Understanding ACH & Non-Check Payments
As today's financial marketplace is increasingly dominated by electronic payment methods, financial institutions, consumers, and businesses must work to stay ahead of the curve when it comes to electronic payment processing. As part of our commitment to the success of the payments industry, Deluxe is dedicated to helping financial institutions and businesses navigate these changes and provide seamless service to consumers and businesses, while also identifying strategic areas for growth.
Types of Electronic Payments:
- ACH - One time or recurring debits/credits to your checking account authorized by you.
- Credit Card - Transactions enabled by card processors and different levels of authorization and authentication may exist whether the purchase is made in person, via phone or online.
- Electronic Checks and Processing - Checks converted to electronic payments using the ACH network or to electronic images during check processing.
Also known as electronic check processing, the Automated Clearing House (ACH) system is the most secure network for converting paper checks to electronic transactions and has been used for more than 30 years for direct deposits and payments.
Our commitment to payments:
- By providing in-depth information regarding changes to ACH and non-check payments, Deluxe enables financial institutions to provide accurate information to individual and business consumers.
- As key changes develop, Deluxe will provide updated information to help financial institutions and businesses stay ahead of the curve.
- As an established originator of ACH payments, Deluxe monitors and maintains secure procedures, authorizations and processes to route transactions.
