Apr
20
2016
ECS
April 20th, 2016 by Elma Jane

ECS: An Electronic Mode Of Funds Transfer From One Bank Account To Another

  • Paper check conversion
  • Debit Processing
  • Automated Returns Management
  • Reporting: Merchant Connect, ACS Standard and Custom Files, Enquire and Corporate Management Reports
  • Monthly Statement
  • Risk Services: Verification, Conversion
  • Image

ACH E-CHECK: Uses Bank Routing and Account Number In a CNP Environment.

  • Card-Not-Present e-Processing of ACH Debit
  • Known Relationship B/Consumer and Business
  • NOT for Ecommerce “Sale of Goods and Services”
  • Debit Processing
  • Automated Returns Management
  • Reporting: Merchant Connect, ACS Standard and Custom Files, Enquire and Corporate Management Reports
  • Monthly Statement
  • Risk Services: Verification, Conversion
  • No Image

 

Posted in Best Practices for Merchants, e-commerce & m-commerce Tagged with: , , , , , , , , , , ,