Stax

APRIL 10, 2025

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.

Small Business

PYMNTS

AUGUST 30, 2018

Because no matter which side of a transaction they may be on, cross-border trading partners expect to be able to complete transactions conveniently, simply and quickly – and in their local currency. Ripple , for example, is claiming it can facilitate cross-border payments within two minutes, instead of two to three days.

Cross-Border

Nanonets

SEPTEMBER 8, 2023

First, let's delve into the mechanics of ACH and Wire transfers, followed by an exploration of their distinctions, guidance tailored for small businesses, and concluding with instructions on establishing ACH and Wire processes. What is ACH? ACH and Wire are both Electronic Fund Transfer methods.

Wire Transfer

Stax

JUNE 27, 2024

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. After that, the bank uses various networks for the transfer depending on the type of wire transfer.

Wire Transfer