eCashflow Services 1-888-339-6062
P.O. Box 371980
Denver, CO 80237
A proud FDCPA, NACHA and Sarbanes-Oxley compliant company
Financial Tip of the Week
It is important for all of your employees to understand your policy on accepting checks as well as your policy on collecting returned checks.
“December 05, 2014, Retail industry employment increased by 37,000 jobs in November, the National Retail Federation said today. Consistent with seasonal hiring patterns, employment gains were seen in most retail categories, including a marked increase of 11,300 jobs in clothing and clothing accessories stores. NRF does not include automobile dealerships, gasoline stations or restaurants in its calculations.”
Source: National Retail Federation
“NACHA and the ACH Network are at the center of American commerce, moving almost $39 trillion each year. That’s made up of nearly 22 billion electronic financial transactions, including Direct Deposit via ACH, Social Security and government benefits, electronic bill payments such as utility and mortgage payments, and person-to-person (P2P) and business-to-business (B2B) payments.”
Prearranged payment and deposits or PPD transactions are becoming a preferred method of both recurring and one time payments NACHA reports a 5% increase in prearranged payments between the first quarters of 2013 and 2014.
In today’s business world accepting payment for goods and services can be more complicated than ever, but with eCashflow Services it doesn’t need to be. For businesses large and small we offer a wide variety of services tailored to fit your business strategies, improve efficiency and increase your cash flow.
Call us today to learn more!