Clear ACH offers payment APIs that enable businesses to initiate and collect payments via secure ACH transfers. Their platform supports both one-time and recurring transactions, streamlining financial operations for various platforms.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges with initiating and collecting payments through traditional ACH processes, often requiring a more dynamic and flexible user interface for easier transaction processing. Existing systems may lack the necessary automation and customization options, leading to inefficiencies in accounts receivable and payable operations.
Solution
Clear ACH provides a payment API that enables businesses and platforms to initiate and collect payments via secure and reliable ACH transfers. The platform offers a customizable user interface that integrates with existing ACH processors and systems, streamlining financial operations. Clear ACH automates accounts receivable and payable, creates recurring vendor payments, and facilitates the collection of servicing fees. The system utilizes bank-standard security protocols and advanced fraud scrubbing to ensure secure transactions and real-time account verification.
Target Audience
Clear ACH serves small and medium-sized businesses across various sectors, including retail, wholesale, financial institutions, merchant cash advance, healthcare, religious organizations, education, IT, wholesale & e-commerce, property management, transportation & logistics, accounting, legal, and subscription services.
Features
- Payment automation: Create individual, dynamic, or concurrent payment schedules.
- Return rule engine: Automate responses to ACH return codes and add bounce fees.
- Integration & support: Dynamic UI integrates across proprietary platforms.
- Bank-standard security protocols.
- Automated recurring billing: Customize frequency and pre-select debit schedules.
- Real-time account verification using advanced fraud scrubbing protocols.
- Proprietary logic system to manage bounce occurrences and attribute fees.
- Reporting & analytics: In-depth daily reports provide aggregated data and summaries.