PLANO, Texas, Oct. 10, 2017 (GLOBE NEWSWIRE) -- GlobalOnePay, a division of Pivotal Payments offering global omni-channel payment processing technologies and merchant services, today announces the launch of its ACH (Automated Clearing House) payment processing solution . The update adds flexibility and convenience for eCommerce and card not present merchants, delivering the ability to accept eCheck (electronic check) payments.
GlobalOnePay is incorporating ACH into its already robust line of online payment processing tools in order to meet the growing demand for this form of payment. According to NACHA — The Electronic Payments Association®, ACH network volume accounted for over 25 billion payments and $43 trillion in transfers in 2016.
Convenient eCheck processing solution
GlobalOnePay’s ACH processing is built into its payment gateway and seamlessly integrates with every major shopping cart for simple, secure eCheck acceptance. An eCheck plays a similar role as its paper counterpart; however funds are withdrawn digitally from a buyer's checking account and transferred over the ACH Network. Once funds clear, they are deposited into the merchant's bank account.
Ideal alternative payment method
Although credit card usage is steadily rising, nearly one third of all Americans still do not own one. EChecks provide business owners the flexibility of receiving electronic payments, regardless of whether or not their clients own a credit card. And unlike paper checks, electronic checking allows merchants to save time and money by foregoing trips to the bank and through faster clearing of payments. Another benefit of transferring funds through the ACH network is for large volume purchases; eChecks can bypass limits imposed by card brands for credit card transactions.
“Adding ACH processing to our suite of products offers businesses greater control over how they accept payments,” said John Hughes, general manager of GlobalOnePay. “Tapping into the ACH network creates a valuable alternative for many merchants who need eCheck processing, along with taking credit cards.”
"Our customers expect speed and convenience, which is why we've integrated ACH into our platform as a secondary credit card option," said Tedd Huff, GlobalOnePay's VP of Product. "Our goal is to make accepting online payments simple, secure and dependable, without requiring third party gateways or plugins."
For more information on GlobalOnePay’s ACH solution, visit: https://www.globalonepay.com/products/ach-payment-processing
About GlobalOnePay
GlobalOnePay, a division of Pivotal Payments, is a leading provider of global omni-channel payment processing technologies and merchant services. The company’s modular, scalable, cloud-based platform enables businesses of all sizes to grow faster by accepting a wider range of payments from virtually any market in the world. GlobalOnePay also provides a comprehensive range of merchant services to help businesses increase sales and efficiencies for online, in-store, and mobile purchases. For more information, visit www.GlobalOnePay.com .
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...3d0effbcff
Louis Georgakakis GlobalOnePay 1 (844) 864 9590 ext. 8001 lgeorgakakis@globalonepay.com
