ACH (Automated Clearing House) is a secure, electronic network which banks use to transfer money. This payment method gives companies the ability to electronically accept and send funds, allowing for more flexible payment options.

The benefits that ACH payment processing offers has moved many companies to start utilizing ACH for all their payroll needs. Here are the top benefits of using ACH payroll processing :

ACH is More Secure

Since its inception, ACH has aimed to protect its users from fraud. Because of this, ACH has several layers of built-in security, which is why no financial interest represented by ACH transactions has ever been hacked. that ACH payment processing offers has moved many companies to start utilizing ACH for all their payroll needs. In addition, any entity that uses direct deposits, e-checks, electronic funds transfers, bank transfers, or other types of electronic payments relies on ACH data in order to initiate and complete these transactions. This can explain the need for the several layers of security. For more information on ACH regarding security, you can visit https://www.tokenex.com/solutions/nacha-compliance or similar webpages that can give you more information on the topic. That being said, here are the top beefits of using ACH payroll processing.

ACH is More Convenient

As a payroll method, ACH can be used to directly deposit an employee’s salary into his or her bank account. When ACH is utilized correctly, it is able to deliver hundreds of millions of transactions without an error or delay. And more significantly, the security of the payroll process is improved.

ACH is More Cost-Effective for Employees

Ultimately, with time, check cashing, and bank fees, all traditional payroll methods incur hidden costs for employees. This drawback can provoke valuable employees to seek alternative employment.

ACH is Beneficial to Employers

ACH ensures your employees that they are receiving the best payroll method you can offer, and your company benefits from positive workforce morale and employee trust.

Conclusion

Now that you better understand a few of the top benefits of ACH payroll processing, consider changing to ACH payments to begin enjoying an easier, faster, and more secure direct deposit payroll solution.

For more information on how ACH payments can help streamline your payroll process, please visit www.ach-pay.com .