ACH TeleCheck

What is ACH TeleCheck?

An automated clearing house (ACH) is a financial network used for electronic payments and money transfers. ACH payments are a way to transfer money from one bank account to another without using paper checks, credit card networks, wire transfers, or cash. TeleCheck® a check acceptance service from Fiserv:

• Enables merchants to safely process check and ACH payments, and
• Assists in reducing fraud and other risks associated with accepting payments and opening accounts.

ACH TeleCheck offerings

ACH TeleCheck is enabled for merchants at the time of onboarding. This lets merchants accept ACH payments on the Clover Hosted Checkout. To support Payeezy migration, ACH TeleCheck is available to all Clover merchants on software-as-a-service (SaaS) plans and offers:

• Check acceptance by phone—Merchants can gather information over the phone, also referred to as check by phone (CBP), to process checks. The customer needs to provide order and payment details and take their consent over the phone to process funds.
• Check acceptance through the internet—Similar to CBP, merchants can gather information over the internet, also referred to as internet check acceptance (ICA). The customer needs to provide order and payment details and their consent using disclaimer agreements.
• Agreements—Customer consent for payment processing is required to process checks.
  - For CBP, an authorization disclaimer or consent agreement is shared orally over the phone.
  - For ICA, an authorization disclaimer or consent agreement is presented for acknowledgment.

For support and additional information on ACH, see the Contact us page for Clover Merchants.

Related topics

• Create an ACH token
• Accept checks by telephone
• Use internet check acceptance
• Sales decline disclosure templates
• State Abbreviation for TeleCheck