An importer's designated broker can use the importer's payer unit number to pay only that importer's statements. Payment authorization is not accepted unless the payer's statement total equals the total recorded by ACS for the statement. If they differ, authorization is not accepted and an error message is transmitted to the filer so that the problem can be corrected. With ACH credit, the payer initiates payment through their financial institution. Benefits of ACH Credit ACH Credit Formats ACH Credit Process Benefits of ACH Credit Payer controls the initiation and timing of payments.
Payer controls the date funds are debited.
Immediate posting of payment transactions. Eliminates lost or stolen check problems. Reduces administrative and check processing costs. CTX Corporate Trade Exchange contains a single payment with multiple addendum records. The Payer Provides the Necessary Data to Their Financial Institution.