ACH Network Direct Deposit Electronic Fund Transfer Act (EFTA) 
Stax
JULY 9, 2024
ACH payments Another commonly used EFT payment type includes transactions conducted through the ACH network. An ACH credit is commonly used for transactions like receipt of direct deposit payments. One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978.
EBizCharge
JUNE 3, 2024
Here’s a brief overview of the prominent types: Automated Clearing House (ACH): ACH transfers are a reliable and often-used form of EFT. ACH is designed to process batches of transactions, such as direct deposits of salaries or social security benefits and direct payments for bills.
Payment Savvy
NOVEMBER 9, 2022
Setting up direct deposit for your paycheck. Transferring money between your own accounts at different banks. Today, many different types of EFT services are available, ranging from direct deposit to online banking. Direct Deposit. Electronic Checks. Paying your car loan or insurance premium.
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