Remove Electronic Funds Transfer (EFT) Remove IAT Remove Online and Mobile Banking
article thumbnail

Navigating the ACH Landscape: Understanding Payment Types and Payment Codes

EBizCharge

ACH payments refer to electronic funds transfers (EFTs) between financial institutions using the ACH network. This system allows businesses and consumers to move money between bank accounts, either within the same institution or across different financial institutions. What are ACH payments?

ACH 52