ACH Network Continuity Electronic Fund Transfer Act (EFTA) 
Stax
MARCH 27, 2025
TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. What makes ACH different from other electronic payment methods?
Stax
JULY 9, 2024
Since this trend continues to gain traction, many small businesses are also implementing this option for their customers. This payment method is convenient and continues to be a growing trend, especially among younger demographics. One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978.
Payment Savvy
NOVEMBER 9, 2022
And with the continued growth of mobile commerce, we can only expect electronic transfers to become even more prevalent. The best way to explain how EFT payments work is to provide some common examples of how your money moves through electronic payment networks. So, an ACH payment is just one example of an EFT.
EBizCharge
JUNE 3, 2024
Here’s how EFTs work: Initiation: A party starts the EFT process by providing the necessary bank account information and authorizing funds transfer. Processing: The information then goes through a secure network, such as the ACH network, where transactions are batched and processed.
Clearly Payments
FEBRUARY 8, 2024
The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. Payment Networks: Major payment networks such as Visa, Mastercard, and the Automated Clearing House (ACH) Network also play significant roles in regulating payment transactions.
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