According to Heartland Payment, the consolidation of the ACH feature with Express Funds will allow businesses to process all check transactions — paper, online and over-the-phone — from one location in a cost-effective way.
ACH technology enables the electronic transfer of funds for inbound or outbound payments for one-time and recurring payments.
ACH debit payments include association dues, mortgage and other installment loan payments as well as corporate-to-corporate payments. Credit payments include payrolls and pensions, employee expense reimbursements and annuity payments.
In addition to processing these payments, ACH creates an import file based on client requirements for posting transaction records to their accounting software.
Heartland director of Check and ACH Services Tim McKenna said their clients are looking to streamline their check management systems, and they are confident Express Funds ACH will meet clients needs for speedy and reliable transactions.
"The ACH functionality also gives business owners access to a service-oriented architecture that allows for easy integration with their current software," McKenna said.
