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Automated Clearing House (ACH) payments constitute an electronic funds-transfer system that facilitates the movement of money between bank accounts within the United States. This system, governed by the National Automated Clearing House Association (NACHA), processes large volumes of both credit and debit transactions. These transactions include direct deposit, payroll, and vendor payments. As the digital […]
Automated Clearing House (ACH) Integration APIs are a technological bridge simplifying the way businesses manage electronic payments. They serve as a crucial element in modern financial operations, allowing companies to seamlessly connect their payment systems with banking networks. ACH payments, processed through this network, include payroll direct deposits, recurring bill payments, and peer-to-peer (P2P) transfers. […]
Using ACH APIs for Efficient Automated Payments
Leveraging an ACH API for Seamless Payment Integration
2021 ACH Transaction Volume
As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. The rule requires the originators (and third party service providers) to protect bank account information unreadable when it’s stored electronically. Basically, the sensitive bank account […]
Disrupting the ACH and Credit Card settlement and funding process via a Funding Report
An ACH API integration enables a business or SaaS platform to automate ACHpayment processing and reconciliation. Any business that accepts recurring payments should leverage the ACH network for 2 compelling reasons:
ACH API Case Study:
Call center payment processing varies from organization to organization in terms of how it is managed, but the most used methods are from one of the following methods: