Remove ACH Network Remove Electronic Banking Remove Funds Transfer
article thumbnail

What Is an Electronic Check?

Payment Savvy

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. As an eCheck comes in an electronic format, it requires fewer steps to process it.

Checks 52
article thumbnail

ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

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
article thumbnail

What Is an ACH Payment Facilitator?

Stax

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA).

ACH 88