ACH Payments is widely used payment instrument.
If you are looking for online resources to learn ACH Payments.Please do visit below link:
https://www.udemy.com/ach-payments/
https://www.udemy.com/ach-payments/
Know more about UPI - Unified Payments Interface developed by NPCI. This presentation gives an overall view of the technology behind UPI.A new initiative for a cashless and digital economy.
Real time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. It can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
Know more about UPI - Unified Payments Interface developed by NPCI. This presentation gives an overall view of the technology behind UPI.A new initiative for a cashless and digital economy.
Real time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. It can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
What payment is? What Payment Gateway/ Payment aggregator is?
How PG/Aggregator to be selected/charges/make money?MID & LiveID. What is Transaction, Refund? What are the Risk their understanding? What are Payment Pages, how to save cards, transaction routing & integration?
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
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Small businesses must provide their clients with various online payment choices.
Two of the most popular cashless payment methods, in addition to credit cards and e-wallets, are ACH credit and ACH debit.
Over $72.6 trillion was sent and received via the ACH network in 2021.
That represents a 17.4% increase from the previous year. Because they are quick, secure, and have cheap processing costs, businesses, especially subscription-based ones, are giving them priority.
ACH debit and credit both have distinct differences while being comparable. We'll highlight the most notable variations in this article and define each payment form.
What payment is? What Payment Gateway/ Payment aggregator is?
How PG/Aggregator to be selected/charges/make money?MID & LiveID. What is Transaction, Refund? What are the Risk their understanding? What are Payment Pages, how to save cards, transaction routing & integration?
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
Thank you for Watching
Subscribe to DevTech Finance
Small businesses must provide their clients with various online payment choices.
Two of the most popular cashless payment methods, in addition to credit cards and e-wallets, are ACH credit and ACH debit.
Over $72.6 trillion was sent and received via the ACH network in 2021.
That represents a 17.4% increase from the previous year. Because they are quick, secure, and have cheap processing costs, businesses, especially subscription-based ones, are giving them priority.
ACH debit and credit both have distinct differences while being comparable. We'll highlight the most notable variations in this article and define each payment form.
With the growing popularity and use of digital payment methods, questions are bound to arise in the mind of the customers for the preferred mode. eCheck has to be one of the upcoming and popular modes of payment processing.
Automated Clearing House (ACH) payments are electronic payments made through the ACH network, an extensive U.S. financial transaction network that processes large volumes of credit and debit transactions in batches. ACH payment services are known for their cost-effectiveness and efficiency, facilitating everything from direct deposit to auto bill payments.
Guide to Understanding Credit Card Processing for MerchantsChloeBeckham
How important are credit card sales to your business's growth? Our credit card processing guide will help you understand how to accept credit cards and what to look for in a credit card processor.
Insiders Guide to Merchant Services The Process of Getting Paid. How To Securely Process Payments Online With Next Day Funding. Including The Journey Transactions Take Through Processing Cyberspace.
This presentation will take you through all the steps a transaction weaves its way through before the funds are deposited into your business banking account. Be a smart business owner and learn the process of getting paid!
Once you understand the process of getting paid you can then find out ways to save on credit card processing fees to increase your cash flow and reduce fixed costs. Learn about the merchant service marketplace that is Velcro Pay, helping small business owners against predatory merchant contracts. when processors compete for your business you save! For more detailed information please contact Velcro Pay @ 877-477-7115 or www.velcropay.com
ACH, or Automated Clearing House, payments move money electronically from one bank account to another. Setting up your business to accept ACH payments gives you an alternative to credit cards, cash or checks.
How To Make An ACH transaction? - US Money TransferSalt Poziom INC
The Automated Clearing House (ACH) system is an electronic network used to process a variety of financial transactions, including bill payments and direct deposit of paychecks in the US. If there is a problem with an ACH payment, it may be possible to stop or reverse it, unlike wire transfers which are typically not reversible.
Read more about ACH transactions here: https://www.salt.pe/blog/can-a-bank-pull-back-an-ach-payment
Watch this video: https://www.youtube.com/watch?v=czIwdW9Cm3A
Salt is a fintech startup based out of Bangalore, helping businesses thrive in the international market with effortless international payments and the compliances.
Read more about Salt here: https://www.salt.pe
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
2. The ACH Network is a batch processing, store-and-forward system.
Transactions received by the financial institution during the day are stored and processed
later in a batch mode. Rather than sending each payment separately.
It also provides faster processing than paper checks, which must be physically handled.
Instead of using paper to carry necessary transaction information, ACH transactions are
transmitted electronically between financial institutions through data transmission.
What is ACH Network Operation
5. What is ACH Network Operation
ODFI/Sponsor
bank
RDFI/Destinatio
n bank
Originator/corp
orate/individual
ACH Operator
Fund movement in case of direct credit transaction
Fund movement in case of direct debit transaction
6. ACH Debit Transactions
RDFI ODFIACH Operator Seller
In ACH debit payment, the seller “pulls” funds from the customer or buyer’s bank account for transfer to the
seller’s bank account.
Buyer bank Seller bank
7. Use Case 1 ACH Debit
Bob wants to pay his mobile bill automatically which means on due date his account should get automatically debited with
due amount.
But why do
you want to
pay bill
automatically
You
1
Bob
2
I usually forget to
pay bills on due
date so I want to
avoid this situation
8. Use Case 1 ACH Debit
Ok but how
would you do
that?
You
3
Bob
4
Through ACH
network
9. Use Case 1 ACH Debit
What is ACH
network and
Why to pay
with ACH
You
5
Bob
6
OK lets
understand
this concept
10. Introduction of ACH network(ACH Debit)
ODFI/Sponsor
bank
RDFI/Destination
bank
Customer/Emplo
yee/companyOriginator/corpo
rate/individual
ACH Operator
1
2
3 5
4
6
7
8
11. Authorization of Debit(Mandate)
This can be given by using eMandate or paper based mandate or in any other digital way (typically varies country to
country)
13. Why ACH Network
Some of the most popular reasons to use ACH debit are:
• No need to remember to make payments.
• Elimination of the risk of late payments.
• Avoidance of late or interest charges through prompt, timely payments.
• No need to write checks (which you'll have to re-order once they're gone).
• Establishment of excellent payment and credit records.
• No need to get payments in the mail and pay postage.
• No need to wait for the postal service to deliver payments or worry about lost
mail.
• Easier to track payments since payee names appear on your bank statement or
financial software.
• More environmentally friendly (checks and envelopes use paper, and
transporting them uses fuel).
• Negligible processing charge compare to card and other payment modes.
14. ACH Debit examples
SIP Payments
Insurance
payments
Rentals
Loan/EMI
payments
Charitable
donations
Utility bill
payments
Contributions to
Individual
Retirement
Accounts
15. Quiz
1. In which direction fund movement takes place in ACH debit:
a. Originator to Receivers
b. Receivers to Originator
c. A and B
d. None of these are correct
2. Which instrument customer uses to give authorisation of debit in case of ACH debit payments:
a. Cheque
b. Demand draft
c. Paper Mandate
d. eMandate
3. Why does ACH operator send mandate files to RDFI
a. To verify customers account details
b. To check customers family details
c. To check customers job
d. To check account and customer details registered in the bank against the filled in details of mandate submitted by the
Customer
16. ACH Credit Transactions
ODFI RDFIACH OperatorBuyer
In ACH credit payment, the customer or buyer “pushes” funds from the buyer’s bank account to a seller’s bank
account.
Buyer bank
Seller bank
17. Use case 2 ACH Credit
BOB has opened a software company of 50-100 employee and he wants to credit salary on predefined date with less
processing charges and automatically.
How will you
do this many
fund transfer
in just 1 day
You
1
BOB
2 I will go with ACH
credit