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What is ACH?ACH is the standard used by most financial institutions to process electronic transactions. The ACH feature in RVS allows you to automatically draft a customer's bank account for their utility payment, rather than have them mail a check. This amount is then automatically deposited into your bank account. What are the benefits of using ACH Bank Drafting in RVS?Using ACH Bank Drafting to process your utility payments saves you time. For each bank draft customer you have, there is one less envelope to open, one less payment to key in, and one less check that you have to wait to clear. For your customers, this saves them a stamp and the trouble of writing and mailing a check. It can also save your customers money by helping to avoid late payments and returned checks. In most situations, processing an ACH payment is cheaper than processing a check payment. Contact your financial institution for more information. What do I need to use ACH Bank Drafting in RVS?First, you need a bank that can process ACH transactions. Almost all larger banks can do ACH transactions, but it's still best to check and be sure. After you know that your bank can process ACH bank drafts, contact us to order the bank draft module for either RVS DOS or Mosaics. |
