Automated Clearing House

businesses every day across America are realizing the benefits of automated payments. There are literally billions of electronic payments are processed each year by the ACH (Automated Clearing House) system. Since 1974, this national network has provided business and government agencies with a quick and inexpensive to move money.

In the same way that technology has impacted the way we live and work, so he changed the way we make payments. Increasingly, we choose to use automated payments rather than paper payments such as checks and bank drafts.

In 2004, there were a record 4.8 billion automated payments (4.5 billion people have been treated by BACS). 93% of automated payments are transactions generated by the mass organizations and businesses large and small and are: direct debits, used mainly to pay utility bills, life and general insurance premiums and various subscriptions direct credits, used primarily for the payment of wages, pensions and child benefits.

The remaining 7% consists of telephone inter-bank and bank payments online and regular payments.

Even with the best intentions, some customers will have difficulty to each monthly payment of your office on time. You can continue to spend a small fortune on complex billing and collection systems, or you can switch to one of the fastest growing methods for receiving monthly payments from your customers.

With proper authorization, you can collect money from customers in the bank one day, no matter where they bank in the U.S. (given the availability of funds). Forever Gone are the days of manual processing payments. No longer will you wait for a check by mail. No more printing or paper processing elements. No time, money and energy spent doing administrative things "old." And no more excuses for late payment.

These systems also include the use of Electronic Check recovery. If a check or pre-authorized payment is returned for insufficient funds, your transaction will be automatically resubmitted. Not only does this ability save you time and money, it saves you and your customer the embarrassment of collecting the NSF.

Virtually all companies can benefit from electronic payments, including health clubs, security companies, home and Internet service providers, leasing companies, insurance companies, Internet retailers, distributors wholesale, catalog companies, collection agencies, telephone companies, utilities in the city and many others. Your business is no exception.
What are the benefits of automated electronic payments?

Settlement Fund in a timely
Less expensive than mailing invoices
Simplifies your Billing Department
Built-in recovery of NSF items
Toll NSF
Cash reliable
Payment system tailored for your business
Internet Payment Solutions
Ability to take checks over the phone
Direct deposit of wages
Available Software
No cost of special equipment
No customer is too small

Imagine a future where all payments will be automated ... Companies will simply collect the money owed to them by electronic means to debit the bank account of their customers ... Welcome to the future.

"Automatic payments improves cash flow by eliminating the lag between billing and payment and reduces the cost of your order. It also prevents customers the hassle of writing and mailing checks. There was an increase of 100 % in the number of checks cut since 1992 due to growth in small-biz ... '

Enterprise Business Week / June 22, 1998