EBizCharge

JULY 18, 2024

Understanding the differences between EDI payments, ACH, and EFT is crucial when considering the electronic transfer of funds. EDI vs ACH EDI payments refer to the process and standards for exchanging business documents electronically, including the transfer of funds. EDI is an EFT method that focuses on inter-company communication.

ACH 52

ACH Transactions Payments Funds Transfer 52

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. and one of two operators of the ACH network in the U.S., And finally, that the banks and the card networks are the big losers.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78