Remove ACH Network Remove Electronic Fund Transfer Act (EFTA) Remove Nacha Rules
article thumbnail

5 Benefits of ACH Payments Over Check Payments

Stax

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The ACH network is governed by a variety of regulatory bodies. in Q4 2021.

ACH 88
article thumbnail

What is an EFT Payment? Everything to Know About This Method of Payment

Stax

Regulatory and Compliance Issues with EFT Payments Regulatory and compliance issues surrounding EFT payments are critical for ensuring the security and integrity of electronic transactions. ACH payments Another commonly used EFT payment type includes transactions conducted through the ACH network.