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Home What is ACH processing?
24 Jun 2022 By PAYCEC
ACH payment processing is an electronic network for bank transfer between the payer’s and the payee’s bank accounts through the Automated Clearing House network of U.S. financial institutions, regulated by NACHA (National Automated Clearing House Association), which manages the administration, development, and governance of the ACH payment network.
ACH payment processing processes large volumes of credit and debit transactions in batches. ACH payment processing is used for recurring payments and one-time payments instead of paper check, wire transfer, credit/debit card payment methods.
There are many uses for ACH payment processing. Some prime ACH payment processing examples include:
- Businesses paying suppliers for products/services.
- Recurring bill payments, like utility bills or rent.
- Customer invoice payments.
- Consumers moving funds from one bank to another.
- Employers sending direct deposits to employees’ bank accounts.
- Tax refunds and other government payments.
- Online shopping.
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