Stax

NOVEMBER 13, 2024

It’s like a direct deposit from one account to another, but unlike wire transfers, they are not subject to a fee by the processing banks. Of the two types of ACH transfers, an ACH debit tends to be favored by firms expecting regular ongoing payments. In this setup, the payer “pushes” funds to the recipient’s bank account.

ACH 88

ACH ACH Network Payer Payee 88

EBizCharge

APRIL 25, 2024

Understanding wire transfers and electronic funds transfers, how they operate, and the security they offer is crucial to gaining a clearer picture of today’s financial landscape. What is an electronic funds transfer (EFT)?

Wire Transfer 52

Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

PYMNTS

NOVEMBER 20, 2019

The market is seeing increased usage of automated clearing house (ACH) payments in particular, according to Nacha, which reported that more than 306.7 million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5 percent increase from the previous year.

Real Time Payments 44

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. Today, the CPMI said, electronic funds transfers (EFTs) are among the most common method for handling cross-border B2B payments, as are checks via international bank drafts.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43