Cash Beaches


Beaches


Beaches is a system which allows State agencies to transfer and receive ACH transactions with the State of Alaska’s Originating Depository Financial Institution (ODFI). ACH transfers represent the electronic exchange of funds between accounts held at U.S. financial institutions. State agencies use ACH transactions to disburse or receive electronic payments. Using this method a State agency can build a web application that will interface to Beaches and collect electronic payments from customers.

Beaches offers the ability to “warehouse” a payment. For example a taxpayer whose tax payment is due on the last business day of a month, will be able to input a payment anytime during the month that will automatically process on a specific payment due date. No checks to mail, no stamps to buy, no wire transfers to worry about. Simple, efficient, and effective, Beaches will electronically transmit or receive several types of electronic payments.

State agencies can also transmit National Automated Clearing House Association (NACHA) files to the Beaches system for processing. Today, several State agencies use the ACH network to make electronic payments to vendors, employees, retirees, school districts, and local governments. Converting these existing ACH payment methods to Beaches will provide the State ability to streamline individual agency processes, and unify them under one system bringing cost savings to the State.