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Home What is ACH information?
24 Jun 2022 By PAYCEC
ACH payment means electronic payments made from payer to payee bank account through the Automated Clearing House financial institution network overseen by NACHA (National Automated Clearing House Association), which manages the administration, development, and governance of the ACH payment network.
ACH payment processing is a cost-effective and easy method for both consumers and businesses. Consumers use ACH payments to pay bills online, mortgage payments, and other types of loan repayments. Businesses use ACH payments to pay both their employees by ACH direct deposit, and pay their vendors or suppliers.
ACH payment costs less than other payment solutions, including paper checks, wire transfers, debit cards, or credit card transactions.
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