Automated Clearinghouse (ACH) Payments

Overview

Some suppliers may not be able or willing to receive credit card or virtual card payments. They may have technical constraints or don’t want to pay card fees, even if it means faster payment.

We get it. Corporate Spending Innovations offers payment solutions to match every supplier’s requirements.

How it Works

ACH is an alternative payment solution to virtual credit cards. Payment funds are pushed directly into the supplier's bank account. Faster than a paper check, funds are usually received within one business week and come with no supplier fees.

1

Payment

Payment is initiated by the customer.

2

Remittance

The bank submits the file into the ACH network for processing and delivery to the supplier’s bank account.

3

Settlement

The supplier receives payment in their bank account along with an electronic remittance advice.

What to Expect

Simplicity

Your payments and remittance details live on one platform. Say hello to simple reconciliation and easy access to transaction details.

Control

Match your workflow. Our platform provides controls throughout the payments sequence so you never send out a payment without proper approvals.

Accuracy

Eliminate costly human errors and the manual processes that create messy data.

Visibility

Real-time payment status updates to avoid late payment fees and identify duplicate invoices.

Learn more. Call 866-998-0437 and speak with a certified AP expert today or schedule a demo.

Book a Demo