Payment Savvy

OCTOBER 8, 2024

ACH debit transactions are governed by the National Automated Clearing House Association (NACHA) rules, which outline strict security protocols for handling electronic payments. These rules ensure that ACH debit payments are processed securely, with safeguards to protect sensitive financial information. In the U.S.,

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EBizCharge

JULY 18, 2024

Standards: EDI follows strict international standards for formatting electronic documents, whereas ACH transactions comply with the National Automated Clearing House Association (NACHA) rules. The post Understanding EDI Payments: Key Differences from ACH and EFT Transactions appeared first on EBizCharge.

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EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. All participants in the ACH network, including banks, credit unions, and other financial institutions, must comply with NACHA rules.

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