Paystand

JANUARY 15, 2025

Common ACH payment types include direct deposits, bill payments, and B2B transactions. The ACH network ensures cost-effective and seamless electronic transactions. What Is an ACH Payment? ACH payments are electronic transfers of funds between bank accounts using the Automated Clearing House (ACH) network.

NACHA 40

NACHA ACH Nacha Operating Rules Compliance 40

Paystand

JANUARY 15, 2025

Common ACH payment types include direct deposits, bill payments, and B2B transactions. The ACH network ensures cost-effective and seamless electronic transactions. What Is an ACH Payment? ACH payments are electronic transfers of funds between bank accounts using the Automated Clearing House (ACH) network.

NACHA 40

NACHA ACH Nacha Operating Rules Compliance 40

Payment Savvy

NOVEMBER 10, 2022

In terms of ACH transaction types, there are two – ACH debits, also known as direct payments (when money gets pulled out of an account), and ACH credits, also known as direct deposits (when money gets added to the account). There is a number of situations in which ACH payments are used.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52