Now the bank, can offer this new and highly anticipated same-day ACH payment option to merchants in a seamless manner side-by-side with card acceptance.
"There are many business applications for faster ACH payments and they will only increase as we move through the phases of service delivery mapped out by NACHA going forward. ISO partners and their merchants gain a real benefit by having access to the bank centric delivery of payment solutions," adds Bart Murphy, Executive Vice President of Commercial Banking, Avidia Bank.
Same-Day ACH features include:
Pin protection that limits access or use of same day ACH
A balance confirmation prior to sending the ACH credit
A "My Balance" feature shows a real-time balance and option to add funds
Send payment via email or Virtual Terminal (up to $25,000.00 per transaction)
According to Richard McShirley, CMO of linked2pay, the advent of same-day ACH offers businesses a marked improvement in funding speed. “Our partnership with Avidia Bank enables us to apply more user friendly and efficient options and features for merchants which also benefits our bank and ISO partners."
