Who owns electronic payments network




















Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights.

Measure content performance. Develop and improve products. List of Partners vendors. The term Electronic Payments Network EPN refers to a financial clearinghouse that handles a variety of electronic funds transfers for the private sector. Funds are transferred using the EPN between accounts at the same or different financial institutions.

Examples of transfers under the EPN include deposits for payroll, Social Security benefits, and tax refunds, as well as debit transfers like loan payments and insurance premiums. The automated clearinghouse is a network that facilitates the electronic transfer of money from one account to another by allowing financial institutions to execute bulk transfers electronically—either credit or debit transactions.

Both of these systems process all of the ACH transactions in the country. The network was originally used to process recurring payments but now facilitates one-time debit transfers, such as payments made over the telephone and internet.

Many individuals and businesses prefer ACH payments because they are easy, convenient, and secure. For instance, the EPN is likely a key part of direct payroll deposits made by most employers, saving employees from a trip to the bank to deposit their paychecks. ACH payments are also ideal for things like recurrent billing, allowing for much faster processing and lower fees compared to checks and credit cards.

Here's how the system works:. Credit transactions settle in one to two business days while debit transactions settle in one business day. Read the Full Story. New technologies and payment methods are constantly evolving. Rely on our team of skilled professionals to provide next-level service, getting you back up and running in a flash.

Put the power of a Top 30 Acquirer and a direct processor behind all that you do. Underwriting and Risk Management In-house Risk and Underwriting means you have access to decision-makers. Support In-house chargeback, customer and tech support teams superpower your business. See what our merchant partners are saying about working with us.

Then, take advantage of the customizable tools we offer to be our next merchant success story! It's easy to search for information and maintain it, so I can use it to run all parts of my business. I've used point of sale for many types of businesses, and Exatouch is one of the best.

It's easy to use and obtain details. Like the other Exatouch features, it is very easy for us to use. Most importantly, each station supports all payment types, including EMV and contactless transactions. Our old phone support was just too expensive, so I had to fill the role to diminish operating costs.

The added peace of mind is priceless! These savings have improved my cash flow and increased my revenue , allowing me to invest in growing my business. We love our custom gift cards with our logo and so do our customers! The best thing is the dropoff in chargebacks, which were a regular issue. We love the way it looks and what it does for us! That's what we love about it—the solution is simple and seamless.

Dive into more Success Stories Get Social with Us Follow our social media pages to stay up to date on all things payments and point of sale—plus get a glimpse behind the scenes of Electronic Payments!

Have you ever felt that your concerns were not heard? Or your needs were not met? Or you were let down? Website: www. When Boston College alumnus Michael Nardy began selling auction software to companies during the height of the dot-com boom, he quickly noticed demand for money-transaction services among his clients. Founded in , Electronic Payments literally began in Nardy's college dorm room with only employee -- himself. But within three years, he had hired 25 employees in three different states, with a network of sales agents and 10, merchants across the country.

What Nardy had was a nearly omnipresent business model on his hands. As more and more people opt for paperless money, the necessity grows for a service to facilitate card and check transactions.



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