Has your business digitized your payment process yet?
As your business grows, our Alpine Online Business Services allow you the time-and-money saving benefits of sending and receiving funds through the Automated Clearing House (ACH) network.
ACH is a network used for electronically transferring funds between U.S. bank accounts. The head of the ACH Network says same-day ACH payments have grown “significantly” in 2023. In just the first six months of 2023, the value of ACH payments was nearly $1.2 trillion, a 51.7% increase from the prior year, while the volume of same-day ACH (automated clearing house) payments was at 385.6 million, a 13.7% increase. Business-to-business (B2B) payments rose 10.4% from a year earlier, to north of 1.6 billion, continuing a double-digit growth trajectory seen last quarter.
Businesses can use ACH transfers to send credits or debits and for a number of different reasons, however some of the most common reasons are to send funds for payroll or payments or to pull in funds for items like membership dues or payments.
Save your business time and money, leaving more time to grow your business with the benefits of fewer envelopes and stamps, less employee time spent on mailing and processing payments with our ACH services.
Learn more or request info on how to enroll for these services here.
About This Author