Accounts Receivable Conversion (ARC), the initiation of an ACH debit using a consumer check as a source document, can deliver significant efficiencies to your collection process. Northern Trust can accept and process ACH ARC files that you have created in your operation.
Our Debit Authorization Services provide clients the ability to block any ACH transaction from posting to a designated account. Debit authorization requires that ACH entries received for a protected account meet all the criteria specified by an electronic authorization record before they are paid.
Direct Deposit of Payroll
Northern Trust's Direct Deposit of Payroll Services allows clients to pay their employees by depositing funds electronically through the Automated Clearing House (ACH) into their designated checking or savings account at any ACH-eligible financial institution on a predetermined day.
Electronic Check Conversion
Electronic Check Conversion is the latest in technological advancement for clearing payments. Northern Trust can process all types of ACH transactions you create as part of a check conversion process in your operation. You may convert checks in the following scenarios:
- At the Point of Purchase (POP)
- By Telephone (TEL) or Internet (WEB)
- Through Accounts Receivable (ARC) if remittance checks are sent to your internal lockbox or payment dropbox and you convert them to ARC transactions.
Northern Trust is an active member in the National Automated Clearing House Association (NACHA) and a full voting member in the Internet Council and the Electronic Check Council.
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