Led by executive Brian Kamstra for more than two decades, Retriever Merchant Solutions delivers state-of-the-art payment processing systems to more than 30,000 businesses across the country. Retriever Merchant Solutions specializes in equipment and software that facilitate transactions made with credit, debit, and electronic checks.
Also known as eChecks, electronic checks are one of the oldest and most commonly used forms of electronic payment transfers. The use of eChecks is regulated by the Federal Reserve. Direct deposit of a paycheck and bill autopay are examples of eCheck transactions. When a customer, business, or other entity sends an eCheck to a recipient, the money is moved from one account to another using the Automated Clearing House (ACH) network. The ACH reduces the cost and processing time for electronic checks. Businesses that want to accept eChecks must set up the appropriate payment gateway. Check scanners allow companies to accept paper checks electronically, while specialized payment processing software can enable eCheck transactions. Please visit http://www.rmsnpc.com/ for more information!
0 Comments
|
AuthorRetriever Merchant Solutions - Options in Payment Processing Archives
October 2020
Categories
All
|