Payment Savvy

NOVEMBER 8, 2022

What Exactly is an ACH? Depending on your end goal, there are a few different types of ACH. They pretty much break down into ACH payments and ACH transfers, both encompassed within the ACH network. EFTs constitute a whole range of digital transfer and payment methods.

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

Payment Savvy

NOVEMBER 14, 2022

With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. Similarly to a traditional paper check, an eCheck serves as a funds transfer statement between two bank accounts.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

Stax

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. You must have the employees’ bank routing numbers, account numbers, and authorization to set up payroll via ACH transfer.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88