Category Archives:ACH Payment
High Risk & Low Risk Merchat Services

PacNet Services to Attend Internet World 2014

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

How long does an ach payment take to clear your bank account?

Question by gdavison: How long does an ach payment take to clear your bank account?
I payed HSBC and their records showed $ 34.00 was taken out on 08/19/08 but my own bank has not shown the deduction yet. I am pretty sure HSBC got paid because their records show standard payment. I am thinking that my bank took $ 34.00 out of someone else account or they goofed and lost it. Local branch customer service said wait tell Monday.
Update. My bank told me to wait a couple of more days. I am tired of waiting. I did call HSBC, they actually have the money. So, I am wandering if the Federal Reserve lost it or my bank lost it.

Best answer:

Answer by AIDAN’S MOM
HSBC has processed the ACH on there end, you should see it come our of your account in a couple of days. I wouldn’t worry just yet, if it is not out by Monday I would call them and double check what account number they w/d the funds from.. just to verify.

Add your own answer in the comments!

How long does ACH payments take?

Question by Beautiful Girl: How long does ACH payments take?
My boss said he sent the check out thursday but i thought i would see it in my bank account today , but its not there

Best answer:

Answer by Kevin Campana
– Standard funding time is 4 days. ACH Processing is very different from credit cards in this respect. The ACH transaction proceeds as if the customer has the funds in their bank account but the customer bank has to “report” to us the money was actually in the account and that is has officially been transferred. This can take 3 days.

Know better? Leave your own answer in the comments!

The Real-Time Payments Revolution

The Real-Time Payments Revolution
In spite of the clear need for a ubiquitous faster payments system in the U.S., in August of 2012, NACHA failed to pass its Expedited Processing and Settlement (EPS) program to change the network rules. This would have expanded same day ACH …
Read more on Banktech

Bank says ZeekRewards settlement key to its survival
TPPP-TX, along with at least 22 Internet payday lenders it had as clients, were able to make authorized and unauthorized debit withdrawals from customer accounts through the ACH (automated clearinghouse) electronic payment network. As a result, the …
Read more on Winston-Salem Journal

Physicians' Rights Regarding Electronic Funds Transfer Focus of CMS Update
Fast forward to a recent CMS administrative simplification e-mail update directed to Medicare participating physicians in which CMS urged physicians to consider receiving EFT payments through the Automated Clearing House (ACH) Network. The ACH …
Read more on AAFP News Now

nProtect Exhibiting at PAYMENTS 2014 in Orlando

nProtect Exhibiting at PAYMENTS 2014 in Orlando
'The PAYMENTS conference is presented by NACHA – The Electronic Payments Association, the recognized leader in payments system education. NACHA manages the development, administration, and governance of the ACH Network, the backbone for …
Read more on DigitalJournal.com

Short Payday Lenders: DOJ/CFPB Out For Blood
Without warning, banks that hold depository, ACH, and operational accounts for payday lenders began telling those clients to take their business elsewhere. Cash America International (CSH), First Cash Financial Services (FCFS), EZCORP (EZPW), DFC …
Read more on Seeking Alpha

Moorestown Residents Can Now Pay Taxes, Utility Bills Online
At this time, e-check and credit card payments are only accepted online, credit cards and e-check payments cannot be made in-person at the Township office. All ACH, e-check and credit card transactions are charged a convenience fee of $ 1.05 per ACH or …
Read more on Patch.com

What is an ACH payment?

Question by d man: What is an ACH payment?
I am wanting to set up a high and free checking account and one of the monthly requirements is to have at least one direct deposit or ACH payment. What is an example of an ACH payment. Would a payment like netflix be considered an ACH payment.

Best answer:

Answer by doreen k
If you arrange for your Netflix monthly subscription fee to be automatically debited from your checking account, then that would be an ACH (Automated Clearing House) payment if you set it up that way. If you instead provided your debit card number, then that would NOT be an ACH payment.

ACH payments can be used for things like automatic payments to insurance companies, utility companies, etc. When you make these arrangements, just be sure to request an ACH or automatic checking account payment, using your routing and transit number and full account number (as it might appear on the bottom of your checks, assuming you have paper checks printed for your checking account). Again, do NOT provide your debit card number, as that would not be an ACH payment.

Give your answer to this question below!

Q&A: how can accept ACH payments ?

Question by Muhammad Kashif: how can accept ACH payments ?

Best answer:

Answer by Qasim
ACH Processing through National Processing can save you time and money with rates as low as
$ 0.12 FLAT! We can guarantee a lower rate if you are currently processing. Call our specialists today
at 800-720-3323 to learn more about our ACH services.

What do you think? Answer below!

Question about ACH payment?

Question by Kin: Question about ACH payment?
Im supposed to get an ACH payment, the payroll said they sent it out this morning and may take a day or two. So funds should be available saturday morning?

Best answer:

Answer by cainvest1
ACH payments only settle Monday through Friday at most banks. If they sent it today as a payroll day-cycle item it will credit your account tomorrow. If it was sent as a normal night cycle payroll item you will receive credit on Monday.

Give your answer to this question below!

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 …
Read more on album reviews site

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?
Hello,
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
Adam

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?

Add your own answer in the comments!