The new SOAP5 API from ACHWorks will support Tokenized bank account information.
ACHWorks is proud to announce the 5th version of its robust, platform-independent ACH Payment API. Don’t want the liability of storing your customer’s bank account information? Our new SOAP5 API now allows bank information to be stored within our secured servers instead of yours.
Send us the Customer bank account information once and we return a unique customer identification number (token) to use when doing future ACH transactions to that customer.
Worried about possibly needing that bank account information in the future? No problem; it can be retrieved at any time with a simple API call to our secured servers.
Plus, ACHWorks will also auto-correct the bank account information stored if the customer’s bank sends us a Notice of Change record.
Not an ACHWorks Client? Contact Sales@ACHWorks.com today to learn more.
Already an ACHWorks Client but want to use the Tokenized ACH API, contact Support@ACHWorks.com and ask about using the SOAP5 API.
Gold River, CA September 22, 2017 — ACHWorks is joining a growing list of online lending innovators exhibiting at LEND360, October 11–13, in Dallas, TX. LEND360 brings together the entire ecosystem of online lending, including consumer, small business and marketplace lenders, tech platforms, legal counsel, investors and more. More than 850 online lending professionals from across the globe connect for three days of sharing insights, innovations and information.
“We’re proud to be an exhibitor and delighted for the opportunity,” says Dave Kirk National Sales Manager, ACHWorks. “With all the potential customers and contacts there, we expect it to be very lucrative both near and long term for us.”
ACHWorks’s National Sales Manager and our President Ryan McCurry will be on hand at LEND360 to demonstrate ACHWorks ability to clear the confusion, lower the expenses and increase the profits for loan and advance reconciliation in both the Business and Consumer Finance space.
ACHWorks is a Third Party Processor based in Gold River, CA, and serving B2B and B2C industries. ACHWorks has a reputation for quality, reliability and performance in the payment’s industry
LEND360 will be held October 11–13, 2017, at the Fairmont Dallas Hotel. Registration for LEND360 is now open. To learn more, visit www.lend360LEND360.org.
Cash flow is the lifeblood of companies, and faster closure of accounts receivables ensures smoother operations, particularly with respect to purchases, payroll, investments, debit reduction and any other functions requiring payment. Cash flow forecasting is one of the key metrics for most treasury departments and one of the most challenging to get right consistently.
Previously, ACH payments or collections initiated “today” were received and settled “tomorrow.” The classic/next-day ACH transfer is still an option, and Same Day ACH is even a faster offering. Giving flexibility when further speed is needed for making a payment. For example:
On Sept. 15, 2017, Same Day ACH was made available for debit payments (when funds are “pulled” from a customer account) enabling the same-day processing of virtually any ACH payment. Same Day ACH debits can improve the collections and cash flow process too. For example:
While Same Day ACH is an optional payment method for sending or collecting payments, businesses that receive ACH payments will now be empowered to receive Same Day ACH payments in addition to “classic” ACH payments.
Spend a moment and think of the possibilities available to you by receiving the funds being paid to you one day sooner. What could you do with the added Cashflow and shorter DSO average? Some of our clients have determined this one aspect could mean a tremendous opportunity for re-investment of their receivables. What could it mean to you?
Same Day ACH presents a range of opportunities for both the payables and receivables sides of the business. With this, it’s important as well to understand the all the implementation considerations as Same Day ACH can have a great impact on your business.