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What Is an Electronic Check?

Payment Savvy

How Does an Electronic Check Work? An electronic check is part of a large electronic banking system and a subset of transactions referred to as electronic fund transfers (EFTs). Bank account details. Bank routing number. Years in business. Payment amount.

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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

Sharing your bank account information or, indeed, any kind of personal information at all might seem fairly daunting to many people. However, ordinary consumers and businesses alike are getting used to the fact that in this digital world we live in, electronic banking and handing over personal information with it are the norm these days.

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