ach solution providers

The check 21 processing services are governed by check laws and Uniform Commercial Code. Check 21 processing utilizes transfers of images from one bank to another in order to process all the payment transactions. ACH and Check 21 transactions are cleared through the Federal Reserve. One striking difference between ACH and Check 21 processing is actually based on the regulations that govern these payment processing systems. NACHA regulations govern ACH payment transactions. According to traditional forms of regulations, transactions that are also known as a chargeback or consumer unauthorized should always be kept under one percent.

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