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

Stax

From $0-$15 for internal wire transfers and up to $35-$50 for external international wire transfer Security measures More secure since every ACH transfer goes through a clearinghouse network governed by NACHA More prone to scams and fraud.

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Taking The Y2K Fear Factor Out Of Same Day ACH

PYMNTS

“The ACH rules are complicated, so we do find situations where there’s a certain understanding of the rules, but it’s not comprehensive,” he said. For example, he said some NEACH members were surprised when some Same Day ACH entries did not post by 5 p.m. local time after Same Day ACH Phase One rolled out in September 2016.