Expand customer payment options by offering ACH/electronic check processing.

ACH/Electronic Check Processing

The benefits of ACH payment processing:
  • Allows merchant to expand revenues by accepting a complete range of payments
  • Lower processing costs than credit cards
  • Ideal for government agencies, service providers, education, and other industries where check payment is customary
  • Can be used in recurring and subscription billing
  • Funds are deposited faster than paper checks
ACH processing is available via many of our TC SMART Products:
  • TC POS Vault: Secure, reliable and easy-to-implement point of sale solution.
  • TC Trustee Host: Hosted payment page that integrates into the check out process of a shopping cart or other online payment system.
  • TC Trustee Merchant Host: Merchant-hosted payment application. Allows payment processing from merchant’s web site without the need for redirection to another hosted payment page. Merchant never handles cardholder’s sensitive data thereby greatly reducing PCI compliance risk.
  • TC Payment Portal: Fully customizable web-based application that lets merchants extend payment acceptance options directly to cardholders through a secure web site.
  • TCLink API: Enables easy integration into merchant’s software, POS cash registers, fulfillment house, or web site.

More consumers have debit cards than credit cards, and consumers use debit cards more often than cash, credit cards, or checks individually.

Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, Jan 2010

ACH payment volume increased by more than 475 million transactions in 2009, bringing year-end total transaction volume to 18.76 billion, according to NACHA.

There are more than 609.8 million credit cards held by U.S. consumers.

Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, Jan 2010