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With ACH debit payments, the recipient is in control, so these payments are pulled, rather than pushed. A customer authorizes these electronic payments by indicating it’s their preferred payment method for recurring bill payments or other essential fundstransfers such as an annual tax payment. Health insurance and premiums.
Understanding an EDI payment and how it differs from Automated Clearing House (ACH) and Electronic FundsTransfer (EFT) is pivotal for efficient financial operations in an increasingly digital world. All ACH transactions are forms of EFTs, but not all EFTs are ACH transactions. What is an EDI payment?
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