AccountsGlobal can set-up your business to utilize the ACH-EFT systems. The ACH Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system governed by the NACHA Operating Rules, which provide for the Interbank clearing of electronic payments for participating depository financial institutions.

The American Clearing House Association, Federal Reserve, Electronic Payments Network, and Visa act as ACH Operators, central-clearing facilities through which financial institutions transmit or receive ACH entries.

ACH payments include: Direct Deposit of payroll, Social Security and other government benefits, and tax refunds; Direct Payment of consumer bills such as mortgages, loans, utility bills and insurance premiums; Business-to-business payments; E-checks; E-commerce payments; Federal, state and local tax payments.

A corporation, individual and other entities can participate in the network. The originator and the receiver must have an agreement that funds can be credited or debited electronically between the involved accounts.  It takes 48 hours for funds to clear through the network.

Now your company can use the same powerful tools that only the largest companies have enjoyed in the past. With our electronic funds transfer (EFT) system you can automatically and electronically debit your
client’s bank accounts for your recurring and non-recurring billing as well as eliminate the ongoing expense of accepting and processing payments through traditional paper methods.

You can accept checks by phone as easily as accepting a credit card payment. When a consumer would like to pay your company by phone a salesperson, collection agent, or telemarketing representative will ask the consumer to read the MICR line at the bottom of their check. The MICR line contains the consumer's checking account number, bank routing number and check number needed to process the transactions electronically.

This information can be sent to us in a batch that is uploaded to our secure web site or individual checks can be processed in real-time at our secure, easy to use virtual terminal that can be accessed safely from any internet connection.