Money Movement Services

Money movement services facilitate ACH transactions, checks, closed loop transfers, and other internet-based transactions. These services handle the technical and operational aspects of moving funds between accounts, enabling businesses to send and receive payments without building their own payment infrastructure.

Types of Money Movement

• ACH Transactions - Electronic debits and credits between bank accounts
• Check Processing - Converting paper checks to electronic transactions
• Wire Transfers - Fast, high-value payments between banks
• Closed Loop Transfers - Payments within a single platform or network
• Card Payments - Credit and debit card transaction processing

Hudson's platform provides comprehensive money movement services for debt settlement companies. When a client enrolls, Hudson processes their monthly ACH deposits, manages check payments if clients prefer mailing payments, handles wire transfers for urgent creditor settlements, and coordinates all fund movements between client accounts, escrow accounts, and creditor payments - all through one integrated platform.

Business Value

• Operational Efficiency - Automate payment processing instead of manual handling
• Multiple Payment Methods - Accept payments however customers want to pay
• Compliance Built-In - Payment providers handle regulatory requirements
• Reduced Costs - Lower fees than managing multiple payment processor relationships