With more than 5.7 billion ACH transactions consummated in the first quarter of 2018, including a dramatic jump in same-day ACH transactions, payroll providers may want to consider their options for obtaining secure, reliable and cost-effective ACH processing services.
The association reported increases in every major transaction type, from B2B to direct deposit payroll to internet and person to person transfers. Same-day ACH transactions, which entered
ACH Processing Convenience, Cost, Expertise & Security
For payroll providers, keeping up means finding an ACH processing partner that is a good fit for the needs of their business and their clients. But it's not a decision that should be undertaken without a thorough consideration of the drawbacks and benefits of the options. Convenience, cost, expertise
At Cachet, we process $150 billion annually in ACH transactions for more than 110,000 employers. Our management team has been a part of the payroll and payroll tax industries since 1969 and we are part of a network of companies with expertise in every aspect of employee compensation, from payroll taxes to time and attendance. We are
The choice of an ACH processing partner in an era of rapidly moving money and still-expanding processing capabilities is not an easy one. But we can help. Our whitepaper, Third-Party ACH Payroll Processors vs. Banks, outlines the key considerations underlying the choice of an ACH processor. It includes a framework that will help you choose an ACH processing partner you can rely on now, and continue to rely on as your business grows.
Highlights of this whitepaper include:
- Differences in Processing Hours
- Cost Differences
- Differences in Payroll Reconciliation Practices
- Security Considerations
- Auditing Requirements
- Customer Exclusion policies
- Limits on Payroll Size
- Payroll and HCM Software Partnerships