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What is ACH Credit and ACH Debit and How Do They Work?

Stax

ACH payments work as a one-to-one payment where a customer makes a payment to another person or company by submitting the details of the transaction via their bank’s online account, transferring money from one bank account to another. They are also used for person-to-person payments or community crowdfunding campaigns.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. That all of this might stem from the hidden agenda of making it free – or as close to free as possible – to move money. A Couple of Important Dots.