Streamline Your Business with ACH Origination
ACH Origination from People Driven Credit Union allows you to initiate electronic business payments, offering a secure, efficient way to handle payroll, vendor payments, membership dues, interbank transfers, and even State and Federal tax payments—all from one platform.
Key Benefits
-
- Control: Maintain precise management over cash flow.
- Cost-Effective: Save on transaction fees compared to traditional methods.
- Convenience: Schedule payments in advance to simplify recurring obligations.
- Security: Reduce the risk associated with paper checks.
Built-In Security and Controls
With ACH Origination, you have robust security features and tools at your disposal to protect your transactions:
-
- Secure Payee Management: Add and manage an unlimited number of payees, with all details securely stored in a database of payment instructions.
- Encrypted Authentication: Safeguard access with encrypted login and identity verification.
- Customizable Permissions: Configure multi-tiered user access for enhanced control.
- Dual Approval Workflow: Optional dual approval adds an extra layer of security.
- Automated Notifications: Receive alerts via text or email for initiated and processed ACH batches.
Ready to Use ACH Origination?
If you’re ready to enhance your business banking efficiency, fill out the form below, and our team will help set up the ACH Origination service tailored to your business needs. For further assistance, contact us at (248) 263-4100.
Let People Driven Credit Union be your partner in business success!
Frequently Asked Questions
You can make a wide range of payments, including:
- Employee payroll
- Vendor and supplier payments
- Membership dues
- Interbank transfers
- State and Federal tax payments
Nacha, short for the National Automated Clearing House Association, is the nonprofit organization that oversees the ACH (Automated Clearing House) network in the United States.
What Does Nacha Do?
- Manages the Rules: Nacha develops, maintains, and enforces the Nacha Operating Rules, which govern the processing of ACH payments and ensure consistency, security, and reliability across all financial institutions using the network.
- Ensures Security and Compliance: Nacha establishes standards for data security, risk management, and fraud prevention for organizations participating in ACH transactions.
- Promotes Innovation: Nacha works with banks, credit unions, and businesses to support new payment solutions, such as Same Day ACH and tools for faster settlement and improved access to electronic payments.
- Educates and Advocates: Nacha serves as an advocate for the ACH network, helping both financial institutions and the public understand how electronic payments work and why they’re secure and efficient.
In short, Nacha is the governing body behind the ACH network, ensuring it operates smoothly, safely, and in a way that benefits both consumers and businesses.
The Automated Clearing House (ACH) network is a secure, nationwide system that financial institutions use to transfer funds between bank accounts in the United States electronically. Managed by Nacha (National Automated Clearing House Association), the ACH network enables both credit and debit transactions, including:
- Direct deposits of payroll, Social Security, and tax refunds
- Automatic bill payments for utilities, mortgages, and loans
- Business-to-business payments
- Peer-to-peer money transfers
- Government and tax payments
ACH transactions are typically processed in batches, rather than instantly, like wire transfers, and often settle within one to two business days; however, same-day ACH is available in some cases.
It’s a cost-effective and efficient way for businesses and consumers to transfer money electronically, eliminating the need for checks or credit card networks.