Sam Ackley, Chief Executive Officer of DCS Holdings Group LLC, the owner of ACHeck21, believes ISOs and merchant level salespeople (MLSs) seeking lower cost alternatives to card acceptance for their merchants will find the automated clearing house (ACH) services his company offers to be a simple and affordable solution.
"I think a big challenge in the future for the industry is going to be if the swipe point of sale can remain relevant for setting up merchant accounts," Ackley said, noting that many merchants today question the high fees they're paying. "Over the next 10 years, I think you're going to see places that will only take ACH exclusively and won't allow any payments on Visa or MasterCard."
He said inflection in the market is creating a vacuum for lower-cost alternatives and companies like his are positioned to serve that segment. For ACH customers, he said his company can set up a closed looped solution for a merchant that will allow a customer to walk into the store, check out and have the purchase amount appear on the customer's phone. "Once you hit OK, the money will move from your account to the merchant's account," he said. "That's how simple it is."
According to ACHeck21, the company offers its ACH and Check 21 payment processing solutions in a single, hosted work flow designed to improve efficiency and reduce the vast complexities of processing ACH, checks and verifying account information using POS systems. Their product is available for Internet, mobile device, laptop, PC desktop and scanner applications. ACHeck21's solution is also compliant with all security protocols.
ACHeck21 stands behind two value propositions for its users that make the solution not only easy to integrate with legacy systems, but inexpensive to use. "ACH is agile and can be brought to bear very quickly to complement existing products users already have for credit card processing," Ackley said. "We bring an agile, flexible ability to address those kinds of needs for the salesperson and the markets that we are in."
Adding to the value proposition is a second sticking point for most clients. "What we also have is the ability to combine all of that into a single workflow," he said. "As subtle as that sounds, it becomes really big when you are looking to reduce long-term operating costs by maintaining fewer human resources. You don't need a lot of people to do the work; it is automated in the cloud."
Within its product suite, the ACHeck21 Micro provides a self-contained, thin client software solution for remote deposit capture that integrates easily with over 100 document and check scanner models. ACHeck21 Micro operates at high-speed, processing over 200 documents per minute, and merchants can apply distributed capture for multiple deposit locations.
With ACHeck21's advanced technology, accuracy is core. "Using both magnetic read and OCR technology, we get an almost 100 percent read rate on the magnetic ink character recognition (MICR) line," Ackley said. "We are also able to capture the information right off the front of the check. We can capture the check writer's name, their address, city, state, and the ZIP code; just about anything you want to pull from the face of the check."
He added that the system also verifies captured information against other databases, which helps prevent mistakes during processing.
ACHeck21's software is also designed to be customizable to meet the needs of developers who wish to target specific markets. "If you're a developer and you want to develop a product in a sandbox you can sign up on our website, download our API, set up your own account, start coding and start processing transactions and build your whole product for free," Ackley said. "You don't pay anything until you move money."
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.
Chief Executive Officer
Company Profile originally appeared in
The Green Sheet Issue 170901
220601 - Nationwide Payment Systems
211102 - Kalamata Capital Group
210701 - Choice Merchant Solutions
200601 - Delta Payment Solutions
190802 - Credit.net, a division of Infogroup
190702 - Samsung Electronics America Inc.
181201 - Network Merchants LLC
180902 - MainStream Merchant Services Inc.
180801 - Century Business Solutions
180502 - Priority Payment Systems Northeast
180501 - Merchant e-Solutions Inc.
180301 - Wirecard North America
180201 - Sysnet Global Solutions Ltd.
171202 - Secure Cryptopayments
171002 - National Benefit Programs LLC
170902 - Frates Insurance & Risk Management
170901 - DCS Holdings Group LLC
170802 - Apogee Payment Systems LLC
170702 - Active Software & Hardware Systems
170701 - Veratad Technologies LLC
170502 - Frontline Processing Corp.
170501 - Platinum Choice Bancard LLC
170201 - Electronic Payments Inc.
161202 - International Bancard Corp.
161201 - CSR Professional Services Inc
161102 - Digitzs Solutions Inc.
161101 - Residual Sheriff LLC.
160801 - DigiPay: Solutions Inc
160702 - CreditCardProcessing.com
160201 - Lead Tracking Systems LLC
151202 - Benseron Information Technologies Inc.
151201 - CardWare International Inc
151101 - Lion Capital Group LLC
150801 - Topcreditcardprocessors.com
150702 - Vision Payment Solutions LLC
150601 - Conformance Technologies
150502 - Global Processing Systems
150402 - Mercantile Processing Inc.
150401 - Field Guide Enterprises
150302 - Signature Card Services
150301 - Premier Payment Systems Inc.
150201 - Humboldt Merchant Services
150102 - Expansion Capital Group LLC
141102 - National Merchants Association
141001 - Instant Credit Manager
140902 - Merchant Cash and Capital LLC
140701 - National Transaction Corporation (NTC)
140601 - Total Merchant Services
140501 - Nationwide Payment Solutions
140501 - BPC Banking Technologies
140301 - Meritus Payment Solutions
140201 - Process Pink Payments LLC
131202 - First American Payment Systems L.P.
131102 - Evo Payments International LLC
131001 - Live Reps Call Center
130901 - Regal Payment Systems LLC
130901 - The Merchant Solutions
130802 - North American Bancard LLC
130801 - Payment Logistics LLC
130702 - Plug n Pay Technologies Inc.
130601 - U.S. Merchant Systems LLC
130402 - National Processing Co.
130202 - Charge Card Systems Inc.
130202 - Layered Technologies Inc.
130102 - Glazer_Kennedy Insiders Circle LLC
121202 - American Microloan LLC
121102 - Keep in Touch Systems Inc.
121102 - Merchants Choice Payment Solutions
121002 - Washington Bancard Merchant Services LLC
120902 - Central Payment Co. LLC
120802 - Royal Merchant Holdings LLC
120801 - National Benefit Programs LLC
120602 - Cardinal Commerce Corp.
120601 - Veritrans Merchant Services LLC
120502 - ExecuTech Lease Group
120502 - The Small Business Authority
120402 - Chargeback Guardian Inc.
120401 - Electronic Payment Exchange
120301 - Complete Merchant Solutions LLC
120201 - CSR - Compliance Solutions and Resources
120102 - Alpha Card Services Inc.
111002 - Lead Source Call Center
111001 - First Annapolis Consulting Inc.
110902 - Point of Sale System Services Inc.
110901 - Sage Payment Solutions
110801 - Century Payments Inc.
110702 - Creative Vision Studio LLC
110702 - Network Merchants Inc.
110701 - Capital Access Network Inc.
110602 - eProcessing Network LLC
110602 - Moneris Solutions Inc.
110502 - Paragon Application Systems Inc.
110401 - Merchant Implementation Services
110301 - FrontStream Payments Inc.
101202 - CheckAlt Payment Solutions
101102 - Impact Payments Recruiting
101101 - Global Electronic Technology Inc.
101002 - TriSource Solutions LLC
100802 - Federated Payment Systems LLC
100801 - Voltage Security Inc.
100601 - NETSURION (formerly Vendor Safe Technologies)
100502 - Transaction Network Services Inc.
100402 - Secure Payment Systems Inc.
100401 - Elite Merchant Solutions
100302 - Retail Decisions Inc.
100102 - Payment Alliance International
091201 - Performance Training Systems Bankcard Boot Camp
091101 - Merchant e-Solutions Inc.
091002 - Whitehall Capital Advisors LLC
090901 - CoCard Marketing Group LLC
090801 - First National Merchant Solutions
090701 - checXchange Money Transfer Systems Inc.
090601 - Sterling Payment Technologies
090502 - Infinity Payment Systems
090501 - Merchant Cash and Capital
090401 - UseMyBank Services Inc.
090401 - Data Delivery Services Inc.
090302 - Velocity Merchant Services
090302 - Metro Merchant Services
090301 - Smart Transaction Systems Inc.
090301 - DCC Merchant Services USA LLC
090202 - TransFirst Holdings Inc.
090201 - ACH Payment Solutions
081202 - Affirmative Technologies Inc.
081201 - On-line Strategies Inc.
081101 - Vision Payment Solutions LLC
081002 - Veratad Technologies LLC
081001 - International Merchant Solutions LLC
080801 - GreenSoft Solutions Inc.
080702 - Smart Circle International
080601 - International Bancard Corp.
080502 - DRG Telemarketing Inc.
080501 - BCC Merchant Solutions
080402 - U.S. Merchant Systems
080401 - Greystone Business Resources Corp.
080302 - Transmedia Payment Services Ltd.
080102 - Sonoma Technical Support Services
071202 - Barclay Square Leasing Inc.
071102 - FirstView Financial LLC
071001 - Sage Payment Solutions
070902 - YourTownMall Business
070901 - Nxgen Payment Services
070802 - All card Processing-AAMonte-USA
070801 - Money Movers of America Inc.
070602 - Central Point Resources Inc.
070601 - Positive Feedback Software LLC
070502 - Premier Payment Systems
070501 - Amacai Information Corp.
070402 - National Bankcard Systems