Check recovery systems protect both you and your customers. When you think about how traditional checks are processed by merchants, you realize how many things can go wrong during the transaction. If a customers check gets lost in the mail, for instance, you may not realize that the funds are missing from your [...]
Archive for the ‘ACH’ Category
A lockbox is an account which cannot be touched. When youre running a business, its important to keep track of your cash flow so that you dont spend more than you really have. By saving cash in a lockbox, you protect not only your immediate business savings but also your clientss accounts. [...]
Electronic checking conversions allow you to move money around in your accounts and be more flexible when it comes to taking payments from your customers. In addition, checking conversions give you the convenience of budgeting your cash flow far more accurately. Yet is it worth the cost in logistics and time to update [...]
EFT software deals with Electronic Funds Transfers, a new process which incorporates the latest in cryptography technologies. It is now possible to transfer money directly from a clients account into your own with only a minimum of steps. In most cases, you can process an EFT transaction in a matter of six to [...]
Check 21 is a law that went into effect on October 28, 2004. It governs the hows and whys of using electronic check processing. If youre thinking about opening an ACH check processing account, its a good idea to learn about the Check 21 rules, especially in terms of how they apply to [...]
