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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

Brainy Insights valued the digital payments market at $102.60 If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. billion in 2022 and estimated it to reach $510.30

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ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

Fortunately, the National Automated Clearing House Association (NACHA) , the governing body over the ACH Network, has processes, procedures, and safeguards to protect consumers and merchants from transaction errors. An ACH return occurs when a digital payment transaction can’t be processed. How do ACH returns work?

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How to Stay Compliant with NACHA Requirements

EBizCharge

Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. This includes both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs).