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

Stax

Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo.

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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.