Automated Clearing House (ACH) for Receiving Payments

You need to establish an electronic payment collection program to help your payers remit to you in a timely and reliable manner. And, you want to be confident that your bank has the necessary quality controls and dedicated customer service to help you implement a successful electronic collection program.

PNC provides flexible options for originating Automated Clearing House (ACH) entries along with experienced staff to assist in the implementation and ongoing support of your program. We can assist your organization with both the technical and practical aspects of using the ACH network. Whether you leverage your own in-house capabilities or engage a third-party processor, some benefits you may receive by integrating ACH into your collection strategy include::

• More predictable settlement and cash flow
• Reduced misapplied and late payments
  
• Increased payer satisfaction by offering another payment option

Take advantage of PNC input channel choices when submitting your ACH debit instructions to PNC

• Automate ACH Initiation through PINACLE^®
• Direct file transmission in Nacha, ISO or EDI format
• Multi-payment API

All PNC ACH input channels support both traditional and Same Day ACH origination.

The PINACLE platform provides access to online financial services with the ability to quickly and efficiently initiate transactions and review account information through one source, without costly investment in software or complicated set-up procedures.  The PINACLE^® the ACH Module provides you with a user-friendly method of originating one-time ACH debit and credit entries, recurring entries via templates or batch import and also the upload of Nacha formatted files.

Traditional types of ACH debit origination supported are Direct Payment and Cash Concentration:

Direct Payment

You obtain authorization and banking information from your customer payers in order to electronically debit your customers.  The receivers of the ACH debit entries can be consumers and/or businesses for recurring or one-time amounts owed.

Cash Concentration Service enables you to consolidate your company’s funds from various financial institutions into one or more PNC Bank accounts via Automated Clearing House (ACH) debits, allowing for control of the initiation of entries and the destination of ACH debits.

Another PNC service that incorporates ACH debit origination with additional service options and features is PayerExpress.

Allows your organization to electronically debit your customers, whether consumers and/or businesses, for recurring amounts owed.