“ACH” Posts

Sycamore Education and PayJunction Provide Streamlined School Management

Sycamore Education and PayJunction Provide Streamlined School Management

Education providers, ranging from day cares to universities, have a variety of industry-specific needs. Teachers at elementary schools might need to access dietary and emergency contact information for their students, whereas administrators at a college might need to update course information for student registration. Luckily, there are software providers who remove tedious paperwork from the equation and make it efficient to store and access important school information. One such provider is Sycamore Education. With tailored services to cater to administrators, students, faculty, and parents, among others, Sycamore Education is the premier school management system and offers three distinct products: Sycamore…

How to Process ACH Payments With PayJunction

How to Process ACH Payments With PayJunction

Welcome to PJ University, where we teach you how to use PayJunction like a pro. Today’s lesson is how to process a check. After logging into PayJunction, the process page will automatically load; but if you happen to be on another page, just click “Process” from the menu on the left. On this page, select the “E-check” tab in the top menu. Enter the routing and account number on the check. Next, select the account type and transaction type. PPD is generally for personal transactions and CCD is for business transactions. Next, enter the action and amount followed by…

ACH Rejects: 4 Codes Business Owners Should Know

ACH Rejects: 4 Codes Business Owners Should Know

ACH offers many advantages over paper checks, including faster notification of acceptance or failure. That said, ACH reject codes still come days after the transaction is initiated — and sometimes incur an ACH reject fee — so it’s important to know how to resolve these rejects and provide the right information to your customers. To quickly rectify these rejects, it’s vital to familiarize yourself with the most common ACH rejects and how to solve them. 4 Reasons for ACH Rejects “R01 Insufficient Funds” means the available balance is not sufficient to cover the amount of the debit entry. After receiving…

ACH Rejects and Processing Explained

ACH Rejects and Processing Explained

ACH stands for Automated Clearing House, a network managed by NACHA. The network enables the electronic transfer of funds from one bank to another by directly debiting a checking or savings account. It is commonly used for payroll, bills, tax payments and consumer or business-to-business (B2B) transactions. Many struggle to understand how ACH works and how to handle ACH rejects. Let’s dive right in. Processing ACH To process consumer or B2B transactions, you simply enter the customer's routing and account numbers and run the transaction. From there, the customer's account is debited and your business receives its funds the…