Tag: ACH integration

So what should you look for in an ACH Assimilation API?

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  1. API availability: Does the companion offer RESTful, SOAP ACH integration or both?
  2. What other payment energies are offered?
  3. If your market base includes Canada, does the companion give a solitary API for both US ACH and also Canadian EFT?
  4. Does the platform fulfill PCI Security requirements although NACHA does not need ACH transactions to be PCI compliant?
  5. Is sensitive ACH data tokenized and can a call be made to quickly tokenize the bank account data before a source?
  6. Are there possibilities to utilize the ACH Handling Integration for your applications’s profits stream?
  7. Are there ancillary energies available from the ACH API to make ask for anti-fraud and also risk reduction?
  8. Does the partner give help in ACH payments refining adoption for you as well as your individual clients? Simply supplying a payment technique is inadequate to obtain end user fostering.
  9. Exist take the chance of approval models offered that could decrease handling costs?
  10. Exist white tag possibilities that might permit a well-known processing alternative, maintaining the ACH cpu behind the scene?
  11. Exists an API that would permit your customers to use from your website or app?
  12. Will your prospective companion take the time to comprehend your company demands as well as offer alternatives that custom-made fit the payments needs to your needs as well as your customers?
  13. The length of time has your possible assimilation partner been serving the requirements of application carriers and also what is their record?
  14. Exist ACH Payfac choices available?
  15. Does your partner have an ACH checking account recognition service readily available for the 2021 NACHA demand?

That’s just a beginning at some of the common questions you might ask. With Agile Payments, we take the time to learn your company needs and needs first. We have ACH application customers in sectors that cover a wide range. In every situation we have actually come to be an important as well as trusted partner to these providers– to the point where we help in other company areas.

ACH Integration Providers

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ACH Integration Providers allow for SaaS platforms and developers to automate payment collection, disbursement and reconciliation by providing ACH integration solutions. The ACH option allows for the debiting/crediting of checking/savings accounts via the ACH network, and the utilization of an ACH API [Application Programming Interface].

Paper checks are too burdensome and expensive to handle for organizations and/or applications looking to accept payments from bank accounts, and are much more susceptible to fraudulence. For applications providing payouts to businesses/affiliates, handling ACH credits via an ACH Integration Provider is a far more prudent option.

An ACH Integration Provider offers solutions that provide more feasible methods for streamlining cash flow. A reliable, affordable payment vehicle with API functionality adds value for your user base, and leads to more satisfied clients.

Credit card transactions can be disputed and charged-back for multiple reasons. In the ACH realm disputed transactions are far less likely. There are three main reasons that ACH transactions are disputed; the transaction was simply not authorized to be debited, the amount was incorrect, or the date that it was processed in incorrect. A formal affidavit must be completed at the bank where the ACH debit was drawn upon in each of these cases.

Applications with recurring payments requirements that utilize an ACH integration solution will quickly realize the benefit of setting up a user for ACH recurring payments without the concern of declines. Typically a return notification (usually a result of non-sufficient funds) will be only reason to interject into a user’s account. This is where a good ACH API is valuable.

Rejected ACH transactions have two re-presentment originations available to try to capture what was the NSF funds. Favorable re-presentments vary by business type, but the parameters available should be:

  • Immediate
  • Delayed by a specified number of days
  • A logical date such as a pay date
  • A specific day of the week

By leveraging retry field parameters via the ACH integration API, the SaaS organization can programmatically manage any NSF returns. By the same token, if a SaaS organization wishes to assess and capture NSF returns, the origination of a separate NSF fee transaction can be automated.