Automated Clearing House (ACH) is a network of financial institutions that transmits electronic debits and credits throughout the U.S. Transactions include payroll, consumer bills, tax payments and refunds and many more payment services. ACH is a cost effective and timely way to move money.
The mission of ACH Central and the ACH Advisor newsletter is to keep credit unions up-to-date on ACH rules and regulations, processes to improve operational efficiency, deadlines, training opportunities and answers to their ACH questions.
Catalyst Corporate offers a full complement of ACH services, including ACH Origination, ACH Receipt, International ACH, Business ACH Origination, ACH Contingency Support and ACH Fraud Protection.
Additionally, a team of Accredited ACH Professionals provides training on ACH topics throughout the year, such as:
- ACH Rules
- ACH Audit Requirements
- Risk Management and Assessment
- Returns and Exception Processing
Be sure to check this website in the coming months for the latest ACH information and to learn all you need to know about Phase 2 of the Same-Day ACH Rule, scheduled to take effect on September 15, 2017. This Phase includes domestic ACH debit transactions < $25,000.