Blog - Everything ACH
by Jeff Gonzales
| Mon, 08 Mar 2010 17:30:27 +0000 Current Events It’s Free And It’s Not Too Late Tomorrow – March 9, 2010 – marks the beginning of our 4th year of partnering with UMACHA (Upper Midwest ACH Association) to bring you the best darned beginner level ACH Education for Free. And it’s FREE. Did I mention that? Oh, and it starts at 1:00 PM CT and should last about 90 minutes. It’s an entire series [...]  |
| Thu, 04 Mar 2010 19:51:51 +0000 Current Events The Good ‘Ol Days Remember when you were a kid and your parents would say something about ‘in the good ‘ol days’? In the good ‘ol days, candy bars only cost $0.15. In the good ‘ol days, a movie cost $0.50 and popcorn was a dime. In the good ‘ol days, a Stop Pay order was only good for one [...]  |
| Fri, 05 Feb 2010 04:15:32 +0000 Current Events, Education A Document by Any Other Name… A few years ago there was a document titled “Affidavit of Unauthorized/Improper ACH Debit Activity”. Sound familiar? Maybe not. And then it was discovered that there was some state law (I think it might have been an M state) that said something to the effect that to be a valid Affidavit, it must be notarized. That [...]  |
| Thu, 21 Jan 2010 17:28:43 +0000 Uncategorized They say time flies when you’re having fun… But I haven’t figured out why it’s going so fast for me. I’m just kidding, you know I love what I do. And I love working on this blog, and it really bothers me that I’ve been away so long. I have been responding to a few recent comments and questions, but it’s not the same [...]  |
| Tue, 24 Nov 2009 17:49:15 +0000 Beginner, Education ARC – Accounts Receivable Truncated Check Entries An ARC entry is a transaction for which the authorization is received in the mail or at a dropbox (can be received via US Mail, Fed Ex, UPS or any other traceable mail) in the form of a check. However, before it can be considered for conversion to an ARC entry, the Originator must ensure [...]  |
| Thu, 12 Nov 2009 16:07:58 +0000 Uncategorized A little break… I wanted to take a short break from SEC Codes. Don’t get me wrong, I know it’s riveting reading. But I wanted to celebrate for a moment instead. I want to celebrate 2 things; 1. We recently completed our FREE 2009 ACH Educational Webinar Series and I just wanted to say thank you to all who participated [...]  |
| Tue, 27 Oct 2009 22:15:02 +0000 Beginner, Education Standard Entry Class (SEC) Codes: WEB A WEB entry is a transaction for which the authorization is received via the Internet. WEB should only be used for Business to Consumer transactions and can only be debits; Single or Recurring. Authentication: Just like TEL transactions, WEB transactions require that the identification of the consumer be verified before the authorization piece takes place.* Authorization: While [...]  |