Remove ACH Entry Remove RDFI Remove Technology
article thumbnail

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

With a history dating back to 1972, ACH transfers are a digital evolution of conventional paper checks, with reduced human input and improved efficiency. Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. They’re mostly used to process direct deposits and payments.