ACH Payments(NACHA/NACH/Direct debit System)
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Brief Introduction
Learn the most trending topic of payment worldDescription
This course covers Mandate management system and ACH payments.
This will also help you in understanding the payments processed by Paypal.
The ACH (Automated Clearing House) Payment Service enables you to electronically collect payments from your customers for either single-entry or recurring payments by directly debiting your customer's checking or saving accounts.
The most common uses of ACH are online bill payment, mortgage and loan repayment, and direct deposit of payroll. ACH payments are an efficient and cost-reducing alternative to paper checks and credit cards.
On the Internet, ACH is primarily used for person-to-person (P2P), business-to-customer (B2C), and business-to-business (B2B) payments.
Benefits of ACH Payments
Following are the benefits of ACH Payments
Provide your customers with an alternative to credit cards and checks.
Offer lower-cost payment than either checks or credit cards.
Faster payments than using checks.
Requirements
- Requirements
- Absolutely no experience is required. We will start with the basics and gradually build up your knowledge. Everything is covered in the course.
Knowledge
- Complete knowledge of ACH payments
- Mandate/eMandate needs
- Why corporate prefers ACH payments over card payment and other mode of payments
- How to pay monthly bills automatically
- Clearing system and settlements
- Accounting entries
- Posting
- Difference between ODFI and RDFI
- Difference between ACH credit and ACH debit
- ACH participants
- Use cases of ACH payments
- Mandate management system
- ACH file processing
- File presentment and settlement
- Batch file processing
- How pension and salary processing is done
- EFT
Surya Tripathi
4 Raiting
ACH(NACHA/NACH/Direct Debit) Digital Payment System
- 4
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Business oriented course - ACH(NACHA/NACH/BACS) Direct Debit Digital Payments And the direct payment is used to get a salary, social benefits, and other incoming recurring or one-time payments....
ACH Payments(NACHA/NACH/Direct debit System)
- 4
-
![]()
![]()
![]()
![]()
![]()
Learn the most trending topic of payment world This course covers Mandate management system and ACH payments. This will also help you in understanding the payments processed by Paypal....
