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Understanding EDI Payments: Key Differences from ACH and EFT Transactions

EBizCharge

EDI vs EFT EFT , Electronic Funds Transfer, is a broad term for any electronic payment method, including ACH transfers, credit card payments, and wire transfers. All ACH transactions are forms of EFTs, but not all EFTs are ACH transactions. EDI is an EFT method that focuses on inter-company communication.

ACH 52