Payment Savvy

DECEMBER 11, 2023

Automated Clearing House ( ACH) transfers have revolutionized the way we handle our finances, offering a convenient and secure method to send and receive money electronically. Whether it’s receiving your paycheck through direct deposit or paying your bills online, ACH payment solutions have become an integral part of our daily lives.

ACH 52

ACH Wire Transfer Direct Deposit Wire 52

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.

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

Stax

JUNE 27, 2024

Businesses can set up automated payments via ACH debit Not as convenient as ACH payments due to the long processing period Geographic reach Domestic ACH payments are only available for US accounts. Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Nanonets

MARCH 21, 2023

ACH (Automated Clearing House) payments are basically EFTs ( electronic fund transfers ) that use the ACH network to move funds between bank accounts in the United States. ACH is most commonly used for direct deposit of payroll, payment of bills, and business-to-business payments.

ACH 52

ACH RDFI ACH Network ODFI 52