What You Need to Know About the ACH (Automated Clearing House) Network

Everyone wants to get their utility bills and mortgages paid on time when the month ends. The problem is; not many people are into writing checks, also, sorting fees to mail these bills is proving to be a hassle. A simpler way to go about it is to sign up for automatic payments with each company. By doing so, you can inform your utility and mortgage companies, to debit the corresponding laid down amounts from your account on specific days every month.

When the fixed date reaches, the receiving company (receivers) will contact the billers (originators) and ask them to request your bank to transfer the stipulated amounts from your eMerchant account (or any other) to the lender’s account in line with the written agreement when you signed up for automatic billing.

We may as well say the ACH Network is the hub of business in the United States, transferring money and data from one bank account to the next via Direct Deposit, and Direct payments. Additionally, the network offers ACH credit and debit transactions, international payments, one-time billing, recurring payments, business-to-business and customer-to-business transactions. Moving over $41 trillion transactions each year, and 24 billion electronic transactions, ACH is the fastest growing, safest and most reliable payment system.

Facts about ACH

  • ACH Network is a processing system where financial institutions carry out ACH transactions all through the day for afterward batch processing.
  • Instead of the conventional use of paper in carrying transaction data, as with checks, the ACH Network transmits transactions electronically which is fast and cost saving.
  • With ACH Network you can process two types of transactions including Direct Payments via ACH and Direct Deposits via ACH.
  • Direct Deposit via ACH is depositing funds for employee expense reimbursement, payroll, tax, government benefits, as well as refunds and interest payments. This also includes any credit payment from business to a consumer.
  • Direct Payment via ACH is when you use cash to make payments. Persons or businesses can make such payments as both ACH credit and debit.
    • For example; when a consumer pays bills through their bank or credit union, they have made a Direct Payment which is processed as an ACH credit.
    • ACH debit is when consumers set up a recurring monthly billing for a mortgage or maybe utility bill, and the amount is debited from their account automatically.
  • Both ACH credit and debit transactions are fast, the transfer of funds from a financial institution to another typically happens the next day.
  • NACHA Operating Rules states that ACH credits should be settled in one or two business days while ACH debits should be resolved on the next day.
  • What’s more, a recent improvement to the NACHA Rules today enables same-day settlement of practically all ACH transactions.

Now that you know what you can and can’t do when dealing with ACH processing, getting your bills paid on time should be smooth.

Questions About Health You Must Know the Answers To

How to Buy and Use Alcohol Testing Strips Appropriately

Whether it is from online or offline shops, you can easily purchase an alcohol test strip. With many of these strips available, you have to ensure that you are indeed buying a legitimate product. To get the best readings, you need to store the product safely in a cool and dry place. Whenever you need to purchase an alcohol testing strip, keep the following things in mind.

You have to know how much you should allocate for the alcohol testing strip. There are many vendors who sell these products so you need to compare the prices before you settle on one. While at it, don’t just go for the cheapest, rather, make sure to select one that is genuine and priced appropriately. Another way of finding the best prices would be to contact a friend who uses these products to ask where they are sold at a good price. You can also visit discount stores and compare these prices with those on online stores so that you can settle for the most affordable.

Before you purchase the strips from a discount store, you need to ensure that they are not past their expiry date. The expiration dates are normally clearly printed, so anything that is expired should be sent back to the shopping store. If you have just bought a new batch of alcohol testing strips, make sure to use the old batch first before you turn to the new ones. One way of ensuring this is to always place the older strips in front of the newer ones.

Place your alcohol testing strips in a cool and dry place. Placing the strips in damaged places or those that are full of humidity will definitely damage them and cause inaccurate results. Do not remove the strips from packages or vials during storage since they may end up getting damaged. Leaving them in open air or storing them in too much heat or in the refrigerator will render them unusable. To ensure that these strips give accurate results, make sure to wash your hands before you use them.

Finally, you have to know how to use the alcohol testing strips correctly or you won’t get correct results. When you have bent strips, you can be sure that the results will definitely be inaccurate. If there’s no one around you to help you when it comes to using these strips, contact a doctor and ask for a demonstration. Doctors know how these testing strips work and will definitely guide you until you have grasp of the entire process.
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Essential Ingredients to Build a Brand for Your Small Business

For others, they may view branding with a slightly negative connotation and believe it’s too abstract. While those are all valid thoughts, the right type of branding can be very important for a business. When done correctly, branding helps to define a small business and gives people a reason to connect with it.

One of the ways to move away from the abstractness sometimes associated with branding and focus more on what it can actually do for your business is to look at its most important elements. That’s why we want to cover the essential ingredients to build a brand for your small business:

What’s Your Purpose?

Building a brand starts with defining why your business exists. On the surface, this may seem like a simple question to answer. But as you dig into it, you’ll likely notice that it’s surprisingly complex. Although it can take some time to get a clear and concise answer to this question, doing so will create the foundation for the rest of your branding efforts.

Staying Consistent

A brand is something that makes a promise. The specific promise will vary from one business to the next. Regardless of the specific promise your business makes with its brand, what’s extremely important is to stay consistent with that promise. In terms of how to do that, it’s something that needs to happen at every level of your business. From how you provide customer service to the visual elements you use across the social media for your business, staying consistent will build the type of trust that your business needs in order to grow and thrive.

Involving Employees

Since purpose and consistency are key ingredients of a small business brand, it’s easy to understand why branding isn’t an activity that exists in a silo. For a brand to really mean something, every member of an organization needs to be involved. Another benefit of getting every employee fully on board with your brand is they will help you spread its message.

Building Loyalty

Employees aren’t the only ones who can spread the message of your brand. If you identify your purpose and create an organization where everyone consistently shares that message, you’ll gain loyal customers. These customers will act as evangelists for your brand and help grow it to levels via channels like word of mouth that you could have never done on your own.

Social media continues to be a very important part of building a small business brand. While staying on top of social media can seem quite challenging at times, there are ways to make it easier.

What Are The Benefits Of Brand Building For Your Business?

Branding is simply telling a story that shows your experience to your customers. And the eye-catching design of your website is the brand ambassador of your brand. It stands you apart from the rest of the competition and therefore it is very important for your business.

It is not limited to a promise, product or proud, but it is the sum up of all the experience you have within your industry. No matter, you sell a needle or industrial parts you need a brand to win the trust of your clients. Its countless benefits are something you cannot afford to miss. Scroll down to know more.

Improve Recognition: One of the major benefits of brand building is that it improves your recognition among your clients and sets you apart from the crowd. It makes the first and foremost impression of your company, which either make new business relationships or break them forever.

Generate New Leads: Generating new leads for your business is actually a tough task in the cut-throat competition and to fulfill it successfully branding is really helpful. It’s because your brand will increase the trust of your customer and attract them to buy your products and services. More and more people trust only the brands because their company reputation is on the edge, and therefore they never compromise is the quality.

Motivate Employees: An employee always wants more than just work and when they understand your company’s mission and vision, so, they work more dedicatedly. It can boost their pride and satisfaction as well. They will always feel proud to tell anyone that they work for this brand and therefore, they always work with loyalty.

Support Your Advertising Efforts: Brand building will help to make the advertisement of products and services easier than ever before. People will already know you by your name and advertising work as icing on a cake and therefore, you don’t need to make many efforts.

Represent You Among Your Clients: A well-reputed brand will work as a mirror and showcase all your objectives and promises to your clients clearly, which help them to understand is their expectations get fulfilled from you or not. This may help them to understand how you are better from others and why they need to be your customers.

So, what about you? How strong your brand is? Do you give proper attention to it? If no, so, start it from now. It’s because it plays a major role in the growth of your business and you cannot take it for granted.

Building a Golf Business Brand

What is a brand? It combines many aspects of what and how we, as consumers, react to certain services and products. Brands are significantly driven by fashion and more so by the audiences that make the choices to be associated with them in terms of what could be described as a partnership.

Given the profile of branding, which creates such an identifiable image for a number of major of golf club businesses, it is surprising that – and difficult to understand why – so many attach such little importance to the concept. some don’t even seem to create any brand recognition within their local community, county or region – certainly a missed business opportunity in terms of delivering the right message and growing the identity of the product, which is the club itself. Aware that success in the membership subscriptions and visitors fees, business relies on attracting traffic to their destination, the more progressive clubs find a way to distinguish themselves from the competition.In a crowded marketplace,it gets more and more difficult to differentiate one’s appeal – and that elevates the need for branding to a critical level. It is not about what they don’t have – it is about distinguishing “what we are”

A powerful, identifiable brand is one of the most important assets a club can develop for its business success. Beyond distinctive logos and clever line tag lines, branding is the culmination of defining who the club is, how it is set apart from the competition – and why a prospective buyer should do business with it, whether such prospects are golf event days, company team days or potential new members.

Whether your an established club business or not, branding has tremendous impact. A brand instills confidence, creates loyalty and, on many occasions, can enable the business to command a premium price. Critically, a great brand reduces a buyer’s perception of risk and makes the purchase decision much easier. Developing a brand is much more than just deciding on a name or selecting some colours. The sum of all that a club is and does, it is derived from all the ” moments of truth” – every single touch-point with each individual member and guest. Brand development requires a plan that consistently communicates what the club is and does,along with its distinct attributes, image and personality. Branding is simply the implantation of an associative memory in combination with a recall cue. Now that we know what it is, the next question – and the really important one, is how to create one that impacts on the club’s business. Successful branding requires three essentials: the first is consistency. To establish the club brand with members, potential members, guests and visitors, it is imperative that everything happens in the best way possible- every single time. The second key is frequency- day after day, week after week. Creatively repeating ‘the message’ has become even more important in this over-saturated digital communication business environment. Members and guest are seduced, or assaulted, depending on your perspective!- with thousands of brand impressions each day, from national and local media exposure to brand logos on clothing. The challenge is to break through the clutter to be heard and seen. While there is a host of other creative aspects that go into marketing a memorable message, without frequency, there is little chance of firmly establishing a club brand.

The third essential is anchoring. It is also the most difficult to achieve because each member and potential member sees or hears the message through their personal sensory filter. Perception is reality, and in many cases, clubs fall into denial. Psychology tells us that when an associative memory is being formed, the new and unknown part has to be associated with a memory that is already anchored in the mind. While consistency and frequency create branding, it is the connection to an emotional anchor that effectively cements the attraction to the guest or perspective member’s memory.

For many, adopting a brand can be a future face change, but it’s more important than can be imagined. Change can only happen when the raw materials of a brand are presented in a way that intrigues and woos us, wins us over and compels us to walk in.

Yes, a brand is far more than the logo on a garment – it symbolises the culture of your business.

Eddie Bullock operates his own Golf Consultancy and is widely recognised as an authority on a emerging lifestyles trends and innovative golf & leisure marketing strategies. He is frequently invited to speak to many high profile organisations at business conferences throughout Europe.