ACH (Automated Clearing House) Origination
Streamline payments and reduce transaction costs with electronic credits and debits through our ACH services. ACH is an electronic payment delivery system that allows you to make payments or collect funds electronically through the ACH network.
ACH services include:
- Debits (Payment Drafts)
- Credits (Payroll Direct Deposit and Other Direct Payments): Make large payments to vendors in lieu of a wire transfer and pay one or thousands of employees with Payroll Direct Deposit.
Payroll Direct Deposit allows you to:
- Initiate direct deposit of your payroll electronically.
- Reduce reconciliation time (one debit for the payroll total versus multiple checks written to employees)
- Eliminate risk—no more “blank checks” stored at your office