2 articles EFT

ARC Ruleset Information

These are the governing rules covering the NACHA ‘ARC’ type ACH transaction, otherwise known as ‘Accounts Receivable Conversion’. Keep in mind that an ‘ARC’ transaction is processed as a true ACH item – after the check has been scanned…no paper check processing is involved….it is now a  ACH/EFT electronic funds transfer transaction. ‘ARC’ transactions are ACH…