Tag Archives: ACH processing work

Compromised accounts

Posted on 09. Feb, 2009 by admin.

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Card account information is stored in a number of formats. Account numbers are often embossed or imprinted on the card, and a magnetic stripe on the back contains the data in machine readable format. Fields can vary, but the most common include:

Name of card holder
Account number
Expiration date
Verification/CVV code

There have been high [...]

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How ACH processing work?

Posted on 09. Feb, 2009 by admin.

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ACH processing refers to move money electronically to the federal government’s assistance Automated Clearing House. This clearinghouse provides a centralized communications network that allows for both electronic funds transfer and notification of these transfers.
Essentially, banks have a pipeline (usually referred Fed Line) that connects directly into the ACH network. The pipeline allows the transmission of [...]

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