ACH Processing offers a wide variety of different types of transactions, including:
PPD – For merchants that have payments supported by signed written agreements, these pre-authorized ACH payments are used extensively by merchants collecting payments.
ARC – For merchants that wish to convert their Accounts Receivable checks electronically and collected via ACH (known as check truncation). This allows the merchant to benefit from the priority that banks typically place on processing electronic payments prior their regular paper check processing each day.
WEB – For merchants engaged in non face-to-face transactions through the internet, this provides a cost effective method to accept checks, thereby expanding the merchant’s customer base to those to consumers that either need or prefer to pay be check instead of credit card.
TEL – For merchants accepting inbound telephone orders and need to facilitate check payments in an efficient manner.
CCD – For corporate payments and transfers….
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