100+ Payment Industry Terms Explained in Plain English
Clearly Payments
MAY 22, 2025
ACH (Automated Clearing House) The U.S. Same Day ACH A faster version of ACH that settles payments the same business day. NACHA The organization that governs the ACH network in the U.S. 1099-K A tax form that reports card and third-party payment volume to the IRS for U.S. businesses and freelancers.
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