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The Working and Nature of ACH Processing

Radiant pay the leading global payment processing services in London U.K offering ACH and Check Processing Services to all types of E-commerce Businesses. Affordable Merchant Check Processing Services. ACH check processing basically allows you to charge your client's checking account, whether or not the check is present.

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The Working and Nature of ACH Processing

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  1. The Working and Nature of ACH Processing The term ACH stands for “Automated Clearing House” a simple secure and affordable way to process data and electronic transaction from one account to another bank account. ACH introduced to make payment processing easy, efficient, quick and to reduce the overheads cost. ACH works on electronic network monetary transaction in U.S.A ACH has many benefits over traditional method of payment processing, easy to process large volumes of credit and debit transaction in batches. The ACH services are used to collect payments and settle funds via the ACH networks.

  2. Working of ACH 1. An Originator– the Corporation, business entity and individual start either direct deposit or direct payment transaction using the ACH Network. ACH transactions can be either debit or credit payments and commonly include Direct Deposit of payroll, government and Social Security benefits, mortgage and bill payments, online banking payments, person-to-person (P2P) and business-to-business (B2B) payments. 2. huge paper work is avoided ACH proven best alternate option for paper checks, ACH entries are entered and transmitted electronically, making transactions quicker, safer and easier.  3. The Originating Depository Financial institution (ODFI) enters the ACH entry at the request of the Originator.  4. The ODFI aggregates payments from customers and transmits them in batches at regular, predetermined intervals to an ACH Operator.  5. ACH Operators (two central clearing facilities: The Federal Reserve or The Clearing House) receive batches of ACH entries from the ODFI. 

  3. Contact us Contact Person – Patrick Danial E-mail – support@radiantpay.com Phone no. - +44 2081330322 URL - http://www.radiantpay.com/checkprocessing.html

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