Remove ACH Remove Disputes Remove Electronic Fund Transfer Act (EFTA)
article thumbnail

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). EFT and ACH payments are fast, secure, and hassle-free. Another EFT type that businesses rely on is ACH. In 2024, it processed 1.2

ACH 88
article thumbnail

5 Benefits of ACH Payments Over Check Payments

Stax

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The average consumer commonly uses the ACH network for automated bill payments and larger transactions.

ACH 88
article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

Through transparent disclosures, dispute resolution mechanisms, and limits on consumer liability, regulations shield consumers from deceptive practices and ensure their financial well-being. These state agencies add another layer of regulation, contributing to the complexity of the regulatory landscape.