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ACH origination includes the following types of payments:
Enjoy the many benefits of paying your employees by directly depositing payroll.
Fewer checks to buy, reduce bank charges, minimize check distribution costs.
Reduced time to print and sign payroll checks, faster and streamlined payment disbursement, improved account reconcilement, no need to store hard copies of cancelled checks, elimination of lost/stolen paycheck.
Progressive employers offer direct deposit and employees prefer direct deposit over receiving a paper check. It's more confidential, the employee receives access to their funds faster, as well as when they are on vacation or out sick.
Your business will benefit in a variety of ways by using ACH origination to make payments.
Reduced billing costs associated with invoice printing, envelopes and postage.
Funds are received faster, and therefore deposited to account on the due date and the amount of the credit is known in advance.
Reduced time to create invoices, reduced number of incoming checks to process, improved accuracy over customer-written checks, simplified research due to entire payment process initiated internally, easier handling of returned items.
Provides a progressive image to customers, provides an additional benefit to be offered, increases customer retention level.
Eliminates receiving checks after due date, eliminates second billing notices.