ACH Direct Provides "One-Click" Transaction Automation Through New QuickBooks Interface.ALLEN, Texas Allen is a city in Collin County and a northern suburb of Dallas, Texas (USA). As of the 2000 census, the city had a total population of 43,554. As of April 2007, the city's population is estimated at 77,465. -- ACH Direct, Inc., a leading technology provider of Automated Clearing House See ACH. (ACH), credit card and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and risk management services, announced a new feature for QuickBooks users which automates the retrieval and posting of payment records. Through an enhancement to ACH Direct's versatile PaymentsGateway(TM) platform, merchants are able to process mail-order, telephone-order, point-of-sale and web-based transactions and then automate the retrieval of these payment records directly into the QuickBooks accounting software, eliminating the need for rekeying In cryptography, rekeying refers to the process of changing the encryption key of an ongoing communication in order to limit the amount of data encrypted with the same key. financial transaction data. "This is a one-click solution for merchants," said Jeff Thorness, president and chief executive officer of ACH Direct. "Our QuickBooks data exchange interface streamlines transaction processing for merchants who are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a cost-effective and efficient way to accept payments, regardless of how the items are received. The new feature saves merchants time by automating a tedious manual process and reduces risk associated with manual errors such as duplicate entries. In addition, by processing their payments through ACH Direct, merchants have access to all major payment methods and a wide variety of payment acceptance solutions." Using the new exchange module provides merchants with a more robust, versatile processing alternative to an out-of-the-box solution. ACH Direct's PaymentsGateway[TM] allows access through one single connection to existing merchant accounts with all major processors, including First Data, Nova, Global Payments, and TSYS TSYS Total System Services, Inc. . A versatile payment processing platform for single or recurring transactions, in either real-time or batch mode, PaymentsGateway[TM] allows transactions to be originated via a multitude of methods in a secure and PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). compliant manner while offering best-in-class solutions such as powerful reporting tools and risk management products. Marketplace demand for PaymentsGateway's[TM] advanced payments technology was a significant contributing factor toward the record numbers of transactions processed by ACH Direct in 2006. The diversification of credit card payment processors available through PaymentsGateway[TM] was the catalyst for a 66 percent increase in credit card transaction volume in 2006. About ACH Direct, Inc. ACH Direct is one of the fastest-growing privately held electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. processors in the United States, with $6 billion in transactions processed in 2006. ACH Direct's customers benefit from a comprehensive suite of payments products and services, including ACH origination, check verification, identity verification, credit card and debit card processing. Dedicated to providing superior customer service and industry-leading technology, ACH Direct provides tools to help organizations of all sizes reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , mitigate risk and increase efficiencies. For more information, visit www.achdirect.com. About PaymentsGateway[TM] PaymentsGateway(TM) is a high-capacity modular payment processing platform designed for maximum flexibility and availability. Merchants using PaymentsGateway both simplify and enhance their current processing options. The proven third-generation design enables companies to process single or recurring electronic check (ACH), credit card and debit card transactions in either real-time or batch mode. Software developers and solution providers using PaymentsGateway can integrate a complete spectrum of cutting-edge payments technology through one common API interface. |
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