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ACH is a System for distribution and
compensation of collections and payments
electronically between Banking Institutions,
in which around 20 Banks in Panama
participate.
Through the ACH
Network,
Banvivienda allows you to carry out
electronic fund transfers between local
banks, in a fast fashion, efficient and
safe, from a single position, without the
need to move.
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It speeds the banking process:
reducing the processing of checks
and operation costs
-
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Payments of obligations: insurance premiums, loans, payments to
suppliers and other obligations
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Reduction of time: it speeds your payments, reducing
the check cashing time
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Electronic Fund Transfer:
using electronically the Clearing House of the National Bank of Panama, the risk
of loss, robbery or counterfeiting of
checks is eliminated
Corporate ACH
Make and receive payments through the ACH Network
Make your payments through a system of
electronic fund transfers that allows you to
distribute and compensate payments and
collections between the main banks of
Panama. Your company will have access to the
following services:
-
Direct payments: payroll, dividends, insurance premiums,
loans, payments to suppliers and other
obligations between companies
-
Direct collections: dividends, insurance premiums, services
and other obligations between companies
-
It speeds the banking process: reducing the processing of checks and
operation costs
-
Reduction of administrative costs: it eliminates the processing and time of
issuance, signature and cashing of
checks, speeding your company's payroll
payment
-
Electronic Fund Transfer: using electronically the Clearing House of the National Bank of Panama the risk
of loss, robbery or counterfeiting of
checks is eliminated
Benefits of making transactions in the ACH
Network
- Less manual processing
- Reduction of operation costs
- Time and cost (stationery) saving
- Administrative expenses are reduced
- Availability of funds is accelerated
- More professional handling of the cash
flow
- Business relations with other companies
improve
Security in your transactions
The payments made through the ACH Network maintain the security controls of Banvivienda based on the operative, technical and
security standards of the regulating
entity in this field, “National
Automated Clearing House Association (NACHA)”
of the United States, through Centro de
Intercambio Automatizado, S.A. (CIASA)
in Panama.
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