ACH Entry and Caps - Payments Space

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

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JUNE 27, 2024

ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details. For instance, your business can use a wire transfer to pay for a huge purchase from an international supplier.

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Wire Transfer Wire Wires ACH

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

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