{"id":3904,"date":"2021-12-19T22:11:10","date_gmt":"2021-12-19T15:11:10","guid":{"rendered":"http:\/\/bbs.binus.ac.id\/management\/?p=3904"},"modified":"2021-12-19T22:11:10","modified_gmt":"2021-12-19T15:11:10","slug":"advantages-of-using-an-automated-clearing-house-network","status":"publish","type":"post","link":"https:\/\/bbs.binus.ac.id\/management\/2021\/12\/advantages-of-using-an-automated-clearing-house-network\/","title":{"rendered":"Advantages of using an automated clearing house network"},"content":{"rendered":"<p><strong>Nyi Mas Dhyandra Nur Annisa, 2401989770<\/strong><\/p>\n<p>Some of the advantages of using an automated clearinghouse network \u00a0(ACH)\u00a0 include:<\/p>\n<p><em>Customer&#8217;s<\/em> point of view<\/p>\n<ul>\n<li>No need to write a check. Only by using a payment application or online <em>banking system <\/em>\u00a0(online bank system), <em>customers <\/em>can initiate a warning through their mobile phone just by pressing a button once. Scheduling ACH payments even makes the process easier.<\/li>\n<li>Payments can be processed and received quickly through <em>online banking <\/em>(online bank system)\u00a0 or files directly (real time<em>).<\/em><\/li>\n<li><em>Customers <\/em>can schedule payments within the same day or schedule payments for future dates.<\/li>\n<li>Less paper means more environmentally friendly, <em>customers <\/em>can directly receive salaries directly deposited into their respective bank accounts or receive money through a digital wallet<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The point of view of the company or businessman<\/p>\n<ul>\n<li>Speed, when the <em>customer uses <\/em>a check it will take a long time to process and enter the company&#8217;s account.<\/li>\n<\/ul>\n<p>ACH can significantly reduce the time it takes to process a payment. In addition, \u00a0ACH \u00a0transactions may carry information on various accounts or invoices associated with each payment.<\/p>\n<p>Then how can this ACH transfer work? ACH transfer works based on a batch <em>processing system <\/em>(one set processing system) \u00a0instead of <em>a real-time processing <\/em>system. This means that banks and other financial companies receive and store customer <em>requests <\/em>for a full day and then send them electronically as <em>batches <\/em>to other financial companies. ACH transfer stages include:<\/p>\n<ul>\n<li>A person or business or other entity initiates payments through the ACH<\/li>\n<li>Information from the ACH transfer is then sent by the bank to the clearing facility company.<\/li>\n<li>ACH transfer data is then sorted, and given access to the bank by the clearing facility company which is then indicated as the recipient of the ACH transfer.<\/li>\n<li>The receiving institution (bank) then debits or credits the account of a person or business or other entity detailed in each ACH transfer.<\/li>\n<\/ul>\n<h6>References<\/h6>\n<p>Lake, R. (2017). How do ACH payments and ACH networks work?<\/p>\n<p>McAndrews, J. (1994). The Automated Clearinghouse System: Moving Toward Electronic Payment.<\/p>\n<p>Silitschanu, P. (n.d.). Automated Clearing House (ACH) Transfers: How Do They Work?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nyi Mas Dhyandra Nur Annisa, 2401989770 Some of the advantages of using an automated clearinghouse network \u00a0(ACH)\u00a0 include: Customer&#8217;s point of view No need to write a check. Only by using a payment application or online banking system \u00a0(online bank system), customers can initiate a warning through their mobile phone just by pressing a button [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3904","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/posts\/3904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/comments?post=3904"}],"version-history":[{"count":1,"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/posts\/3904\/revisions"}],"predecessor-version":[{"id":3907,"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/posts\/3904\/revisions\/3907"}],"wp:attachment":[{"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/media?parent=3904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/categories?post=3904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bbs.binus.ac.id\/management\/wp-json\/wp\/v2\/tags?post=3904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}