EBizCharge

JULY 16, 2024

Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. What is NACHA? How often are NACHA rules updated? NACHA compliance requirements are reviewed and updated annually.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Stax

JULY 9, 2024

EFT payments automate these processes, resulting in more accurate record-keeping and reducing the administrative burden. Additionally, automated record-keeping and electronic transaction histories simplify auditing and financial reporting, making it easier for businesses to maintain compliance with regulatory requirements.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Payment Savvy

OCTOBER 8, 2024

To help combat this, many businesses and consumers turn to direct debit as an efficient, automated solution. But what exactly is a direct debit, and how does it work? Direct debit allows businesses to automatically collect payments from a customer’s bank account once authorization is given. How Does Direct Debit Work?

ACH 52

ACH Credit Cards ACH Network Authorization 52

EBizCharge

JULY 18, 2024

Ideal for businesses globally, EDI payment systems are crucial for electronic data interchange, carving a niche in the financial transaction process. An Electronic Data Interchange Payment, or EDI Payment , refers to a system where financial transactions are processed electronically in a standardized format. What is an EDI payment?

ACH 52

ACH Transactions Payments Funds Transfer 52