Is your ACH processor threatening you? Is your “return rate too high?” Is your state, similar to California, contemplating  banning payday loan lender access to electronic access to consumer bank accounts?  No worries! When 35 million consumers demand access to a product, entrepreneurs always find a way. There’s a fix for this! If you need an alternative to ACH, I’ve got it. Reach out. It’s cheap, proven and works. Jer@TrihouseConsulting.com It’s called Image Check Letter (ICL) and it’s a new, exciting way to enable nearly any business (no porn or pharmaceuticals) to easily collect payments. You can easily make deposits as well! Want more info? Inquire about ICL Click Here. ICL is a great backup for state, tribe, store-front and internet lenders! Get ready for the future.

No more worries about ACH termination

ICL System: No deposits, 1-2 day clearing of funds, return notification in 1-2 days, no worries about return percentages, funds deposited directly into your account, and no worries about receiving a termination letter from your ACH processor.

“California will track consumers who take out payday loans and ban letting online payday lenders getting electronic access to customers’ bank accounts under a new regulatory proposal, according to American Banker.”

“The new rules would require payday lenders to secure loans with a paper check instead of electronic account access. That would make it much harder for online payday lenders to do business — but those lenders are typically much more expensive than storefront lenders and generate more fraud and abuse, and most online lenders don’t have state licenses, according to a 2014 Pew Charitable Trusts report.”