How Does ACH Processing Work?

Written by Wayne Akey


Word Count= 326 Word wrapped to 60 characters-per-line

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How does ACH processing work?

ACH processing refers torepparttar moving of money electronically usingrepparttar 108843 Federal Government's Automated Clearing House. This clearing house provides a centralized communication network that allows for bothrepparttar 108844 electronic transfers of funds andrepparttar 108845 reporting of these transfers.

Essentially banks have a pipeline (usually called a Fed Line) that connects them directly intorepparttar 108846 ACH network. This pipeline allows information to be transmitted that instructsrepparttar 108847 clearing house to transfer funds to and from bank accounts. The banks typically receive raw data reporting bank fromrepparttar 108848 Federal Reserve ACH system. (Note: There are private clearing houses as well).

Most banks possess at leastrepparttar 108849 ability to use a Fed Line. Some make use of this and some don't. Those that do typically have very limited front end tools. By front end we mean methods of getting transaction data to them. Their reporting systems tend to be even more primitive.

For these reasons third party processors (TPP's) enteredrepparttar 108850 ACH arena. The third party processor sawrepparttar 108851 myriad benefits and opportunities to provide businessesrepparttar 108852 ability to easily move money electronically. By developing user friendly front end tools and robust reportingrepparttar 108853 third party processor has been able to offer businesses tools they need. The vast majority of TPP's have a partner bank(s) and they tie into that bank's Fed Line.

If you are familiar with credit card processing you may assume ACH processing operates in a similar fashion. It doesn't. Whereby a credit card transaction places a hold on available credit onrepparttar 108854 customer card an ACH transaction is quite different.

The ACH transaction proceeds as ifrepparttar 108855 customer being debited has a valid bank account withrepparttar 108856 requisite funds available. The TPP typically receives provisional credit forrepparttar 108857 ACH transactionrepparttar 108858 day afterrepparttar 108859 transaction is initiated. The two banks involved inrepparttar 108860 transaction (TPP bank and customer bank) have up to 4 days to "settle"repparttar 108861 transaction. Settlement refers torepparttar 108862 banks agreement thatrepparttar 108863 money has been transferred.

ARE YOU CONCERNED ABOUT SHOPPING ON THE INTERNET?

Written by Nily Glaser


ARE YOU CONCERNED ABOUT SHOPPING ON THE INTERNET? By Nily Glaser Copyrights, Nily Glaser all rights reserved 2004

Please feel free to post this Article as is with no additions or deletions in your newsletter, on your website, and forward it to your clients, customers, friends and / or business associates. If you post or otherwise publish this article, please ensure thatrepparttar copyright as well asrepparttar 108842 author's entire bylines box remain intact and that an active link to http://www.a-weddingday.com is provided.

We would highly appreciate a courtesy copy of your publication and / or a website link. Please E-mail to: http://www.a-eddingday.com/contacts.html

Thank you! Nily

ARE YOU CONCERNED ABOUT SHOPPING ON THE INTERNET? By Nily Glaser Copyrights Nily Glaser, all rights reserved 2003

Withrepparttar 108843 holiday season close at hand, many would be Internet shoppers are concerned with on-line security issues andrepparttar 108844 fear of "Identity theft".

Yet, shopping onrepparttar 108845 Internet is changing our way of life. The question is: "Is it safe to shop online?" The answer is thatrepparttar 108846 internet is a very safe place to shop, as long as you are careful and take some precautions to protect yourself.

When you shop online via a merchant that offers a SECURE SERVER, you are probably safer than when you use your credit card at an off line brick and mortar establishment. Additionally you benefit by being able to find: · a huge variety and options for what you are looking for, · shop fromrepparttar 108847 convenience of your home or office, · shop anytime day or night, · shop withoutrepparttar 108848 pressure of over eager salespeople. So, forgetrepparttar 108849 traffic, forgetrepparttar 108850 store hours, forgetrepparttar 108851 crowds and forgetrepparttar 108852 lines atrepparttar 108853 cashier's stands.

Following are a few precautions you should take to feel secure Shopping onrepparttar 108854 Internet.

Safety Tip # 1: Shop at sites that post a physical address, an E-mail address and a telephone number. If you are not quite sure, E-mail them. They should reply within 72 hours. CALL them and make sure you can talk with a PERSON, not a machine. Jot downrepparttar 108855 name ofrepparttar 108856 person you spoke with. Ask a few questions regardingrepparttar 108857 merchandise, policies, etc... Once you are satisfied, proceed with your purchases.

Safety Tip # 2: Look for vendors with SECURE SERVERS. The encryption technology is evolving constantly and though it already makes shopping onrepparttar 108858 Internet safe, it keeps adding more and more features forrepparttar 108859 security and protection of on line shoppers. If you want to be sure aboutrepparttar 108860 security of your information, dorepparttar 108861 following before giving your credit card information: Onrepparttar 108862 site in question "pretend" to order an item by adding it torepparttar 108863 cart. Go torepparttar 108864 cart and if you are onrepparttar 108865 page where you need to enter your information proceed to: Check if there is a written claim onrepparttar 108866 page that it is secure, or that you have enteredrepparttar 108867 secure section ofrepparttar 108868 web site. The address shoud begin with https:// instead of http:// Unless there is an S followingrepparttar 108869 HTTPrepparttar 108870 page you are on IS NOT secure! Some sites only display a locked padlock. This is how you check for security: >From anywhere onrepparttar 108871 page, RIGHT CLICK. You'll get a table. CLICK on PROPERTIES it will take you to another table. Checkrepparttar 108872 CONNECTION. Watch forrepparttar 108873 following information: The company and section ofrepparttar 108874 site. for example: If you go to http:www.a-weddingday.com, and place an order,repparttar 108875 secure page will show: A-Wedding Day Shopping Plaza Online Order Form The Protocol: HyperText Transfer Protocol with Privacy. Note Protocol with Privacy. The Connection: SSL 3.0, RC4 with 128 bit encryption (High); RSA with 1024 bit exchange. SSL with 128 bit encription is used by banks and financial institutions and isrepparttar 108876 highest security to-date. The Address (URL) https://loki.safe-order.net/a-weddingday/............... Noterepparttar 108877 following: Security https://loki.safe-order.net/ Name of Company: a-weddingday/............ If you do not seerepparttar 108878 specifics as I described them above,repparttar 108879 site may have a lower security level or its security may be in question. If you want to find out aboutrepparttar 108880 site's SECURITY CERTIFICATE, click on CERTIFICATE onrepparttar 108881 right bottom. You need to check for: This certificate in intended to Ensuresrepparttar 108882 identity of a remote computer. Issued to, may not berepparttar 108883 site owner but through their hosting company. So do not worry about it. You already varified thatrepparttar 108884 site is or was secure. So you know that this order form is secure. or is it? The next step is of utmost omportance! Checkrepparttar 108885 certificate's expiration date to assure thatrepparttar 108886 security certificate IS CURRENT.

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