What's ACH?

ACH, or Automated Clearing House, is the technology that processes electronic financial transactions between all banking and financial institutions throughout the U.S. and is governed by Nacha. Within the network, ACH payments are composed of two electronic payment types: ACH debit (e.g., bill payments) and ACH credit (e.g., direct deposits such as refunds, government benefits and more). 

Customer expectations and demands constantly change. We live in a digital age where customers value seamless, convenient and flexible experiences that allow them to pay wherever they are and however they want. According to McKinsey, over three-quarters of Americans use digital payments, including contactless in-store purchases, browser or in-app online payments and person-to-person payments. 

Most people dread tax season, a typically chaotic time when we scramble to get our documents organized in a timely and accurate manner. Some of us get them done quickly, while others wait until the last minute.

It has been nearly a year now since many businesses left the office in response to COVID-19. Since then, all business leaders have been trying to figure out how to improve their processes and operations while their workforce continues to work remotely.

One of the biggest hurdles that many B2B companies face is the ability to accept and process payments quickly. 

Savvy B2B business leaders are turning to ACH as a solution… but is that the right solution for your company? Read on to learn why ACH is better...

For companies and collection agencies, keeping track of the amounts owed can end up giving you a headache. Chasing amounts owed in terms of fees, payments, and rents are time-consuming and stressful, so you may be wondering, “What is ACH Collection, and is it a valid solution for my company?”

If you are just starting as a collection agency, then you realize that you have a number of methods to collect payments. One of those methods is payments through Automated Clearing House (ACH) payments. ACH is a government-regulated electronic network through which financial institutions can transmit funds between each other. The process is similar to taking payments through credit cards, except that senders and receivers use bank routing codes instead of 16-digit credit card numbers.