ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?
Stax
JUNE 27, 2024
billion in 2022 and estimated it to reach $510.30 ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details. Brainy Insights valued the digital payments market at $102.60 billion in 2032.
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