International ACH International ACH is both cost-effective and secure. With ACH you know exactly when your international disbursements clear.
Track your company's cash position accurately Base treasury management decisions on exact information Create ACH transactions and transmit them directly to a foreign bank for processing.
International ACH Overview Demand for cross border transactions, whether initiated by companies or consumers, is growing. Business of all sizes are now transacting globally, often within their region but also across regions. ACH, by its nature, is a domestic payment solution, but as of September 18, 2009 International transactions (to or from the US, via the ACH network) will have their own transaction code IAT.
This will facilitate international ACH payments for companies with suppliers outside their countries or origin as well as company’s ability to accept payments from international customers.
Infinity Data
proudly serving merchants
since 1995.
Infinity Data provides International ACH services that are secure, safe and efficient. Fast payment and collection from international suppliers and customers was never easier than with Infinity Data.
The National Clearing House Association (NACHA) has implementing rule changes for International ACH Transactions (IAT) that make these transactions easier to perform and comply with regulations.
The new IAT rules expand the definition of an international ACH transaction to include transactions that are currently considered domestic ACH transactions.
The location of the beneficiary and originator are not the only factors used to identify an international vs. domestic ACH transaction.
The new rules can impact organizations involved in sending or receiving international ACH payments
Infinity Data’s International ACH Payment service complies with the new NACHA IAT regulations and provides the following functionality:
Capability to obtain the foreign currency exchange rate before batch initiation. Customers can use either the short term (spot) rate or utilize a contract obtained through an FX trader with U.S. Bank
Make foreign vendor payments for the exact amount in a foreign currency
Submit batches that contain multiple currency types.
Manage transactions with robust template and batch reports
Expand the list of countries to which we offer International ACH services.
International ACH services.
To learn more about the benefits of International ACH Processing through the Infinity Virtual Terminal, or to open an account, please call toll free: 1-866-746-8931.