ACH Processing Compromise Direct Deposit 
PYMNTS
APRIL 9, 2020
While the company’s API allows for white-label ACH processing, Sila has the payment rail in its crosshairs, with Sila CEO and Co-Founder Shamir Karkal describing ACH one of several “outdated payment systems” upon which the global financial system operates. The company recently announced $7.7
BNG Payments
FEBRUARY 4, 2022
Nonprofits can use payment processing services to accept regular donations via direct deposit (also called ACH) instead of credit cards. When card data is encrypted, even if its compromised in a breach, it's basically worthless because it cannot be decrypted.
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