Unified Payments Launches Same-Day ACH Payment Processing Solution

- October 16th, 2017

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 … Continued

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 An eCheck plays a similar role as its paper counterpart, funds are withdrawn digitally from a buyer’s checking account and transferred over the ACH Network.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.

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