ACHbiz Universal Solutions Services available in Texas

Payroll Department

We help you integrate your payroll software with our state of the art ACH file processing software, can be hosted as SaaS or installed as in-house application, to pay your employees salaries, taxes for as little as 10 cents – an ACH transaction with your financial institution, saving as much as thousands of dollars every pay period.

Bank Institution

With the help of our state of art ACH software, the bank can quickly view, edit and update ACH files to be processed on daily basis, repeatedly for all kinds of SEC Codes, addenda(s). They can quickly load our easy to use template(s) for different SEC Codes like CCD, PPD to make their ACH file process automation in a heartbeat.

Small Business Owner

With the help of ACH Software, you may pay employees, vendors as well as collect recurring ACH debits from customers who owe you money by directly generating ACH files at your convenience, uploading to your financial institution in a snap. It’s so easy to generate and process ACH files saving your time, effort and money. It makes you so productive with your day-to-day task(s) for processing ACH payments. Why pay by check, this is much safer, easier and cheaper no mailing checks, lost checks, and mail charges on the top of this typical check processing takes an average 5 to 7 days to get encashed by your employees, vendors and customers.

What is the difference between the formats such as PPD, CCD and others?

These abbreviations relate to an 'application' type, and help determine the detail record format. ACH applications are classified as being either consumer or corporate payments, depending on the relationship between the parties.

PPD - Prearranged Payment and Deposit Entry (Consumer)

This is used for credit transactions such as direct deposit of payroll, pension, dividends, as well as debit transactions such as payment of utility bills, mortgages, loans and other recurring payments.

CCD -Cash Concentration or Disbursement (Corporate)

Can be used to consolidate and sweep cash funds within an entity's controlled accounts, or make/collect payments to/from other corporate entities.
The format and information requirements for PPD and CCD are identical. In addition they each can support one addendum record.

What is the difference between Send a file and importing a file?

Importing and Send ACH File both involve customers who use financial software to create batch information. When a customer uploads an ACH file, they are actually “giving” Business Banking a file in NACHA specified format that the financial institution can then download and process. If a customer Imports a file, they are simply importing the participant information from their PC. Business Banking will actually create the NACHA formatted file when/if transactions are initiated and they will be based on the imported information

How do effective dates for ACH credit and debits work?

Business Banking does not allow same day effective dates because you cannot create a same day ACH. According to NACHA rules, debits can be effective one day and credits two days in advance.

How many days does it take for an ACH to post?

This is dependent on how the financial institution processes their ACH transactions. If a financial institution wants to exceed the NACHA limits on effective dates (one day for debits, two days for credits) they would need to have a system that could warehouse those items on their behalf. This is accomplished either through their DATA PROCESSING VENDOR or a third party software package.

Can a batch contain files with different effective dates?

Yes

For more details please visit to the site: http://www.achbiz.com/

Contact: 7135893630