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Automated Clearing House (ACH) payments are a type of electronicbank-to-bankpayment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA).
As technology advances, digital payment solutions and automation tools are increasingly adopted to streamline B2B payment workflows and improve efficiency and transparency in transactions. Merchant accounts are essential for businesses in online commerce or retail environments where card payments are prevalent.
A scathing research report published earlier this year revealed that banks in the U.K. Researchers found that SMEs have no clear way to compare which bank will provide the cheapest option when in need of internationalpayment services. Top names like Google and Amazon are entering the payments game.
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