility credit top meeting
The ACH system automates the billing and payment collection process. “As we continue to grow, we look forward to implementing some of the long-established technologies for billing,” he said. “This improves our efficiency to process payments and …
Read more on Highlands Today


Finance Director
Submit and maintain automatic ACH payments from members. • Maintain Petty Cash and reconcile. • Track revenue and expenses for all major events and work with event lead to ensure accurate reporting; balance smaller events with Membee reports …
Read more on Binghamton Homepage


Lastest ACH Payment News

Where Flexibility Can Help, And Hinder, B2B ACH Growth
Through NACHA's help, the nation's automated clearinghouse (ACH) network for decades has supported payments plus information, meaning businesses can include addenda data to B2B payments. The association, which oversees the U.S. ACH system, …

Real time payments coming soon … or not?
"Near real-time" payments are acceptable in situations such as corporate disbursements, e-commerce payments, and expedited bill payment. ACH batch-mode processing will always be acceptable in some payment scenarios (such as payroll), while in others …
Read more on Mobile Payments Today

Pros And Cons Of Electronic Card Processing

Electronic card processing has its advantages and drawbacks like any other type of business. Unfortunately, not all business managers are aware of these lists of pros and cons of accepting credit cards, and they often times make the wrong choices when deciding to sign or not to sign up for such merchant options. Below you will find brief descriptions of the pros and cons so you can make an informed decision next time you are faced with one.

Benefits Of Accepting Merchant Accounts

You will get to enjoy an extra degree of security as compared to working with cash only. No more large amounts of cash lying around in your drawer, tempting robbers or employees. Also, no more risk of having your employees give out the wrong change to clients. Merchant accounts will also enable you to boost your sales due to the fact credit card orders are known to be larger than cash orders. The faster your checkout line, the faster you will be able to accept payments completed through credit cards. There is also the possibility to save some more money by actually accepting credit card payments as opposed to cash, and this is always good for the business. Another thing that is highly recommended for any business that uses communication systems to boost sales is the VoIP Addsource option. Managers can obtain bigger ROI rates and better communication options and we invite you to check out their full offer for a better insight into their work.   


Drawbacks Of Credit Card Processors  


Accepting credit cards will automatically increase the risk of credit card fraud over the internet; it will also generate costs attached to accepting credit card transactions, and there is always the risk of a chargeback. As long as you will respect the rules of the credit card companies you will be accepting, you should have no problems. However, keep in mind that consumers are prone to receive more protection when using their credit cards to make a payment in one of your stores, and they are known to win most disputes against merchants.