Companies who take advantage of ACH transaction for direct deposit to meet payroll needs are provided many advantages over traditional methods: Paper check purchasing is eliminated. Re-issuing lost paper checks becomes a non-issue. Automation of recurring amounts for on-going transactions is easy to accomplish. Reconciliation time of checks cashed late is eliminated. Scheduling of future payroll checks […]
Tag Archives | automated clearing house
A Fresh Look at ACH
ACH, or Automated Clearing House, is a payment processing service that transfers funds between two accounts, two banks or two entities, typically within one to two days. ACH can be used for many types of financial transactions, including paying employees, accepting vendor payments, and processing ecommerce and overseas transactions. Consider ACH the Center of a […]
6 Questions You Must Ask When Choosing an Automated Payments Processor
A business that automated their payment processing has significant advantages in comparison to one that traditionally invoices and then waits for payment. Estimates vary regarding the cost of a traditional invoice from $3 to $8 per invoice. Consider two security alarm monitoring businesses. Both have 5000 customers they bill at an average of $40/month. ABC […]
Building your Competitive Moat
Warren Buffet likes to invest in companies with a competitive moat. That is, their product, service or brand name presents competitors with significant barriers/problems in order to compete. Software developers are constantly under pressure- Pressure from competitors in their market space, from customers with “special needs” and from their own company to produce the next […]
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