2021 ACH Transaction Volume
1 min read
2021 ACH Transaction Volume Shows Strong Growth
By Wayne Akey on Feb 4, 2022 3:05:23 PM
1 min read
New Data Security Requirements for ACH Originators
By Gene Krause on May 19, 2021 10:16:36 AM
As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically. Basically, the sensitive bank account data needs to be tokenized.
3 min read
Payment Reconciliation Done Right
By Wayne Akey on Dec 10, 2020 6:39:49 PM
Disrupting the ACH and Credit Card settlement and funding process via a Funding Report
2 min read
Top 10 Things to Look For In An ACH API
By Wayne Akey on Jun 3, 2020 1:15:37 PM
An ACH API integration enables a business or SaaS platform to automate ACH
payment processing and reconciliation. Any business that accepts recurring payments should leverage the ACH network for 2 compelling reasons:
1 min read
An ACH API Case Study
By Wayne Akey on Mar 26, 2020 10:26:50 AM
ACH API Case Study:
3 min read
Call Center Payment Processing
By Gene Krause on Mar 23, 2020 4:01:35 PM
Call center payment processing varies from organization to organization in terms of how it is managed, but the most used methods are from one of the following methods:
2 min read
Integrating the On-Boarding of ACH Processing in an SaaS Application
By Gene Krause on Jan 14, 2020 1:08:57 PM
Software applications that require payments functionality often can benefit from adding the ACH payment rail. That's especially true for applications that have a subscription or recurring payments component. Thus the application's management or stakeholders will look to various ACH Providers for discussing requirements and finding a solution that meets their needs.
2 min read
So You Need an ACH Transfer API - 2020
By Gene Krause on Jan 14, 2020 1:04:32 PM
What is an ACH Transfer API, anyway? Quite simply, it's an API that provides the ability for a software application to integrate ACH processing capabilities for the purpose of providing the application to originate, manage and report on the transfer of funds between bank accounts.
2 min read
What are your eCheck API requirements for 2020?
By Gene Krause on Jan 13, 2020 10:18:11 AM
If you're part of a SaaS dev team or a stakeholder and have determined that your application has a need for an eCheck API, have you defined your requirements?
2 min read
Where are the ACH API Providers?
By Gene Krause on Jan 13, 2020 10:14:27 AM
ACH API Providers are organizations that provide an API for the purpose of integrating a software application to originate and manage ACH transactions.
2 min read
ACH Payment API Requirement Considerations for 2020
By Gene Krause on Jan 13, 2020 10:13:45 AM
Many software applications have a need to accept payments, and many require the need to integrate payments functionality via an API. For some of these application organizations, integrating to a credit card API isn't enough and have a need to integrate to an ACH Payment API.
2 min read
Considering an ACH Payments API in 2020
By Gene Krause on Jan 9, 2020 1:52:17 PM
Software organizations that serve a customer base having recurring payments can better position themselves by integrating to an ACH Payments API. There are many reasons this is true, but the underlying fact that allows this is that these type organizations have a customer base of a subscription nature and who know their customers well.
2 min read
ACH API Provider 2020, What Is Needed?
By Gene Krause on Jan 9, 2020 1:51:37 PM
If your organization is looking to integrate ACH payment processing, you likely have compiled a list of what your requirements are that are needed from the ACH API Provider. Integrating organizations can differ greatly in their needs, so be sure to have your transaction flows documented.
2 min read
Canadian EFT - API Integration
By Gene Krause on Jan 9, 2020 1:47:29 PM
Many organizations are stuck in the world of managing their Canada EFT transactions by way of file submission. In some cases using antiquated windows software that is limited at best in ongoing maintenance. Fortunately there are Canadian EFT API integrations available.
2 min read
ACH Payment Gateway API
By Gene Krause on Jan 9, 2020 1:26:52 PM
While the ACH network is still a batch network, utilizing an ACH Payment Gateway API can do wonders for software applications in enhancing their capabilities by communicating with a real-time communication integration. Let's examine some of the modern communication tools available from these ACH gateways.
2 min read
Risks of Direct Deposit Payroll Processing
By Gene Krause on Sep 24, 2019 1:21:44 PM
Recent news has once again exposed the reality that there are inherent risks for a third party ACH processor in handling and processing payroll transactions for a company who handles payroll for multiple companies or even a single company's needs.
3 min read
Property Management, Leveraging an ACH Integration
By Gene Krause on Sep 19, 2019 12:59:12 PM
Property management applications are extremely popular today. There is rarely a week that goes by where we are not contacted by a software application that serves property management in some way or another. Often, we are discussing payments solutions with many at one time.
2 min read
Is ACH a Requirement for Applications With a Recurring Payments Component?
By Gene Krause on Sep 10, 2019 3:48:16 PM
Applications that have a subscription component can differ in many ways, but almost universally there is an advantage for the application to integrate to an ACH API for origination and management of recurring payments. requirement, maybe not. Advantage to integrate and offer, most certainly.
One of the common problems that subscription based applications
2 min read
Canada Electronic Funds Transfer
By Coleman Akey on Mar 22, 2019 11:24:00 AM
Canada Electronic Funds Transfer processing options are scarce compared to the ACH processing providers available in the United States. Options are limited because of the small number of banks that run the payments sphere. This makes it difficult to gain access to Canada EFT processing.Utilizing a canada electronic funds transfer allows Canadian businesses to debit checking accounts for one-time or recurring payments.
2 min read
Why an ACH Processing API? 2019 Guide
By Gene Krause on Feb 25, 2019 2:46:00 PM
For software applications that have an end-user base in a subscription model or include recurring transactions, an ACH Processing API is a must. Sure, few of these SaaS applications would want to discount the use of credit card processing because it's a commonly used payment modal, but being subscription based sets the application into an area of knowing their customer base much differently than some business that sells widgets on a one-time basis to consumers that might never revisit or occasionally purchase goods or services. Moreover, customers of these subscription based businesses more than likely rely on receiving their goods or services that the organization and SaaS provides.
2 min read
Recurring ACH API 2021
By Agile Payments on Feb 25, 2019 2:28:13 PM
Recurring ACH API For SAAS Platforms
2 min read
ACH Transfer API - 2019 Guide
By Wayne Akey on Feb 25, 2019 2:26:53 PM
How can an ACH Transfer API help your business or SaaS?
An ACH Transfer API provides an additional payment option: Using the ACH network allows a business to debit or credit checking and savings accounts.
3 min read
Does an ACH Integration Make Sense?
By Gene Krause on Feb 12, 2019 6:36:41 PM
Some applications are more favorably aligned with acceptance of eCheck (ACH) transactions than others. Applications that are proprietary and align themselves well with eCheck acceptance and only support their business can often start out with using an external transaction management tool for payment origination and management. On the other hand, applications that are used my multiple organizations or businesses are far less likely in being able to get by with utilizing an external payment management tool. Let's examine some key areas that factor in to whether and when an ACH Integration might make sense.
2 min read
P2P Payment Apps and Challenges
By Wayne Akey on Jan 29, 2019 12:14:30 PM
We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.
2 min read
Payment Gateway Integration API
By Wayne Akey on Aug 1, 2018 3:24:55 PM
SAAS platforms and developers have a bad habit of choosing their payment gateway integration partner[s] without considering partner’s potential to actually help grow their business.