Stax

APRIL 23, 2024

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Payment Savvy

SEPTEMBER 5, 2024

They give their bank a request to send funds through the ACH network. The bank then packages this request into a digital file, which gets sent to an ACH operator. This operator acts like a middleman, making sure everything is in order and routing the payment to the right place. Another risk is unauthorized transactions.

ACH 52

ACH ACH Network Wire Transfer Direct Deposit 52

PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Same Day ACH and the card rails – both of which allow for money to move fast into consumer and business bank accounts for every consumer with a debit product.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

AUGUST 12, 2019

Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. Fast-forward four decades, and everyone – FIs, ACH operators, FinTechs – have been working overtime to get payroll off the paper check and to get wages into workers’ bank accounts faster.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78