AmeriNet, LLC is a leading electronic transaction processor with a focus on EFT (electronic funds transfer) commonly known as eChecks. AmeriNet pioneered the use of eChecks for telephone and Internet customer-not-present applications in 1994 and continues to lead the industry. Through its extended architecture, AmeriNet offers its clients access to a variety of resources including originating banks, positive and negative files, consumer ID validation, etc., in addition to its own extensive internal capabilities. AmeriNet also offers flexible terms, detailed and customized reporting, and a host of processing options to fit the merchant's needs.
AmeriNet offers a suite of alternative payment processing services and a variety of products that provide for easy integration with a broad range of flexibility. The emphasis is on total management of the payment process, including the errors and exceptions generated by the banking system and other vendors. Simply put, the merchant transmits the payment to AmeriNet, we translate, repair or reject it, process it, track it and provide reporting and settlement to the merchant, and notification to the fulfillment center that the order is paid and ready for shipment.
AmeriNet's eCheck Service utilizes the Automated Clearing House (ACH) to facilitate electronic funds transfers (EFT) between consumers and merchants. The ACH network permits debit or credit transactions from virtually any U.S. bank account. In addition to the terms of AmeriNet's agreement with the merchant, the ACH system and all transactions facilitated through it are governed by the National Automated Clearing House Association (NACHA) Operating Rules, the Electronic Funds Transfer Act (15 U.S.C. 1693 et seq), and Regulation E (12 C.F.R. part 205) as set forth by the Federal Reserve Board of Governors.
new for 2008
Consumer ID Validation is now available in real-time and at low cost to AmeriNet API users.
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