Payment Savvy

MAY 16, 2023

Instant ACH Transfer Apps Peer-to-peer apps like Zelle and Venmo can be used as alternatives to traditional ACH transfers for instant money transfers. While not technically immediate ACH transfers, these apps use ACH processing to formalize transactions later, providing a faster and more convenient option for users.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

Stax

SEPTEMBER 17, 2024

ACH transfer is used for various purposes, such as payroll, paycheck direct deposits, recurring and one-time bill payments, Business-to-business (B2B) payments, direct deposit of tax refunds or government payments, Buy now pay later (BPNL), and person-to-person (P2P) payments such as PayPal , Cash App, Zelle, and Venmo.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

OCTOBER 4, 2017

Financials services firm Visa and payment processing company Vantiv recently partnered to offer small businesses a new service called FastAccess Funding that enables merchants to have settlement payments directly deposited into their debit cards instead of waiting for funds to arrive following ACH processing.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

Payment Savvy

DECEMBER 11, 2023

ACH Direct Payments ACH direct payments allow individuals, businesses, and organizations to send money electronically. For example, when you pay your bills online using your bank account, it constitutes an ACH direct payment. Cost: Wire transfers typically involve higher fees compared to ACH transfers.

ACH 52

ACH Wire Transfer Direct Deposit Wire 52

Evolve Payment

APRIL 2, 2025

Cashless ATMs arent the only non-compliant tactic used for cannabis payment processing. Other workarounds cannabis businesses use include PIN debit transactions and peer-to-peer apps like Venmo, PayPal, and Zelle.

Compliance 52

Compliance ATM ACH Payments 52