Tag Archives: e-check

ACH Processing: A Reliable Way to Process Your Customers Payments

by on July 19, 2011 in AVP Solutions Merchant Info

You may have heard the term Automated Clearing House or ACH at one point or another while doing business. Processing payments is an essential component of obtaining daily profits both in store and online. ACH processing is one method available to your business. Incorporating one or many electronic payment forms into your consumer options can [...]

Electronic Funds Transfer: Providing a Convenient Alternative to Traditional Processing Methods

by on July 18, 2011 in AVP Solutions Merchant Info

Electronic Funds Transfer (EFT) is a convenient way to receive and send payments in non-paper form. It is an electronic process designed to exchange money between financial accounts. A funds transfer may entail one financial institution or many. Technology, a merchant account, and a processor combine to make this type of transaction handling possible. EFT [...]

Automated Clearing House: What Portion of Check Processing Do They Perform?

by on July 18, 2011 in AVP Solutions Merchant Info

Automated payments are sent through an electronic network for authorizations and funds transfer. Each transaction is sent to a clearing house which performs these processes. Processing transactions is the main purpose of an automated clearing house or ACH operator. Transactions are handled in batches and can be in the form of employee payroll, consumer purchases, [...]

ACH Transfer: Embracing Technology Driven Payment Processing

by on July 18, 2011 in AVP Solutions Merchant Info

Your company can use ACH or Automated Clearing House transactions for many purposes including paycheck direct deposit, local customer payments, and recurring bill pay. An Automated Clearing House is a network used by providers to process credit or debit transactions. All payments are stored in a batch file used for end of day processing. A [...]

Accepting E-Checks: Making the Switch to Electronic Transaction Management

by on July 17, 2011 in AVP Solutions Merchant Info

Technology has changed the methods for accepting various forms of customer payments both in person and online. E-checks are a particular advancement which can be very advantageous to your business. An electronic check is created by converting a paper check provided at an establishment. You may be questioning how a paper form of imbursement can [...]

Defining ACH Processing for Businesses

by on June 29, 2011 in AVP Solutions Merchant Info

Written checks are not the most efficient for businesses to accept payment or consumers to purchase items these days. Checks are not as convenient for payroll and business supply purchases. ACH processing has taken the place of written checks. Businesses now use this transaction method to provide payroll to employees, pay bills, and accept customer [...]