ACH Processing New York

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

Navagate, Inc.
404-545-0776
20 West 22nd Street, 12th Floor
New York, NY
Prudential Financial
716-636-1960x7279
1 JJ Audubon Pkwy
Amherst, NY
New York Life Insurance
518-220-4279
26 Century Hill Drive
Latham, NY
Smith Barney
845-334-7920
91 N. Front St
Kingston, NY
MassMutual Financial
607-725-5619/607-760-5915
110 Grant Avenue
Endicott , NY
First National Investors
800-436-6186
8759 Main St.
Williamsville, NY
J. Cole Financial Advisers, Inc.
518-576-9017
101 Airport Rd POB 7
Keene Valley, NY
AFLAC-NY
518-371-5696
13 Cranberry Lane
Clifton Park, NY
YWCA Western New York
716-852-6120
190 Franklin Street
Buffalo, NY
MCBSS.com
718-638-3322
272 Lincoln Place
Brooklyn, NY


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

J. Cole Financial Advisers, Inc.

518-576-9017
101 Airport Rd POB 7
Keene Valley, NY
www.jcolefinancial.com

Regional Articles
- ACH Processing Albany NY
- ACH Processing Albion NY
- ACH Processing Alden NY
- ACH Processing Amityville NY
- ACH Processing Amsterdam NY
- ACH Processing Angola NY
- ACH Processing Arverne NY
- ACH Processing Astoria NY
- ACH Processing Auburn NY
- ACH Processing Babylon NY
- ACH Processing Baldwin NY
- ACH Processing Baldwinsville NY
- ACH Processing Ballston Lake NY
- ACH Processing Ballston Spa NY
- ACH Processing Batavia NY
- ACH Processing Bath NY
- ACH Processing Bay Shore NY
- ACH Processing Bayside NY
- ACH Processing Beacon NY
- ACH Processing Bellerose NY
- ACH Processing Bellmore NY
- ACH Processing Bethpage NY
- ACH Processing Binghamton NY
- ACH Processing Bohemia NY
- ACH Processing Brentwood NY
- ACH Processing Brewster NY
- ACH Processing Brockport NY
- ACH Processing Bronx NY
- ACH Processing Bronxville NY
- ACH Processing Brooklyn NY
- ACH Processing Buffalo NY
- ACH Processing Cambria Heights NY
- ACH Processing Camillus NY
- ACH Processing Canandaigua NY
- ACH Processing Canastota NY
- ACH Processing Canton NY
- ACH Processing Carmel NY
- ACH Processing Carthage NY
- ACH Processing Catskill NY
- ACH Processing Centereach NY
- ACH Processing Central Islip NY
- ACH Processing Chappaqua NY
- ACH Processing Chester NY
- ACH Processing Cicero NY
- ACH Processing Clifton Park NY
- ACH Processing Clinton NY
- ACH Processing Cohoes NY
- ACH Processing College Point NY
- ACH Processing Commack NY
- ACH Processing Copiague NY
- ACH Processing Coram NY
- ACH Processing Corning NY
- ACH Processing Corona NY
- ACH Processing Cortland NY
- ACH Processing Cortlandt Manor NY
- ACH Processing Croton On Hudson NY
- ACH Processing Dansville NY
- ACH Processing Deer Park NY
- ACH Processing Delmar NY
- ACH Processing Depew NY
- ACH Processing Dobbs Ferry NY
- ACH Processing Dunkirk NY
- ACH Processing East Amherst NY
- ACH Processing East Aurora NY
- ACH Processing East Elmhurst NY
- ACH Processing East Hampton NY
- ACH Processing East Islip NY
- ACH Processing East Meadow NY
- ACH Processing East Northport NY
- ACH Processing East Rockaway NY
- ACH Processing East Setauket NY
- ACH Processing East Syracuse NY
- ACH Processing Elmhurst NY
- ACH Processing Elmira NY
- ACH Processing Elmont NY
- ACH Processing Endicott NY
- ACH Processing Fairport NY
- ACH Processing Far Rockaway NY
- ACH Processing Farmingdale NY
- ACH Processing Farmingville NY
- ACH Processing Fayetteville NY
- ACH Processing Fishkill NY
- ACH Processing Floral Park NY
- ACH Processing Flushing NY
- ACH Processing Forest Hills NY
- ACH Processing Franklin Square NY
- ACH Processing Fredonia NY
- ACH Processing Freeport NY
- ACH Processing Fresh Meadows NY
- ACH Processing Fulton NY
- ACH Processing Gansevoort NY
- ACH Processing Garden City NY
- ACH Processing Geneseo NY
- ACH Processing Geneva NY
- ACH Processing Getzville NY
- ACH Processing Glen Cove NY
- ACH Processing Glen Head NY
- ACH Processing Glen Oaks NY
- ACH Processing Glens Falls NY
- ACH Processing Gloversville NY
- ACH Processing Goshen NY
- ACH Processing Gouverneur NY
- ACH Processing Grand Island NY
- ACH Processing Great Neck NY
- ACH Processing Hamburg NY
- ACH Processing Hampton Bays NY
- ACH Processing Harrison NY
- ACH Processing Hartsdale NY
- ACH Processing Hauppauge NY
- ACH Processing Haverstraw NY
- ACH Processing Hempstead NY
- ACH Processing Hicksville NY
- ACH Processing Highland NY
- ACH Processing Hilton NY
- ACH Processing Holbrook NY
- ACH Processing Hollis NY
- ACH Processing Holtsville NY
- ACH Processing Hopewell Junction NY
- ACH Processing Hornell NY
- ACH Processing Horseheads NY
- ACH Processing Howard Beach NY
- ACH Processing Hudson Falls NY
- ACH Processing Hudson NY
- ACH Processing Huntington NY
- ACH Processing Huntington Station NY
- ACH Processing Hyde Park NY
- ACH Processing Ilion NY
- ACH Processing Islip NY
- ACH Processing Ithaca NY
- ACH Processing Jackson Heights NY
- ACH Processing Jamaica NY
- ACH Processing Jamestown NY
- ACH Processing Jericho NY
- ACH Processing Johnson City NY
- ACH Processing Johnstown NY
- ACH Processing Katonah NY
- ACH Processing Kew Gardens NY
- ACH Processing Kings Park NY
- ACH Processing Kingston NY
- ACH Processing Lake Grove NY
- ACH Processing Lancaster NY
- ACH Processing Larchmont NY
- ACH Processing Latham NY
- ACH Processing Levittown NY
- ACH Processing Lewiston NY
- ACH Processing Lindenhurst NY
- ACH Processing Little Neck NY
- ACH Processing Liverpool NY
- ACH Processing Lockport NY
- ACH Processing Long Beach NY
- ACH Processing Long Island City NY
- ACH Processing Lynbrook NY
- ACH Processing Mahopac NY
- ACH Processing Malone NY
- ACH Processing Mamaroneck NY
- ACH Processing Manhasset NY
- ACH Processing Manlius NY
- ACH Processing Manorville NY
- ACH Processing Maspeth NY
- ACH Processing Massapequa NY
- ACH Processing Massapequa Park NY
- ACH Processing Massena NY
- ACH Processing Mastic Beach NY
- ACH Processing Mastic NY
- ACH Processing Mechanicville NY
- ACH Processing Medford NY
- ACH Processing Medina NY
- ACH Processing Melville NY
- ACH Processing Merrick NY
- ACH Processing Middle Island NY
- ACH Processing Middle Village NY
- ACH Processing Middletown NY
- ACH Processing Miller Place NY
- ACH Processing Mineola NY
- ACH Processing Monroe NY
- ACH Processing Monsey NY
- ACH Processing Monticello NY
- ACH Processing Mount Kisco NY
- ACH Processing Mount Vernon NY
- ACH Processing Nanuet NY
- ACH Processing Nesconset NY
- ACH Processing New City NY
- ACH Processing New Hartford NY
- ACH Processing New Hyde Park NY
- ACH Processing New Paltz NY
- ACH Processing New Rochelle NY
- ACH Processing New Windsor NY
- ACH Processing New York NY
- ACH Processing Newark NY
- ACH Processing Newburgh NY
- ACH Processing Niagara Falls NY
- ACH Processing North Babylon NY
- ACH Processing North Tonawanda NY
- ACH Processing Northport NY
- ACH Processing Norwich NY
- ACH Processing Nyack NY
- ACH Processing Oakland Gardens NY
- ACH Processing Oceanside NY
- ACH Processing Ogdensburg NY
- ACH Processing Olean NY
- ACH Processing Oneida NY
- ACH Processing Oneonta NY
- ACH Processing Ontario NY
- ACH Processing Orchard Park NY
- ACH Processing Ossining NY
- ACH Processing Oswego NY
- ACH Processing Owego NY
- ACH Processing Ozone Park NY
- ACH Processing Patchogue NY
- ACH Processing Pearl River NY
- ACH Processing Peekskill NY
- ACH Processing Pelham NY
- ACH Processing Penfield NY
- ACH Processing Penn Yan NY
- ACH Processing Pine Bush NY
- ACH Processing Pittsford NY
- ACH Processing Plainview NY
- ACH Processing Plattsburgh NY
- ACH Processing Pleasantville NY
- ACH Processing Port Chester NY
- ACH Processing Port Jefferson Station NY
- ACH Processing Port Jervis NY
- ACH Processing Port Washington NY
- ACH Processing Potsdam NY
- ACH Processing Poughkeepsie NY
- ACH Processing Queens Village NY
- ACH Processing Queensbury NY
- ACH Processing Red Hook NY
- ACH Processing Rego Park NY
- ACH Processing Rensselaer NY
- ACH Processing Richmond Hill NY
- ACH Processing Ridge NY
- ACH Processing Ridgewood NY
- ACH Processing Riverhead NY
- ACH Processing Rochester NY
- ACH Processing Rockaway Park NY
- ACH Processing Rockville Centre NY
- ACH Processing Rocky Point NY
- ACH Processing Rome NY
- ACH Processing Ronkonkoma NY
- ACH Processing Roosevelt NY
- ACH Processing Rosedale NY
- ACH Processing Roslyn Heights NY
- ACH Processing Roslyn NY
- ACH Processing Rye NY
- ACH Processing Saint Albans NY
- ACH Processing Saint James NY
- ACH Processing Saratoga Springs NY
- ACH Processing Saugerties NY
- ACH Processing Sayville NY
- ACH Processing Scarsdale NY
- ACH Processing Schenectady NY
- ACH Processing Seaford NY
- ACH Processing Selden NY
- ACH Processing Seneca Falls NY
- ACH Processing Shirley NY
- ACH Processing Smithtown NY
- ACH Processing South Ozone Park NY
- ACH Processing South Richmond Hill NY
- ACH Processing Southampton NY
- ACH Processing Spencerport NY
- ACH Processing Spring Valley NY
- ACH Processing Springfield Gardens NY
- ACH Processing Staten Island NY
- ACH Processing Stony Brook NY
- ACH Processing Stony Point NY
- ACH Processing Suffern NY
- ACH Processing Sunnyside NY
- ACH Processing Syosset NY
- ACH Processing Syracuse NY
- ACH Processing Tarrytown NY
- ACH Processing Tonawanda NY
- ACH Processing Troy NY
- ACH Processing Uniondale NY
- ACH Processing Utica NY
- ACH Processing Valley Stream NY
- ACH Processing Vestal NY
- ACH Processing Walden NY
- ACH Processing Wallkill NY
- ACH Processing Wantagh NY
- ACH Processing Wappingers Falls NY
- ACH Processing Warwick NY
- ACH Processing Waterford NY
- ACH Processing Waterloo NY
- ACH Processing Watertown NY
- ACH Processing Watervliet NY
- ACH Processing Webster NY
- ACH Processing Wellsville NY
- ACH Processing West Babylon NY
- ACH Processing West Harrison NY
- ACH Processing West Hempstead NY
- ACH Processing West Islip NY
- ACH Processing Westbury NY
- ACH Processing White Plains NY
- ACH Processing Whitesboro NY
- ACH Processing Whitestone NY
- ACH Processing Williston Park NY
- ACH Processing Woodhaven NY
- ACH Processing Woodmere NY
- ACH Processing Woodside NY
- ACH Processing Wyandanch NY
- ACH Processing Yonkers NY
- ACH Processing Yorktown Heights NY
Related Local Events
Coffee Talk-An Afternoon of Small Business Networking
Dates: 8/9/2008 - 8/9/2008
Location: W.L. Bonner Youth Enrichment Center
New York NY
View Details

Direct Marketing Math and Finance Seminar
Dates: 8/11/2008 - 8/11/2008
Location: Location To Be Determined
New York NY
View Details

Direct Marketing Math and Finance Seminar
Dates: 8/11/2008 - 8/11/2008
Location: DMA Seminar Center
New York NY
View Details

Direction Show
Dates: 8/12/2008 - 8/14/2008
Location: Penn Plaza Pavilion
New York NY
View Details

Presentation Training Workshop
Dates: 8/14/2008 - 8/14/2008
Location: TBD
New York NY
View Details
Rate Article
     
Articles Insider

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Educational Content Home Appliances Real Estate Resources
Business Services Entertainment Home Electronics Software
Career Family Home Services Technology
Cars Fashion Internet Telecommunications
Chamber of Commerce Financial Services Legal Trade Shows
Computer Hardware Franchise Miscellaneous Travel
Construction Health Nightlife Weddings
Education Holidays Online Database World History