eCheck Processing

ACH (Automated Clearing House) a group of processing institutions linked by a computer network to process electronic payment transactions between financial institutions.

Electronic Check Processing - The transfer of funds electronically and directly from one bank account to another for payment which is primarily is done via ACH

Here are some samples of how ACH can provide value to you:

  • Direct Debit from a customer account to yours for payment on goods or services
  • Direct Deposit for payroll, benefits, and fees or expense allocation
  • Pay bills electronically from your account for utilities, loans, insurance, and more.
  • Make or collect on business to business payments
  • Collecting on corporate receivables
  • Electronic check or e-commerce payments

Benefits:

  • Automatically deduct money from your customers' accounts.
  • Automatically fund money to a customer or vendor account.
  • Eliminate the expense of processing payments through traditional paper check methods.
  • Save the time and money associated with printing, mailing, invoicing, handling payments, etc.
  • Simplify your billing processes and increase efficiency by going electronic.

What it is

ACH Payments are the transfer of funds electronically using the Federal Reserve Banking System’s ACH Network. The ACH Network acts as a centralized electronic network connecting most U.S. banks. This network allows for the transfer of funds to and from bank accounts and to provide reporting of those transfers. These banks have a pipeline often referred to as a FedLine that connects them to the ACH network and thus allows for their participation. ACH stands for Automated Clearing House, the term given to that network and payment system in general.

How it works

The simplest and most common ACH/EFT transaction type is a Debit. Example:

  • A merchant signs up for ACH services through an ACH Service Provider such as NDMS. An ACH account allows the merchant to debit (charge) their customer’s accounts for payment of goods offered or services rendered.
  • The merchant offers their customer payment via ACH as an option, thus allowing for direct payment from bank account to bank account (checking or savings). As required by regulations, the customer must provide authorization in writing, giving permission to the merchant to apply the debit toward their account for the agreed upon date and amount (NDMS can assist you with this process).
  • Using a computer with Internet access allows the merchant to access our our secure Payment Gateway using their unique username and password.
  • When the sale is complete, you will be able to print the confirmation for your records.
  • NDMS compiles and transfers the transaction for transfer to the banks and upon acceptance by the bank, releases the funds to the merchant account for payment.
  • Sale completed.

Who Can Best Use ACH?

  • E-commerce
  • Charities
  • Property Management
  • Utility companies that want to add online bill pay
  • Government entities for collecting taxes
  • Schools - allow parents to pay online for lunches or fundraisers
  • Health Clubs / Gyms for recurring payments

NDMS Offers

NDMS offers the technology, resources and support to deliver complete end-to-end payment processing services to any merchant.

By partnering with us, you gain the strength, reliability and flexibility of our payment processing network, plus comprehensive and proactive customer support that is unmatched in the industry. Our expert capabilities deliver swift, seamless authorization, capture, clearing and settlement services to meet your needs.

Benefits include:

  • Full line of POS equipment and software applications
  • Complete array of connectivity options
  • Comprehensive payment forms
  • Quick and easy setup
  • Robust reporting
  • Unmatched pricing

Support:

  • Access transaction and batch information within minutes of the completed transmission
  • Historical data available for the previous 13 months
  • View and analyze daily electronic sales
  • View monthly summaries (for multiple merchant accounts under one merchant)
  • Create customized reporting
  • Securely download data and reports in various formats