• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Fintech Market
    Fintech News
    Fintech Stocks
    • Fintech Market
    • Fintech News
    • Fintech Stocks

    Unified Payments Launches Same-Day ACH Payment Processing Solution

    Jocelyn Aspa
    Oct. 16, 2017 08:30AM PST
    Fintech Investing

    Net Element (NASDAQ:NETE) has announced that its Unified Payments subsidiary launched its Same-Day ACH (Automated Clearing HousE) payment processing solutions. As quoted in the press release: The update adds flexibility and convenience for electronic commerce and card not present merchants, delivering the ability for merchants to accept eCheck (electronic check) payments. Unified Payments is incorporating …

    Net Element (NASDAQ:NETE) has announced that its Unified Payments subsidiary launched its Same-Day ACH (Automated Clearing HousE) payment processing solutions.
    As quoted in the press release:

    The update adds flexibility and convenience for electronic commerce and card not present merchants, delivering the ability for merchants to accept eCheck (electronic check) payments.
    Unified Payments is incorporating Same-Day ACH into its already robust line of payment processing tools in order to meet the growing demand for this form of payment in North America. According to NACHA — The Electronic Payments Association®, ACH network volume accounted for over 25 billion payments and $43 trillion in transfers in 2016.
    Convenient eCheck processing solution
    Unified Payments’ ACH processing is built into its payment gateway and seamlessly integrates with every major shopping cart for simple, secure eCheck acceptance. An eCheck plays a similar role as its paper counterpart, funds are withdrawn digitally from a buyer’s checking account and transferred over the ACH Network. Once funds clear, they are deposited into the merchant’s bank account.
    Ideal alternative payment method
    Although credit card usage is steadily rising, many Americans still do not possess one. Electronic checks provide business owners the flexibility of receiving electronic payments, regardless of whether or not their clients own a credit card. And unlike paper checks, electronic checking allows merchants to save time and money by foregoing trips to the bank and through faster clearing of payments. Another benefit of transferring funds through the ACH network is for large volume purchases; eChecks can bypass limits imposed by card brands for credit card transactions.

    Click here to read the full press release.

    The Conversation (0)

    Go Deeper

    AI Powered
    Blue cubes.

    Blockchain Technology Stocks: 10 Biggest Companies

    10 Canadian Fintech Stocks

    10 Canadian Fintech Stocks

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Fintech Investing Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×