There are different processing options that are associated with ach api and Check 21. The initial processing option is Back Office Conversion or just BOC. BOC appropriates for agreeing to checks at the point of sale in order to convert almost all paper repayments to ACH debits. This particular processing option provides a faster solution that allows the client development without the majority of the costs and liabilities which are related to the particular acceptance of paper checks. In simple terms, Back-office Conversion like a processing option provides cost-effective, efficient options and it is possible for any company to implement it. The second processing option for ACH and also Check 21 is Web Checks with regard to online online business sites.
For that merchant and company customers, this kind of processing option offers an affordable solution in order to accepting assessments through the internet. With this particular processing option, a corporate is able to shipped to its customers a convenient payment option and lower costs since this is actually an alternative choice to credit cards. Essentially, payments via this processing alternative are done because web dealings through the ach solution. The 3rd processing option is the particular conversion regarding checks through Point of Obtain or POP. When a product owner accepts any check at a point of sale, the repayment is in electronic format processed through POP. Together with POP, a merchant is effective in reducing costs as well as liabilities that are related to the acceptance regarding paper checks. With POP, the ach api system is tasked with processing all obligations and purchases and Put transactions.
One more processing option aside from the three over is Preauthorized Repayment and Primary Deposit or PPD. PPD as a repayment processing option functions simple means of setting up and also processing recurring obligations and offers organizations a low-cost optionfor processing payments. This system may be used by retailers to refund their customers and corporations can use that to send electronic payments to be able to vendors or perhaps employees. In this case, all payments are done by means of check 21 processing as PPD purchases. Apart from these types of, the fourth processing choice is the telephone checks. This processing option is affordable as well as allows vendors to accept checks or obligations through phone services. The particular processing option also provides clients together with convenient transaction solutions to bank cards.
The fifth processing option associated with ach api will be Corporate Credit or Debit (CCD). CCD helps consumers electronically transfer or consolidate B2B payments. For this repayment processing, the merchant’s or perhaps corporate’s customers log into a provided WEB interface and processes confirmed transaction. Down the road, the transaction is refined through the ACH program and, in this case, as a CCD transaction. The last processing choice for ACH and Check 21 may be the represented check. This particular processing option helps in the electronic digital collection and also representation regarding paper checks that are delivered to a product owner due to insufficient funds.
With POP, the ach api network is tasked with processing all payments and transactions and POP transactions. Click here to know more about ACH API.