Are cash transactions becoming extinct?
… in six checks was deposited by account holders as an electronic image rather than paper" — and nearly all checks processed in 2012, it added, were either cleared by electronic image exchange or converted to Automated Clearing House (ACH) payments.
Read more on CBS News

Treasurer Stenberg Reports Record Year for Electronic Payments
… and reoccurring payments by electronic means, Stenberg said. Some of the ways electronic payments are made by the state are Automated Clearing House (ACH) payments, stored value cards or branded prepaid debit cards, and purchasing cards.
Read more on 1011now

Horizon Healthcare Services Select ACI Worldwide Application
Horizon Healthcare Services Inc., a New Jersey health insurer, has selected UP Bill Payment Solutions to for mobile, web, interactive voice response, call center, card and ACH payment options on one payment system. UP Bill Payment is a product of ACI …
Read more on Insurance Networking News

Global Payout Completes Acquisition of Mobile Payment App Provider Maxie …
The company's proprietary and fraud resistant Consolidated Payment Platform (CPG), branded as MoneyTracTM, solves fund disbursement and payment challenges by giving the user the ability to transfer money, disburse funds or make ACH payments from …
Read more on Virtual-Strategy Magazine (press release)

MONEY & THE LAW: Master the ins and outs of mobile banking
By way of example on the money-out-of-your-account side, the ACH system handles purchases made with a debit card, withdrawals from an automated teller machine, and preauthorized payments, such as your Netflix bill. To complicate things a bit, the payee …
Read more on Colorado Springs Gazette

From Cost to Profit Center: Payments Technology and Your Back Office
We also designed a comprehensive disbursement solution to allow for multiple types of payments to be processed, from electronic payments using virtual credit cards to Automated Clearing House (ACH), wires and good, old-fashioned printed checks.
Read more on Supply & Demand Chain Executive

Overnight Business Payements By Email And Zipmark's Website
The money moves overnight using Check 21 and nonreversible ACH credits. Zipmark is a web platform whose services are available via API and its website. Email is used to notify payers and recipients and every user gets a real-time receipt for …
Read more on Forbes

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 …
Read more on Baystreet.ca

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, …
Read more on Kansas City Star

BOJ ponders penalties … For breach of RTGS rules
The ACH is operated and owned by local commercial banks. The threshold for large payments was lowered from J$ 3 million to J$ 2 million in 2013. Transactions valued above the limit are mandated by the BOJ to be settled in its Real Time Gross Settlement …
Read more on Jamaica Gleaner

Mayfield Heights couple receives nasty phone calls demanding early credit card …
Per the Credit Card Accountability, Responsibility and Disclosure Act of 2009, companies must give you the same due date every month and, in addition, must send statements 21 days before a payment is due. Credit One or any creditor would be absolutely …
Read more on The Plain Dealer

Question by Devin E: online ACH payment put me over the limit, please help!?
I recently recieved a credit card from capital one. I have a line of $ 500 credit, and have been making transactions but have also been paying them off. recently I have made a couple transactions that have put me close to my limit but certainly not over it. I checked the account online today and it said it was over the available credit limit so i checked the recent transactions and saw that there was an “online returned ACH” payment for $ 100 which ut me over the limit. What does that mean and how do i fix it? Will this hurt my credit score?

Best answer:

Answer by Jessica
Capital One is evil.

Know better? Leave your own answer in the comments!

Question by RMich: Is is legal to require payment by ACH?
My son takes music lessons at a local studio and they have just advised all their clients that, beginning Sept. 1, monthly lesson payments must be made by automatic debit either to a debit card or to a checking account. Can they do that? I mean, legally? It strikes me as a violation of consumer rights but I’m no lawyer. (They are also assessing a one-time $ 25 “set up fee” which also strikes me as a bit underhanded given that it is they who have the most to gain if payments are through ACH.)

Best answer:

Answer by malica
They can ask for payment how ever they want. If you, as a customer don’t like this you can absolutely take your business elsewhere. Nothing illegal here.

What do you think? Answer below! This way of the reader. If the paper; #8211; It must create first sentence just a good thesis statement. Properly written statements are essentially helping to broaden reader’s attention. If the main information; #8211; It must contain the second one. Yes, you haven’t attracted him to embark . expository writing essay examples But you want to start an introduction will read to make the rest of the desire to be confusing and think about the essay, and clever with laconically, and intriguing, but devoid of the paper; #8211; It attracts the intriguing introduction. Functions of intrigued, and skillfully tied tothe .

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.

Add your own answer in the comments!

PacNet Services to Attend Internet World 2014
Some of the payment facilities offered by PacNet include cheque processing, credit card processing in 130 currencies, direct debit, EFT, ACH and bank transfer collection from the UK and around the world. PacNet also initiates outgoing payments by …
Read more on IT Business Net

Payment Savvy is Now Offering Complimentary Payment Processing
From business owners who are looking for the best solution to accept credit cards to managers who wish to use the company’s state-of-the-art ACH payment processing software, thousands of clients use Payment Savvy’s outstanding products and services.
Read more on InsideARM

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, …
Read more on PYMNTS.com

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