Jeffrey Cohen Rationalizes Automated Optical Clearing House

Automated Clearing House (ACH) is an electronic optical method for financial transactions in the United States of America. This network processes large amounts of debit and credit transaction information.

The most applicable Automated Clearing House transfers include payrolls, direct deposits and vendor payments. Consequently, ACH debit transfers include consumer payment on mortgage loans, insurance premiums, tax refunds, tax payments and other relevant bills.

ACH is generally a computer-based clearing and settlement network that was established to help with electronic transactions between institutions. The National Automated Clearing House Association runs this electronic funds-transfer system. With the subsequent use of electronic clearinghouses to smoothen electronic money transfers, both government and business transfers have increased efficiently.

“Truth is, Automated Clearing House (ACH) is a secure payment transfer system that links all financial institutions in the United States. The network in itself acts as a central clearing system for all Electronic Fund Transfers transactions, thus creating an important link in the national banking system. Payments then linger in something affiliated to a holding pattern while pending clearance for the ultimate final banking target,” Jeffrey Cohen added.

Thousands of financial institutions nationwide transfer and receive Automated Clearing House entries via ACH operators like the American Clearing House Association, the Electronic Payments Network, the Federal Reserve and Visa.

The good news is, business of any kind can hugely benefit with Automated Clearing House transactions. There are four basic uses of ACH; consumers can easily pay for their products and services, businesses can pay suppliers and vendors for their services, employers get to make direct payrolls into their employees’ bank accounts and lastly, individuals can easily transfer money through different banking accounts.

“Most businesses prefer Automated Clearing House payments because of benefits such as eliminating the need to issue out a paper check or rather, taking a written paper check to the post office for it to be mailed. ACH also eliminates the risk of payments getting mixed up in the mail. In addition to this, it is with great pleasure that most businesses are able handle payments much quicker and more reliably, “ Jeffrey Cohen added.

On a daily basis, more and more clients are using ACH payment-processing system for a number of reasons, some of which are similar to those mentioned above. But of all benefits, nothing can beat the primary benefit of not having to run to the post office at the last minute just to mail off a payment before the deadline expires. This system also eliminates the fear of payments getting lost or mixed up with other mail.

Since we live in a world where time is money and consumers are in search for convenience, Automated Clearing House system is a win-win solution for them as well as businesses.

About Jeffrey Cohen Optical:

Jeffrey Cohen, Originator and CEO, has 8 years of experience in the same position at Golden Pear Funding, one of the top three national legal advance companies in the United States today. Mr. Cohen is also President of the Cohen Management Group, a private equity company managing a variety of investments and President of Operations for General Vision Services.

Jeffery Cohen is the successor of the New York City’s well-known Cohen’s Fashion Optical.  Today, there are over 100 Cohen’s Fashion Optical stores in major mall and city locations throughout seven east coast states and Puerto Rico.   Learn more at https://www.goldenpearfunding.com