- Anonymous9 years agoFavorite Answer
A lot of businesses and organizations depend on the ability to receive and process Automated Clearing House (ACH) payments. The ACH system is an electronic funds system that transfers monetary payments. For example, ACH debit payments are often made as people pay for various things such as club dues, insurance payments, contributions to retirement accounts, mortgage payments, tax payments, donations to charities, telephone purchases and online purchases. In fact, the total amount of ACH payments last year was more than $14.98 billion and the amount continues to go up every single year. If you have a business or organization and if you think you want to receive ACH payments, you would have to find an ACH processor that could achieve the following things.
For example, if you wanted to receive ACH payments, you would want ACH processing so that you can make an ACH transfer that makes sure that you receive payments in a consistent and reliable manner. You would want to be able to receive any type of payment that people might make in the payment process.Source(s): http://www.achprocessingonline.com/ach.php
- Anonymous9 years ago
Automated Clearing House (ACH) is a process of electronic networking for financial transactions. It is used the United States ACH balance transfers include direct deposit payroll and vendor paymentsSource(s): http://www.nationalprocessing.com/