Payment Savvy

MAY 16, 2023

The backbone of these developments is none other than America’s Automated Clearing House (ACH) which facilitates seamless electronic transactions between banks and financial institutions within its network. Instant ACH transfers have gained prominence as they cater to the increasing demand for expedited financial transactions.

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Payment Savvy

SEPTEMBER 5, 2024

You’ve probably heard the term “ACH deposit,” but what does it really mean? ACH stands for Automated Clearing House, a network that handles electronic payments and transfers. So, what is an ACH deposit? ACH direct deposits are common. What Is an ACH Deposit? So, what does an ACH deposit mean?

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EBizCharge

SEPTEMBER 18, 2024

Automated Clearing House (ACH) transactions are revolutionizing how businesses and consumers transfer money, offering a variety of payment types to meet diverse needs. Recognizing the different types of ACH payments and their relevant codes is crucial for navigating this complex landscape. What are ACH payments?

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Fintech Finance

AUGUST 19, 2024

Unit21 , a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, today announced a new bundle of features for Automated Clearing House (ACH) transactions.

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Finextra

AUGUST 19, 2024

Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, today announced a new bundle of features for Automated Clearing House (ACH) transactions.

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EBizCharge

OCTOBER 17, 2023

While payment methods vary depending on location, merchant, and type of transaction, ACH payments are one of the most used electronic payment systems in the U.S. What is ACH? ACH transfers refer to the electronic transfer of funds between banks through the ACH network. What is an ACH return?

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The Paypers

JANUARY 31, 2024

Fraud and dispute management SaaS solutions provider Quavo has released new automated ACH capabilities to its cloud-based dispute management platform, QFD.

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Nanonets

APRIL 8, 2024

As everyday tools and services become increasingly subscription-based, so too does our overall automation strategy when it comes to business management. But, just as keeping a subscription on automatic renewal without oversight can be a costly mistake, so too can mismanaging recurring ACH transactions. What are ACH Payments?

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Paymerang

NOVEMBER 28, 2023

If your business is using Automated Clearing House (ACH) transactions to pay more of its suppliers, you are not alone. billion B2B transactions were made via ACH in the third quarter of 2023, a 9.6 percent increase from a year earlier, per NACHA, which governs the ACH Network.

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Nanonets

MARCH 20, 2023

What are ACH payments? ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States. The ACH network is managed by NACHA, which was earlier known as the National Automated Clearing House Association.

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Nanonets

APRIL 18, 2023

Automated Clearing House (ACH) payments have become increasingly popular among growing businesses, for their faster processing times, lower fees, and reduced risk of fraud. However, managing ACH payments can be a challenging task for AP teams, especially when dealing with multiple vendors and payment preferences.

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Payment Savvy

DECEMBER 11, 2023

Automated Clearing House ( ACH) transfers have revolutionized the way we handle our finances, offering a convenient and secure method to send and receive money electronically. Read on and learn everything you need to know about ACH transfers , including their types, benefits, potential downsides, and their alternatives.

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The Paypers

AUGUST 20, 2024

Unit21, a specialist in risk and compliance, has unveiled a range of features for Automated Clearing House (ACH) transactions using Generative AI technology.

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EBizCharge

JULY 18, 2024

Understanding an EDI payment and how it differs from Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) is pivotal for efficient financial operations in an increasingly digital world. Understanding how EDI payments work involves a series of automated steps that enhance efficiency and accuracy in business transactions.

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PYMNTS

OCTOBER 4, 2020

Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.

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Agile Payments

JUNE 3, 2020

An ACH API integration enables a business or SaaS platform to automate ACH payment processing and reconciliation. Any business that accepts recurring payments should leverage the ACH network for 2 compelling reasons:

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EBizCharge

OCTOBER 25, 2023

As electronic transactions garner popularity and evolving efficiency, understanding the nuances of systems like the Automated Clearing House (ACH) becomes more imperative than ever. An ACH prenote is a preliminary transaction verifying and validating bank account information before initiating an electronic fund transfer (EFT).

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Fintech Finance

JULY 23, 2024

Bank today introduced a comprehensive accounts receivable (AR) platform to help suppliers accelerate cash flow, cut costs through automation and deliver better payment experiences. Collections: Optimizes collections with customized outreach approaches, automation of repetitive tasks and better cash forecasting. The post U.S.

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Payments Dive

MARCH 19, 2024

Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.

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Nanonets

AUGUST 16, 2024

But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. This article explores the impact of automation on the claims landscape, whether you're an insurer looking to streamline operations or a policyholder seeking quicker resolutions. What is claims process automation?

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Payment Savvy

FEBRUARY 23, 2023

If you are using the Automated Clearing House (ACH) method to process customers’ transactions, you are likely to see three-digit codes if a problem arises. What Are ACH returns? Automated Clearing House (ACH) payments are electronic payment processing carried out between two financial institutions (e.g.,

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Nanonets

MARCH 24, 2023

You can pay vendors via ACH, virtual cards, or other online payment methods, depending on your specific business and circumstances. Pay vendors with ACH ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States.

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Payment Savvy

MAY 12, 2023

Payment automation solutions have transformed the way businesses handle their accounts payable departments. With the increasing need for cost savings, efficient payment processing, and secure financial data management, payment automation has become an essential tool for modern businesses. What Are Payment Automation Solutions?

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Nanonets

APRIL 10, 2024

Automation in accounts payable refers to using software to digitize, streamline, and optimize the end-to-end process of managing payables. In this blog, we will discuss Sage Intacct , specifically for finance teams, and how Account Payable Automation (APA) is the next step to improving the process.

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The Paypers

AUGUST 5, 2022

US-based National Automated Clearing House Association (Nacha) has revealed growth in Same Day ACH and B2B payments, moving 7.5 billion payments in Q2 of 2022.

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PYMNTS

MAY 3, 2020

Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release. Usually, an ACH payment issued before the day’s 6 p.m. Usually, an ACH payment issued before the day’s 6 p.m. Eastern Standard Time.

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EBizCharge

MARCH 12, 2024

Automated Clearing House (ACH)/eChecks: ACH /eCheck payments help businesses avoid the hassle of processing and depositing paper checks, accelerating and improving customer payments to free up time and resources. Whereas ACH payments typically accrue lower transaction fees.

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PYMNTS

APRIL 24, 2020

It’s been a boon for ACH payments, said Jeff Thorness, president of Forte Payment Systems , a CSG company. As Thorness explained, their embrace of ACH processing technologies is likely to have far-reaching impacts into how they send and receive payments with government suppliers, too, particularly as ACH innovation accelerates.

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Payment Savvy

MAY 19, 2021

In today’s world, ACH payments thrive and replace the paper check as the more convenient, safer, and faster payment solution. ACH, which stands for the Automated Clearing House, is an electronic network facilitating the transfer of money between 2 bank accounts. In recent times, ACH payments have increased in popularity.

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PYMNTS

JULY 30, 2020

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Plaid is connected to more than 11,000 financial institutions.

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Nanonets

AUGUST 17, 2023

Automating Invoice Approval Workflows Invoice approval is a crucial step in managing the financial operations of any business. However, with the advancement of automation technology, businesses can use tools to streamline their invoice approval workflows and enhance efficiency. What is Invoice Approval?

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Finextra

APRIL 22, 2024

Coupa can now connect to Paymode-X, Bottomline’s business payments network that offers Premium ACH, to automate payments from buyers to suppliers. Coupa, the margin multiplier company, and Bottomline, a global leader in business payments, announced a strategic partnership to simplify and optimize payment processes for businesses.

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PYMNTS

AUGUST 7, 2020

PYMNTS’ July 2020 Reinventing B2B Payments Report done in collaboration with American Express looks at the AR and AP automation space from the perspective of businesses in recovery mode. AP automation is stepping into the void this has created with configurable, secure systems. merchant services at American Express, told PYMNTS.

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Payments Source

SEPTEMBER 21, 2016

As the payments industry prepares to lay the foundation for same-day Automated Clearing House payments this week, technology provider linked2pay is combining merchant onboarding for acquirers with real-time acceptance of ACH and other payment services.

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Nanonets

JULY 18, 2023

Fortunately, cutting-edge advancements in automation technology have revolutionized the accounts payable landscape, offering businesses an opportunity to streamline their workflows and achieve unprecedented levels of efficiency. Photo by Carlos Muza / Unsplash What is NetSuite Automation? What is Oracle NetSuite?

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Nanonets

AUGUST 17, 2023

Accounts Payable Automation is the solution to the problems of manual AP management and can optimize the procure-to-pay workflow for financial teams. In contrast, companies with end-to-end AP automation and the highest level of process maturity paid only $1.45 The move towards AP automation requires careful planning and execution.

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PYMNTS

DECEMBER 17, 2019

They can adopt technology to automate various aspects of checks, from printing to generation to submission and, on the accounts receivable side, processing and reconciliation. The other strategy is to migrate to another payment rail, likely Automated Clearing House (ACH), which is quickly climbing the B2B payment ranks.

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