ACH PROCESSING

ACH processing is quickly becoming one the most efficient and cost effective ways to accept payment for products or services or issue credits such as a direct deposit. ACH stands for Automated Clearing House. This is the official term for what is known as an electronic fund transfer or more easily known as an electronic check. This process comes in many forms similar to credit card processing. APS can provide a variety of options to fit all your needs in the ACH processing industry from a small business to a large company conducting millions of transactions a month. To see what sets us apart from banks or other processors please click here: EXCEPTIONAL DIFFERENCES

CAPABILITIES

Automated Payments

Companies that have recurring billings to their customers can take advantage of either a single or an automated recurring transaction from their customers checking or savings account. This can be used to collect on receivables for your business or issue credits such as direct deposit. This process can be accomplished either through the DIRECTBilling or TRANSPORTER software or the VIRTUALTerminal.

Internet Electronic Checks

When companies sell goods or services on the Internet they typically provide credit cards for the only payment option. Having a credit card payment capability is needed but a business also needs to expand the payment options to their clients by offering an electronic check via our eCommerce Payments Gateway. This is not the same as using a debit card even though the money comes from the same account. The Internet electronic check is a much cheaper form of payment then a credit card and the funds settle quicker. This not only can increase potential sales but it can also add to the bottom line of a companies profits.

Electronic Phone & Fax Checks

This is the same as an Electronic Fund Transfer except the information is being gathered via a phone or a fax transmission. The payment is transmitted either through the DIRECTBilling or TRANSPORTER software or the VIRTUALTerminal.

BENEFITS

• Includes both debits and credits/direct deposit
• One-time or recurring payments
• Available through software, e-commerce or virtual terminals
• Timely funds settlement
• Less expensive then mailing invoices
• Less expensive then accepting credit cards
• Streamlines the billing process
• Reliable cash flow
• Online real-time reporting
• No per batch fees
• No monthly minimums
• No "Over Limit" phone call fee
• No long term contracts
• All payment systems have Level 2 purchasing compliancy