What Are ACH Payments and How Do They Work

What Are ACH Payments and How Do They Work?

Every day, people are interacting with ACH transactions, even if they don’t realize it. ACH payments are commonly known as things like direct deposit and are considered to be the main reason why paper checks are falling out of style … Read More

Understanding the ACH Network

Understanding the ACH Network

If you have ever sent a payment using bank-to-bank, or if you have received your paycheck through direct deposit, then you have interacted with the ACH Network.  In the simplest form, the ACH Network is the system that processes a … Read More

The ACH Network and OFAC What You Need to Know

The ACH Network and OFAC: What You Need to Know

If you have ever sent money directly through your bank account, then you’ve interacted with the Automated Clearing House (ACH) Network. This network, which exists solely in the United States but operates similarly to other money transfer networks worldwide, is … Read More

Secure Bank Account Linking with Electronic ACH Transfers

Secure Bank Account Linking with Electronic ACH Transfers

Sending money electronically is a fast and convenient way to pay for food, services, or even a favor. So when you send the money, you want to make sure that your banking information is safe.  Sending a money transfer through … Read More

How Does an ACH API Support Blockchain Technology

How Does an ACH API Support Blockchain Technology

Transferring money into the U.S. has notoriously been cumbersome to do. For example, U.S. ex-pats abroad have a hard time sending and receiving electronic payments in USD, and they have to wire transfer or connect a series of banks in … Read More

Security Best Practices for ACH API Payment Data

Security Best Practices for ACH API Payment Data

Sending a payment over the ACH Network provides users with a fast and easy payment option for bank-to-bank money transfers. Since an ACH transaction involves the sharing of sensitive information, typically through an online network, it’s important that the ACH … Read More

How Long Does an ACH Transfer Take

How Long Does an ACH Transfer Take?

The Sila API allows users to send money transfers electronically via ACH transfers and the Sila token. Unfortunately, for most people who use ACH transfers to make a payment, sending and receiving money is not instantaneous.  Instead, it may take … Read More

Do ACH Payments Have Fees

Do ACH Payments Have Fees?

Sending money transfers sometimes come with fees. If you send a lot of money, especially by wire transfer, then you know that these fees can definitely add up. Sending money as an ACH transfer can save you from spending a … Read More

ACH Return Codes

When processing an ACH payment, you may come across an ACH return code and there are hundreds of reasons why a return code can occur.  If working with an ACH payment client, like Sila, it’s important to understand what these … Read More

ACH API for Developers

If you are an online retailer or e-commerce store, then you are well aware of the frustrations that can emerge at checkout. Statistics show that approximately 75.6% of shopping carts are abandoned globally, and that number rises to 85.65% on … Read More