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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. Lets look into that closely below.

ACH
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Corporates Play Payment Rail Musical Chairs

PYMNTS

The coronavirus pandemic has some organizations playing payment rails musical chairs in their accounts payable (AP) departments as they adjust payment strategies (and methods) to suit their needs in a volatile, remote working environment. Just which payment rail they will migrate to, however, remains unclear.

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Mastercard: COVID-19 Is Prompting Treasury Banks To Prioritize Digital Payments

PYMNTS

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. The system can provide insurance-policy holders with claim payments in near real time using their preferred payment method.

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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

PYMNTS

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies.

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How Tariffs are Impacting Payments and Credit Card Processing

Clearly Payments

But they also have a ripple effect that extends to merchants pricing strategies, customer behavior, and yes, even how payments are processed. While credit card processing fees arent directly subject to tariffs, many businesses are seeing indirect impacts that affect their bottom line. This raises average transaction values.

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Healthcare Leans Into Faster Payments

PYMNTS

Curing payment pains associated with complicated medical billing gets to the heart of how payments technology is moving medical money in smarter, faster ways. Real-Time Payments Get Healthy. Despite widespread efforts to malign the paper check, it’s still a staple in healthcare payments and a prime cause of slow-moving money.

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Banks’ Definitive B2B Payments Guide To Sibos

PYMNTS

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments.

B2B