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Lastest ACH Payment News

PayStand takes on PayPal with a new e-commerce service that accepts bitcoin
PayStand accepts both credit cards and automated clearing house (ACH) payments in the from of eChecks and Dwolla transfers, but it is also making bitcoin a key element of its service, allowing merchants to deal directly in the crypto-currency if they …
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Pennsylvania District Saves 000 Annually with E-Payments
We now have more flexible payment options — ACH, AP Cards and electronic print check — and we like the fact that NVoicePay is proactive in following up with our suppliers" added DeAngelis. More information is available at nvoicepay.com. About the Author.
Read more on T.H.E. Journal

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 …
Read more on PYMNTS.com

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 …
Read more on Broadway World

MONEY & THE LAW: Master the ins and outs of mobile banking

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

What is the difference between an automatic draft (for online bill payments) and ACH payments?

Question by Genevie: What is the difference between an automatic draft (for online bill payments) and ACH payments?
I have recently set up a very basic savings account at my mothers credit union and yesterday when I called the credit union to ask if I could set up online payments to come out of this account, the teller told me that this account only accepts ACH payments. What does that mean?

Best answer:

Answer by Go with the flow
She might have meant ACH deposits only.
Like direct deposit from your employer.
All savings accounts I know do not allow debits to pay your bills.
For this, you would need a checking account.

*That’s the difference between a savings account and a checking.
If you could pay bills with a savings account, then there would be no difference between the two accounts.
They would both be called checking accounts.

Give your answer to this question below!

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!

Lastest ACH Payment News

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

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

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 …
Read more on MiamiHerald.com

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

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 …
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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 …
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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

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, …
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