Finextra

AUGUST 7, 2025

So, what can banks do today to tackle this problem head-on? The key is to address money mule activity across the entire lifecycle of the account – from identity verification (prior to onboarding), all the way to account closure.

Accounts

EBizCharge

MARCH 3, 2025

Merchants can process credit cards and Automated Clearing House (ACH) payments or eChecks directly inside Acumatica to accelerate and improve their invoicing operations and overall finances. Another crucial component of integrating credit card and ACH/eCheck payments into Acumatica is its compliance with industry security standards.

Credit Cards

EBizCharge

MAY 22, 2025

Automated tools can help address this issue by sending prompt statements to streamline invoicing procedures and enhance transaction management. Providing various options, such as credit and debit cards, Automated Clearing House (ACH) /eChecks, digital wallets, and more, can encourage timely payments.

Process

Agile Payments

APRIL 10, 2020

PCI compliance doesn't apply to ACH Payment Processing , but to utilize a processing platform that is PCI DSS Level 1 certified certainly doesn't hurt security measures around your ACH origination method.

ACH

Stax

NOVEMBER 11, 2024

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. in Q4 2021.

ACH

EBizCharge

OCTOBER 17, 2023

While payment methods vary depending on location, merchant, and type of transaction, ACH payments are one of the most used electronic payment systems in the U.S. What is ACH? ACH transfers refer to the electronic transfer of funds between banks through the ACH network. What is an ACH return?

ACH

EBizCharge

OCTOBER 25, 2023

As electronic transactions garner popularity and evolving efficiency, understanding the nuances of systems like the Automated Clearing House (ACH) becomes more imperative than ever. An ACH prenote is a preliminary transaction verifying and validating bank account information before initiating an electronic fund transfer (EFT).

ACH

PYMNTS

MAY 3, 2016

A survey published by financial security software firm NICE Actimize found that a whopping 93 percent of banks anticipate new fraud threats resulting from Same Day ACH. Same Day ACH is slated to see its first rollouts among U.S. B2B payments and payroll were cited as two of the strongest use cases for Same Day ACH, NACHA said.

Same Day ACH

EBizCharge

JULY 18, 2024

Understanding an EDI payment and how it differs from Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) is pivotal for efficient financial operations in an increasingly digital world. What are the differences between EDI, ACH, and EFT payments? What is an EDI payment?

ACH

PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018. For the most part, Casali painted a rosy picture about how the Same Day ACH rollout has progressed so far for NEACH’s members.

Same Day ACH

The Finance Weekly

MARCH 1, 2022

The lack of formal FP&A structure, processes, and procedures characterizes the lagging stage, which is common among newly founded startups. IT solutions, including a basic BI tool, can be developed, but all procedures rely on the advanced usage of spreadsheets. This , video below encapsulates exactly how they feel.

Finance

PYMNTS

OCTOBER 14, 2020

Users at companies can streamline their payments with the ability to transmit various payment types, such as check, Mastercard In Control for Commercial Payments , automated clearing house (ACH) and wire via their accounting infrastructure. Reconciliation also comes with the offering.

B2B

EBizCharge

JULY 16, 2024

The National Automated Clearing House Association (NACHA) governs the operation of the Automated Clearing House (ACH) network , a centralized system financial institutions use to facilitate electronic payments and transactions across the U.S. Data security NACHA imposes stringent requirements to protect sensitive financial data.

NACHA

PYMNTS

OCTOBER 5, 2020

The company seeks to allow banks and non-bank financial institutions (FIs) to integrate innovative procedures, such as embedded financing, to enhance client experiences. Nacha Adopts New Rules to Modernize ACH Payments. Nacha has adopted eight new amendments that will assist in modernizing their payment style.

Venmo

PYMNTS

APRIL 12, 2019

ACH in the Crosshairs, Too. The Association for Financial Professionals ( AFP ) found that although automated clearing house transactions are generally regarded by CFO.com to be relatively “safer” than other types of transactions — say, paper checks — fraud involving ACH is on the rise.

Business Email Compromise

PYMNTS

SEPTEMBER 29, 2020

Insight Partners’ investment occurs as vendors and payors have to transition from procedures based on hard copies as the coronavirus has quickly sped up the adoption of digital payments in the cargo market.

Payment Networks

The Payments Association

JANUARY 29, 2025

A monitoring framework must be implemented without delay and include structured assurance processes, documented procedures, and regular reviews to identify breaches early and mitigate regulatory risks. Offer support for regulatory enforcement and remediation services to help your firm navigate and recover from enforcement actions.

Financial Crimes

EBizCharge

NOVEMBER 21, 2024

To mitigate payment delays and avoid payment interest penalties, understanding the constructive acceptance period and applicable agency procedures can ensure timely and efficient processing. By adhering to the defined payment procedures, businesses can avoid additional penalty payments and maintain smooth financial operations.

Procedures

PYMNTS

MAY 12, 2020

The two-week cycle, Ossip said, is a remnant of an era when that was roughly how much time it took to true up those two systems or get all the necessary managerial approvals to send the files to be paid, and then transmit the funds — either via check or ACH-based direct deposit — to consumer bank accounts.

Payroll

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Such procedures are also prone to human error, which can decrease customer satisfaction and affect vendor relationships. Manual processing challenges.

Process

The Payments Association

DECEMBER 16, 2024

Regularly reviewing payment systems, accounting procedures, and compliance policies can improve speed, cost-efficiency, and accuracy. SEPA, ACH, Faster Payments) to reduce delays and costs. By using these tools, companies can safeguard against unforeseen rate changes while maintaining financial stability.

International Payments

PYMNTS

NOVEMBER 17, 2020

Utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument,” Leavitt said in a recent interview with PYMNTS. The disruption is especially prevalent in healthcare institutions, struggling to keep up as COVID-19 cases surge and more profitable elective procedures are delayed.

Payment Solutions

EBizCharge

JUNE 3, 2024

Here’s a brief overview of the prominent types: Automated Clearing House (ACH): ACH transfers are a reliable and often-used form of EFT. ACH is designed to process batches of transactions, such as direct deposits of salaries or social security benefits and direct payments for bills.

Funds Transfer

PYMNTS

APRIL 9, 2020

Corporate buyers want access to a range of payment methods that include credit cards and ACH for maximum convenience, with 53 percent of surveyed North American businesses favoring ACH for B2B transactions in 2018. These discrepancies often result in less-established players having to give in to their bigger trading partners’ desires.

API

Nanonets

SEPTEMBER 1, 2023

Over time, business payments have evolved from ACH to wire transfers and credit cards, culminating in the emergence of FedNow. Depending on your business's unique circumstances, you now have options like ACH, virtual cards, and tailored online methods for vendor payments. per invoice during processing.

FedNow

PYMNTS

MARCH 9, 2020

Instead, they might be making payments with electronic ACH deposits, wire transfers, or some other electronic deposit, which is difficult for the corporate treasurer to reconcile. That procedure is all done manually, and it further creates problems amid a shift to electronic payments.

Treasury

PYMNTS

AUGUST 29, 2019

Open banking is typically achieved via application programming interfaces (APIs) that allow third-party developers to create tools based on the specific services and information FIs offer, ensuring they are compatible with other banks’ procedures.

Credit Union

PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses.

Phishing

PYMNTS

NOVEMBER 26, 2020

Corporate buyers now want to pay merchants via methods like automated clearing house (ACH) and wire transfers as well as set up automated recurring payments, Vodicka said, though these payment digitization efforts represent only one step in a larger AP modernization push for many businesses. Ripple Effects: AR Modernization.

B2B

PYMNTS

MAY 8, 2017

Processing has to be continual — even overnight — and companies have to update their anti-fraud procedures as well. One of the largest concerns regarding real-time payments is for the banks to be able to identify and mitigate a fraudulent transaction that is settled far more quickly than even same-day ACH payments today.

Real Time Payments

Payment Savvy

JUNE 2, 2021

There will be shorter wait times to checkout, and you can even automate some procedures so that you can speed up transactions. By taking cash out of the equation, transactions can be done faster. This contributes to a higher turnover and streamlines processes. Electronic payments are part of a successful business infrastructure.

Risk

Fi911

AUGUST 1, 2023

FedNow offers a flexibility that conventional online transfers via the Automated Clearing House (ACH) Network currently don’t provide. ACH transfers, which operate in batch mode, typically require one to three business days for completion. How Does FedNow Differ from Conventional Payments?

FedNow

PYMNTS

OCTOBER 8, 2019

Additional services match purchase orders (POs) with invoice numbers, and automate other processes important to accelerating approval procedures. Many businesses cling to traditional payment methods like paper checks, even while faster and more modern alternatives, such as digital wallets and Same Day ACH, are available to them.

Automation

PYMNTS

SEPTEMBER 28, 2020

Switching to digital transactions often necessitates more supplier details, however, as companies need to verify vendors’ bank account information to issue electronic payments made via automated clearinghouse (ACH), for example. The continued use of manual-heavy procedures causes friction, however. Digital Fixes.

Enrollments

Stax

MAY 7, 2024

The transactional procedures are the authorization, clearing, and settlement processes of the funds being transferred. Automated clearing house (ACH) transactions are electronic bank-to-bank transfers with lower fees ranging from 0% to 1.99%. To complete payment processing, credit card companies have to charge processing fees.

Credit Cards

Payment Savvy

JANUARY 20, 2021

It’s important to regularly review your processes and procedures and pay close attention to your collection agency challenges. Provide Multiple Payments Methods – Obviously, you want your agency to accept credit cards, debit cards, and ACH payments. Don’t overlook HOW a debtor can pay you.

Correspondent

PYMNTS

MAY 12, 2020

Lenders must be wary of other opportunities for bad actors even after a loan is issued: When funds are disbursed via ACH, are they landing in the intended account? With every new stimulus round, lenders will become more prepared to combat fraud through adequate onboarding procedures.

Due Diligence