ACH Network Electronic Fund Transfer Act (EFTA) Procedures 
EBizCharge
JUNE 3, 2024
Here’s how EFTs work: Initiation: A party starts the EFT process by providing the necessary bank account information and authorizing funds transfer. Processing: The information then goes through a secure network, such as the ACH network, where transactions are batched and processed.
Clearly Payments
FEBRUARY 8, 2024
Payment Networks: Major payment networks such as Visa, Mastercard, and the Automated Clearing House (ACH) Network also play significant roles in regulating payment transactions. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.
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