ACH

Payment Processing

ACH is most commonly used by merchants who bill customers on a regular basis (e.g. utilities, insurance companies, health clubs, property management), but is ideal for any type of merchant. Whether you bill your customers on a recurring basis or one time only, ACH is right for you.

BRINGING YOUR BUSINESS TOGETHER

Processing ACH transactions through First National Merchant Solutions offers you more than just Web transactions and check conversion. It completes your electronic payment solution. It lets you expand your opportunity while actually consolidating your effort.

However you accept payments today, First National lets you add an additional payment type….and pays you for it with your credit transactions, if you choose.

Consolidate payments by processing ACH transactions in the same batch as your credit transactions and benefit from the convenience of:

• Single deposits.
• Combined reporting.
• Fewer 3rd party vendors.

And, compared to paper check transactions, ACH transactions cost less to process, are easier to handle and decrease your risk of losing payments.

What is ACH processing?

Through First National Merchant Solutions' ACH product you can run automatic withdrawals and deposits, turn paper checks into electronic transactions, consolidate corporate funds or accept unscheduled transactions over the phone or Internet.

ACH is most commonly used for:

• Direct deposit (Payroll)
• Recurring payments
• Mail/Telephone order
• Web transactions
• Conversion of a paper check

Benefits to you:

• Convenience. At First National Merchant Solutions can you submit and receive payment for your ACH transactions with your credit transactions!
• Simplicity: With automatic re-clear functionality, ACH transactions work to collect insufficient funds without your involvement.
• Flexibility and Service: Offer your customers an additional payment method…one that they prefer.
• Reduced Cost : ACH transactions are cheaper to process than checks or credit cards.

Benefits to your customers:

• Convenience : Payments are always on time, and there's no need to spend time writing checks.
• Familiarity: Direct deposit has helped customers become comfortable with ACH as a payment type.
• Increased Security: ACH transactions require less information to process than checks, and the information is less vulnerable throughout the transaction lifecycle.

HOW IT WORKS

1. Your customer submits a payment (over the phone, through your Web site or through the mail) or a recurring payment is due.
2. You enter the transaction information into your file or POS system (for Web transactions, your customer completes the information). At the end of the day, your POS system will route your ACH and credit card transactions to First National Merchant Solutions for processing.
3. You will receive ACH payment with your credit card funds in one deposit. We take your transactions and submit a file to the ACH Operator (Federal Reserve).
4. The ACH operator (Federal Reserve), submits the transactions to your customers' banks.
5. Your customers' accounts are then debited or credited.