Automated Clearing House (ACH)

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Why Choose Capital Processing Group for ACH Processing?

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit, payroll and vendor payments. ACH direct debit transfers include consumer payments on insurance premiumsmortgage loans, and other kinds of bills. Debit transfers also include new applications such as the point-of-purchase (POP) check conversion pilot program sponsored by NACHA. Both the government and the commercial sectors use ACH payments. Businesses increasingly use ACH online to have customers pay, rather than via credit or debit cards.

ACH is a computer-based clearing and settlement facility established to process the exchange of electronic transactions between participating depository institutions.

Rules and regulations that govern the ACH network are established by NACHA and the Federal Reserve. In 2013, this network processed nearly 22 billion ACH transactions with a total value of $38.7 trillion.Credit card payments are handled by separate networks.

The Federal Reserve Banks, through the FedACH system, are collectively the nation’s largest ACH operator. In 2005, they processed 60% of commercial interbank ACH transactions; the remaining 40% was processed by the Electronic Payments Network (EPN), the United States’ only private-sector ACH operator. EPN and the Reserve Banks rely on each other for the processing of some transactions when either party to the transaction is not their customer. These interoperator transactions are settled by the Reserve Banks.

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About Us

Capital Processing Group is a leading provider of payment technology and services to merchants and corporations of any size. CPG makes it easy for our clients to process transactions using our deposit services, deposit initiation, online credit card processing, remote deposit capture, ACH processing and multi-channel payment acceptance. Capital Processing Group offers multiple payment solution options that enable merchants to manage cash, accept and initiate payments more cost-effectively, securely and reliably. Our best-of-breed solutions incorporate robust, real-time payment engines that are web-enabled with comprehensive risk management functionality.

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