Stax

APRIL 23, 2024

TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACH operators because they are more convenient than most direct deposits.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Payment Savvy

NOVEMBER 10, 2022

Every month, once the deadline for the payment comes, your insurer’s bank will create an ACH entry, requesting an agreed-upon amount of money to be taken from your account. The request is then sent to an ACH operator.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52

PYMNTS

MARCH 6, 2019

The Nvoicepay acquisition means FLEETCOR will expand its existing card payment processing capabilities to include automated accounts payable transactions for a range of payment methods, with a broader focus on modernizing the AP process overall.

B2B 56

B2B Addressing ACH Operations ACH Operator 56

PYMNTS

MARCH 18, 2019

And finally, that the banks and the card networks are the big losers. 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. The Fed’s Hat and the Faster Payments Ring. A Couple of Important Dots.

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