Stax

APRIL 23, 2024

TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACH operators because they are more convenient than most direct deposits.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Payment Savvy

FEBRUARY 23, 2023

There are two main ACH payment methods: direct deposits and direct payments: ACH direct deposits : Whenever you need to deposit your money to someone’s account, you can do it through ACH direct deposits. In rare cases, you may have the ACH Operator or ODFI do that.

ACH 52

ACH Returns RDFI ODFI 52

EBizCharge

OCTOBER 17, 2023

The most common transactions sent over ACH include electronic funds transfer (EFT), employee payroll direct deposits, and electronic bill payments. government to send payments such as tax refunds, Social Security benefits, and other government assistance programs. How do ACH returns work?

ACH 52

ACH Returns RDFI ODFI 52

EBizCharge

JULY 16, 2024

Under NACHA’s stewardship, the ACH network processes various payments, including direct payments for payroll, social security benefits, tax refunds, and more. It also manages direct deposits, which can encompass forms of government and business disbursements. How often are NACHA rules updated?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52