A leading provider of Internet payment processing services, Electracash offers businesses the ability to accept eChecks and make Direct Deposits in the US and Canada , and to initiate wire transfers around the globe, for both business and consumer transactions. Created from direct banking and payments experience as well as technical expertise, Electracash has integrated the best of these worlds to provide advanced eCheck processing services. Electracash products give merchants of all sizes flexible and reliable payments solutions.

With an excellent reputation in the electronic payments industry, Electracash processed nearly two million eCheck transactions in 2004, and has grown at an average annual rate of 60% for the past three years. Electracash applies state-of-the-art processing and conscientious risk management practices to its services, and are early to implement new processes that continue to improve the evolving Internet check marketplace.

Processing ACH payments is relatively simple; it is the business needs in support of processing ACH payments that are much more difficult, as well as expensive to maintain. Processing ACH payments – especially when the payor is not physically present – obligates identity verification of the payor and obtaining an electronic authorization. Commercially reasonable attempts to prevent fraud are required, along with diligence in processing Notifications of Change and returned items. It is much less expensive and much more productive for an individual or business to outsource these payments to a firm whose core competence is payments processing.

The Electracash management team combines extensive experience and established relationships in the Payments and Financial Services arenas.  With backgrounds in banking as well as technology, Electracash has integrated the best of both worlds to provide advanced, technically-driven transaction processing managed from a banking perspective.

Lee Falls, CEO, and Michael Hoffmeyer, CTO are members of NACHA's Internet Council, as well as active participants on the NACHA Internet Operating Rules Committee.
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Electracash issues press releases when introducing new products, features, and services. Large marketing campaigns and key new partnerships are also of interest to the marketplace.
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Electracash, Inc. is a California corporation headquartered in Signal Hill, CA. 
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