A national account manager at Solutran in Plymouth, Minnesota, Daniel Rich Galinson possesses expertise in payment processing systems and product development. Ensuring he remains on top of industry trends and solutions, Daniel Rich Galinson maintains membership with the National Retail Federation.

Slated for January 17-19, 2016, the Retail’s BIG Show, hosted by the National Retail Federation (NRF), offers four days of retail education and networking opportunities. The NRF’s flagship event takes place in New York City each year, and in 2015, included forums on big data in the retail environment, omnichannel fulfillment, and design best practices. The organization aims to provide comparable roundtables during the 2016 event with topics ranging from sustainability to mobile retailing.

In terms of networking, the convention draws an abundance of purchasing professionals and senior executives. Planned receptions, happy hours, lunches, and breaks provide ample avenues for exchanging industry ideas and building business relationships. Additionally, an exposition hall gives attendees access to vendors and innovative technologies. 

Daniel Rich Galinson, national account manager for Solutran in Minnesota, is a key member of the development team for the company's innovative system for processing checks. Daniel Rich Galinson and team created this program as a back office conversion method.

Back office conversion gives companies a choice in how they process checks from point-of-sale transactions. It enables the check to clear as a paper check, substitute check, or image exchange, while also giving the receiver the option to process it as an ACH transaction. As an electronic method of transfer, the ACH (Automated Clearing House) transaction provides a quicker way for companies to receive funds.

In such a transaction, the company receiving the funds initiates a transaction via the ACH network. The network sends payment requests to the payers' financial institutions, at which time the bank checks to ensure sufficient funds are available. The network then places a hold for those funds, which typically are transmitted within two days. Once the funds arrive, an ACH operator transmits them to the receiver's financial institution for credit. The process can also work in reverse, should the customer need a refund or other payment from the company in question.