Automated Clearing House (ACH) is an electronic payment network that processes financial transactions between banks and financial institutions, enabling secure and efficient money transfers.
This involves:
- Facilitating direct deposit and bill payments
- Processing payroll, tax refunds, and government benefits
- Supporting business-to-business and consumer-to-business transactions
In practice, ACH is widely used for tasks such as paying employees via direct deposit or automating recurring payments like utility bills. It offers a cost-effective and reliable alternative to paper checks and wire transfers, simplifying the exchange of funds.
ACH is critical to the modern financial system as it increases transaction convenience, streamlines payment processing, and reduces operational costs. By enhancing the speed and accuracy of financial transfers, the ACH network plays a key role in improving cash flow management for both individuals and businesses.
Simplify Program & Processes for Success
Case Study
Consumer Durables: Improving long-term loyalty through a cohesive user experience
A national lighting manufacturer wanted to switch up their channel incentive strategy in order to increase brand awareness and improve long-lasting relationships with distributors and contractors.
By creating a cohesive user experience - including the integration of training and gamification within this points-based rewards program and optimizing the engagement and comms strategy - this led to significant improvements in brand loyalty and increased revenue.
Learn how the program automations also improved the internal stakeholders reporting capabilities.