Stax

JUNE 27, 2024

If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. While they’re both electronic modes of payment, they have stark contrasts when it comes to their processes.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

FEBRUARY 9, 2017

As described by Stone, T+3 settlement has been the standard for most stock market and mutual fund trades since 1995 when it replaced the T+5 settlement process. As T+3 was being implemented in the early 90s, the concept of using ACH was raised, but there were two problems that, at the time, were insurmountable.

Reg E 46

Reg E Security Transactions Third-Party Sender 46

Payment Savvy

FEBRUARY 23, 2023

If you are using the Automated Clearing House (ACH) method to process customers’ transactions, you are likely to see three-digit codes if a problem arises. Whenever there is an issue with a direct debit or credit card transaction, one of the parties involved in the payment processing will send a code. What Are ACH returns?

ACH 52

ACH Returns RDFI ODFI 52

Payment Savvy

NOVEMBER 10, 2022

An ACH payment, on the other hand, costs less than a dollar to process. Of course, the final price you will have to pay for it depends on several different factors, such as how many transactions your business normally processes. Using the wrong SEC code can also result in an ACH return.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52