Greater Security
Security is often the first thing people think about when it comes to transactions. No one wants their bank details spread into the wider internet, nor do they want to find out that their payments were intercepted whilst in transport, whether accidentally or on purpose. Especially in the digital age, where almost everything we do is online and public, transactions, especially on a commercial level, need to be incredibly safe and secure. Paper checks can easily be lost in the post, even with today’s tight standards. Worse, paper checks need to be processed through several different people before being cashed. This means there are several points of contact where human error could occur, leading to payments going to the wrong place. Worse, this provides a large number of points where tampering or forgery could take place. Though this isn’t a hugely common issue, when a business is processing vast numbers of transactions at a time this can become more and more of a rising threat.
ACH payments go through a central network, where the details of the transaction are never seen by a human individual. This means that your transactions are discreet and, most importantly, safe and secure. Through this automated system, checks cannot simply be lost or tampered with, they just go from your business to the customer and vice versa in a clean, closed network.
