As we continually strive to enhance the platform that powers the Right Media Exchange, we will be introducing support for ACH payments between partners later this year.

What is ACH, you ask? It basically translates to direct deposit from one entity to another. While we at Right Media will not be handling any money, we are working with a 3rd party vendor of financial products to build a secure payments portal for you.

Using it should be straightforward — all you will need to do is follow these basic steps:

1. Create a profile within the payments portal and provide some banking details. This is very similar to what many of you do when you sign up for direct deposit of your paychecks.
2. Flag which entities you have agreed to pay via direct deposit (we will be releasing support for this soon).
3. Download a payables report (which we will also be releasing soon).
4. Upload the report into the payments portal, and then hit the Pay button for your invoices — simple as that.

Initially, we will be piloting this product as a way for RMX Direct networks to pay our RMX Direct publishers. Once we are satisfied, we will open it up to the rest of our exchange participants.

If you have any thoughts on this new feature, we’d love to hear them!

This entry was posted on Monday, September 25th, 2006 at 3:34 pm and is filed under About Right Media, Right Media Exchange, Direct Media Exchange. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.