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What Is an ACH API and How Does It Work?

Stax

TL;DR An ACH API allows businesses to automate bank-to-bank payments—like ACH debits, credits, and recurring payments—by integrating directly with the ACH network via software. ACH (Automated Clearing House) transactions are electronic money transfers from one bank to another processed through the ACH network.

ACH
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What Are AI Agents? A Practical Guide for Accounting Teams

FloQast

AI agents help accounting teams do their work by automating various accounting, compliance, and reporting workflows across their organization. Scalability : Automation of accounting functions supports growth and reduces the need to hire new team members as transaction volumes rise. Lets dive in! What are AI Agents? tax professionals.

AI
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As Federal Checks Disappear, Banks Face Surge in ACH Payments and Rising Fraud Risks

Finextra

In March 2025, the White House issued a mandate requiring that, by the end of fiscal year 2025, nearly all federal government payments—including tax refunds—must transition from paper checks to electronic channels, primarily through the Automated Clearing House (ACH) network. Federal paper check usage remains concentrated in a few key areas.

ACH
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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

ACH (Automated Clearing House) The U.S. IRS 6050W A tax rule that requires payment processors to report merchant transaction volume to the IRS using Form 1099-K. 1099-K A tax form that reports card and third-party payment volume to the IRS for U.S. FedNow A new U.S. businesses and freelancers.

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The Top Payment Methods For Small Businesses

Stax

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.

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Like 9/11, the coronavirus can spur needed payment automation

Payments Source

There is a need and opportunity here to rebuild the aging, legacy infrastructure in payments, at the IRS, and within the banking system. It is not a technology problem. It is an opportunity, says payments consultant Collin Canright.

IRS
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Bectran Unveils Instant IRS TIN Verification

Trade Credit & Liquidity Management

From a Press Release Dated April 10, 2025, Schaumburg, Illinois Bectran, an accounts receivable management technology provider, has launched a new integration with Cobalt to enable real-time IRS-based Tax Identification Number (TIN) verification directly within its platform.

IRS