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BANKANDBUSINESS.COM

bankandbusiness.com

We are a company that processes business checks, specializing specifically in ACH checks. Find out more about this efficient alternative to the traditional banking system.

http://www.bankandbusiness.com/

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bankandbusiness.com | bankandbusiness.com Reviews

https://bankandbusiness.com

We are a company that processes business checks, specializing specifically in ACH checks. Find out more about this efficient alternative to the traditional banking system.

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1

The Business Check Process

http://www.bankandbusiness.com/the-ach-process.php

The Business Check Process. Learn the ins and outs of the ACH process here. We’ll explain how it works and what features it offers. Here is a step-by-step explanation of ACH or business check processing:. A receiver authorizes an originator. This is where the ACH entry business check process begins. An originator can be a person or a business, such as a cable company, gas company, or an employer. The originator creates an ACH entry. The entry is sent to an operator. The entry is passed onto the RDFI.

2

FAQ

http://www.bankandbusiness.com/faq.php

Frequently Asked Questions: Business Check Processing. Here are the answers to the most commonly asked questions about business check processing. What is business check processing? Business check processing, also called ACH processing, refers to a network that handles the electronic transfer of funds. What does ACH stand for? ACH stands for Automatic Clearinghouse. It is the system responsible for electronically connecting all of the financial institutions in the United States. Business check processing ...

3

ACH Processing

http://www.bankandbusiness.com/ach-processing-101.php

Clueless when it comes to ACH processing? We’ll give you all the information you need here. Business check processing is just one function of the very versatile ACH system. Here are a few of the uses of ACH processing. Federal, state, and local tax payments. Banks sell the service to government and business customers. Direct debit payment or automatic bill pay for bills such as mortgage payments, rent, insurance premiums, utilities, etc. Direct deposit of Social Security benefits, tax refunds, and payroll.

4

ACH Entry Code Glossary

http://www.bankandbusiness.com/ach-entry-codes.php

ACH Entry Code Glossary. A major part of understanding electronic business check processing is understanding ACH entry codes. The Standard Entry Class code, typically referred to as the SEC code, is a three-letter code that reveals the type of the ACH entry. The most common SEC codes are listed below. Check received by a business through the mail or a drop box and presented as an ACH entry. A paper check that is converted to an electronic debit at a central location and then processed as an ACH entry.

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