Process electronic funds transfers
Along with taking cash, check, or credit card - Avant-Garde ACH/eCheck programs give you an easy, low cost way to electronically collect payment from your customers or clients using an electronic funds transfer (EFT) system.
ACH services can be a helpful tool in simplifying the collection of many financial transactions such as rent payments, recurring payments, telephone or online purchases, association and club dues, corporate-to-corporate payments. social security payments, annuities and many other transactions that your business may want to streamline.
Our ACH programs also provide an efficient means of crediting payments as well, which can be useful for many applications such as payroll and pension payments, employee expense reimbursements, corporate-to-corporate payments, dividends and interest payments, charitable donations, telephone or online purchases, mortgage and installment loan payments, insurance payments, tax payments, dividend and Interest payments, and contributions to IRAs, SEPs, 401Ks, and many others.
The Automated Clearing House (ACH) network is a highly reliable and efficient, electronic funds transfer system. Both the Federal Reserve and Electronic Payments Network act as ACH operators, or central clearing facilities through which financial institutions (banks) transmit or receive ACH entries.