My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

ACH Processing Alabama

In today's hectic world, there is a lot of pressure to do things quickly, which means that electronic payments really do come in handy. Most people love to pay for things electronically, using debit or credit cards, money transfers, or e-cash systems like PayPal. Writing paper checks for payment is seen as old and archaic by many, and too time consuming and costly. Why leave such a paper trail when everything can just be tracked electronically? Despite the resistance, some people still prefer checks, so there are now ways that you can pay for things with a check electronically, called an e-check. The system used to process electronic payments is called ACH.
1. Local Companies
2. What is ACH?
3. Advantages of ACH
4. ACH Bounced Checks
5. Featured Local Company

1 . Local Companies

American General Financial Services
(334) 308-1393
632 Boll Weevil Cir
Enterprise, AL
B & G Enterprises
(334) 393-0846
408 E Hickory Bend Rd
Enterprise, AL
Clark Charles H Insurance
(334) 347-5731
1115 Boll Weevil Cir
Enterprise, AL
Compass Bank
(800) 239-5175
7925 Parkway Dr
Enterprise, AL
First Command Financial Planning
(334) 347-4238
1403 Rucker Blvd
Enterprise, AL
First Franklin Financial
(334) 347-5795
621 Boll Weevil Cir Ste 29
Enterprise, AL
Loomis-Fargo
(334) 308-1001
3477 County Road 617
Enterprise, AL
Paul Lynda Insurance
(334) 347-3276
806 Boll Weevil Cir
Enterprise, AL
State Farm Insurance
(334) 347-3276
Boll Weevil Cir
Enterprise, AL
Wells Fargo Financial
(334) 347-6138
N Point Centre 3 W Pt
Enterprise, AL

2 . What is ACH?

As already noted, ACH is the system used to process electronic payments such as electronic checks and bank account debits. The initials ACH stand for Automated Clearing House. The ACH system is only used in the United States and Puerto Rico. All other countries have similar systems, but they are named something different and are of course on different servers. Though the ultimate goal is to have the whole world on one uniform system (or at least ones that can interact well together), there are a lot of logistics problems with this.

ACH has a lot of advantages for certain businesses. Not only does it secure a payment much faster than a paper check, it does so with far less fees as well. Though credit cards and debit cards (or of course cold hard cash) are truly the quickest ways to pay, there are quite a few advantages to using ACH over them as well. We will get into those advantages in the next section.

It is also noteworthy, before we move on, to say that ACH is often used interchangeably with EFT, or Electronic Funds Transfer. Though they are similar in that money changes hands electronically, an EFT is generally done with a machine such as an ATM machine, or with the debit card payment machines you swipe your card through at a retail register.

3 . Advantages of ACH

ACH check processing is much easier than a paper check, which is perhaps the biggest advantage of one over the other. Not only does it take less time to process, but you also need far less manpower to process an ACH electronic check. Imagine if your business took nothing but paper checks – you would need either extra employees to sift through and account for them, or keep those employees longer (and risk costly overtime payments) in order for them to handle the paper checks in addition to whatever their regular duties may be.

There is also the cost of postage and/or mileage when dealing with paper checks. You will need to pay an employee to go and deposit the checks into your bank account, then wait for them to clear, or pay for them to be mailed to your financial institution. Both of these can be costly when added up.

There is also the cost and time it takes when a check is returned. If a check is returned, it could mean that you would overdraw your account and end up costing you more money than expected. Another great advantage of ACH electronic check processing is that you don't have to worry about counterfeit checks or forged signatures like you would with a traditional paper check.

4 . ACH Bounced Checks

Even though ACH electronic checks are processed electronically, it does not mean that some of the same risks involved with traditional paper checks don't still remain. The biggest of these risks is the possibility of bounced checks. Even if you run a check or payment electronically, this does not mean the money comes out automatically, like with an EFT (which is another reason the two acronyms are not always interchangeable).

With an ACH transaction, the money can still be in the account for 2-3 days, with the fourth or sometimes even fifth day being the one where the money will actually transfer from the customer's account to yours. Of course, the money will transfer from one account to the other as long as there are sufficient funds. If there are not sufficient funds after the processing period takes place, your ACH electronic check will promptly become a bounced check.

5 . Featured Local Company

American General Financial Services

(334) 308-1393
632 Boll Weevil Cir
Enterprise, AL
http://www.loansfast.com
Read more about ACH Processing

Regional Articles
- ACH Processing Alabaster AL
- ACH Processing Albertville AL
- ACH Processing Alexander City AL
- ACH Processing Andalusia AL
- ACH Processing Anniston AL
- ACH Processing Arab AL
- ACH Processing Athens AL
- ACH Processing Atmore AL
- ACH Processing Auburn AL
- ACH Processing Bay Minette AL
- ACH Processing Bessemer AL
- ACH Processing Birmingham AL
- ACH Processing Boaz AL
- ACH Processing Brewton AL
- ACH Processing Clanton AL
- ACH Processing Cullman AL
- ACH Processing Daphne AL
- ACH Processing Decatur AL
- ACH Processing Dothan AL
- ACH Processing Enterprise AL
- ACH Processing Eufaula AL
- ACH Processing Fairhope AL
- ACH Processing Florence AL
- ACH Processing Foley AL
- ACH Processing Fort Payne AL
- ACH Processing Gadsden AL
- ACH Processing Guntersville AL
- ACH Processing Haleyville AL
- ACH Processing Hartselle AL
- ACH Processing Huntsville AL
- ACH Processing Jasper AL
- ACH Processing Madison AL
- ACH Processing Mobile AL
- ACH Processing Montevallo AL
- ACH Processing Montgomery AL
- ACH Processing Muscle Shoals AL
- ACH Processing Northport AL
- ACH Processing Opelika AL
- ACH Processing Pelham AL
- ACH Processing Pell City AL
- ACH Processing Phenix City AL
- ACH Processing Pinson AL
- ACH Processing Prattville AL
- ACH Processing Scottsboro AL
- ACH Processing Selma AL
- ACH Processing Semmes AL
- ACH Processing Sylacauga AL
- ACH Processing Talladega AL
- ACH Processing Theodore AL
- ACH Processing Trussville AL
- ACH Processing Tuscaloosa AL
- ACH Processing Tuscumbia AL
- ACH Processing Valley AL
- ACH Processing Wetumpka AL
Related Articles
- Factors to Consider When Choosing a Merchant Account Alabama
There are several factors to look at as well as traps to avoid when choosing the best merchant account for your business. This article should help guide you in making the best choice for your business when choosing a merchant account.
- Bad Credit History Loans Alabama
- Getting a Car Loan Alabama
- Credit Card Processing - Top 5 Services Alabama
- Affordable Car Loans Alabama
- How To Find Accounting Jobs Alabama
- How to Avoid Downgrades Alabama
- Cheap Car Loans Alabama
- Payment Processor Alabama
- Credit Card Processing Alabama
Related Local Events
LECDA Meeting
Dates: 1/21/2010 - 1/21/2010
Location: Athens Limestone Hospital
Athens, AL
View Details
Limestone County Economic Development Assoc. Meeting
Dates: 12/17/2009 - 12/17/2009
Location: Athens Limestone Hospital
Athens, AL
View Details
Finance Committee
Dates: 12/9/2009 - 12/9/2009
Location: Chamber of Commerce (Morrow Room)
Tuscaloosa, AL
View Details
Limestone Economic Development Meeting
Dates: 11/19/2009 - 11/19/2009
Location: Athens Limestone Hospital
Athens, AL
View Details
Finance Committee
Dates: 11/11/2009 - 11/11/2009
Location: Chamber of Commerce (Morrow Room)
Tuscaloosa, AL
View Details
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History
Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
Copyright © BET Information Systems, Inc. All rights reserved.