ACH PROCESSING

BEST Card Systems provides solutions that are powerful yet simple to use while providing you every feature necessary to successfully process single or recurring transactions through the Federal Reserve ACH network.

	Internet-based terminal.
	Soft Terminal: Designed for single transactions only, whether ACH or check verification.
	Real-time Payment Processing Integration: Typically for clients that need to link their proprietary front-end or back-end systems directly into BEST Card Systems’s payment gateway

The Automated Clearing House (ACH) is a nationwide electronic funds transfer (EFT) system that facilitates the inter-bank clearing of credit and debit transactions and information exchanges among participating financial institutions. ACH is one of the groups of processing institutions that have networked to exchange (clear and settle) electronic transactions. In 1974, the regional ACH associations formed the National Automated Clearing House Association (NACHA) to develop standards governing ACH transactions. See http://www.nacha.org for more information

How does the ACH process work?

1.	An ACH entry starts with a Receiver authorizing an Originator to issue an ACH debit or credit to an account. An Originator can be a person, the gas company, your local cable company, or your employer. Depending on the ACH transaction, the Originator must receive written (e.g. Fax, ARC, POP, PPD), verbal (TEL), or electronic (WEB) authorization from the Receiver.
2.	Once authorization is received, the Originator creates an ACH entry to be given to a Payment Processor like BEST Card Systems.
3.	The Payment Processor then submits the data to an Originating Depository Financial Institution (ODFI), who can be any financial institution that does ACH origination.
4.	This ACH entry is then sent to an ACH Operator (usually the FED).
5.	Then it is passed on to the Receiving Depository Financial Institution (RDFI), where the Receiver's account is issued either a credit or debit depending on the ACH transaction.