ACH Origination

ACH Processing – offers a valuable, low cost benefit to a company and its employees by delivering a more efficient, cost effective, time saving way of delivering employee pay.

• Management of transactions between accounts at different banks
• Can be used for payroll processing, expense reimbursement, or other payroll expenses, collection and vendor payments
• Reduces the need for costly payroll checks and envelopes
• Transactions can be manually created, or imported from a payroll software
• Templates are created and saved for each batch
• Reports can be created, downloaded or printed containing batch information
• Employers have an extended window of 6 pm to transmit a batch for next day posting
• Eliminates stop payment fees and reissued checks due to lost/stolen checks
• Pre-authorized direct debits can be used to speed up the collection by increasing cash flow
• Can be set up as dual control
• The ability to set up recurring “set it and forget it” batches