Faisal KhanAnswered Nov 6, 2016You need to have a working relationship with a licensed financial institute (read: a bank) that is a member of NACHA.
You build your offering on top of the file protocols that the bank will provide to you for submission and clearing.
Many banks offer this as part of a payments institution program. You do not have to be licensed as a money transmitter to do, as you are not touching the funds, the bank is and they are forwarding the funds. If you are engaged in an ACH Pull, then you follow the guidelines of the bank for underwriting and approval of all ACH Pull clients.
Simply inquire within a bank that offers an ACH program onto which you ca build as a SaaS provider for their financial product, which is an ACH.
You build your offering on top of the file protocols that the bank will provide to you for submission and clearing.
Many banks offer this as part of a payments institution program. You do not have to be licensed as a money transmitter to do, as you are not touching the funds, the bank is and they are forwarding the funds. If you are engaged in an ACH Pull, then you follow the guidelines of the bank for underwriting and approval of all ACH Pull clients.
Simply inquire within a bank that offers an ACH program onto which you ca build as a SaaS provider for their financial product, which is an ACH.