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It involves a complex ecosystem of financial institutions, including acquiring banks, payment processors, and card networks, alongside technology providers and regulatory bodies. Payment processors handle transaction authorization, settlement, and security, ensuring seamless and secure payment experiences.
Provides compliance and security advantages ACH payments are one of the most secure payment options your customers can have. Since ACH payments require an ACH form for authorization of payments, customers feel more secure using this payment method. Since it has no intermediaries, the risks of tampering and fraud are reduced manifold.
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