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Treasury urged to use FedNow, TCH

Bank Automation

30 for all intragovernmental payments, tax refunds, benefits payments and vendor payments, according […] The post Treasury urged to use FedNow, TCH appeared first on Bank Automation News. Treasury to add additional instant payments rails to its infrastructure once paper checks are phased out later this year.

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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.

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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). Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. Checks can bounce, and cash can get lost.

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What is ACH Credit and ACH Debit and How Do They Work?

Stax

An ACH credit payment is a type of payment processed through the Automated Clearing House (ACH) network. The ACH network is governed by the National Automated Clearing House Association (Nacha ), an American organization that administers risk management and rule enforcement for all ACH transfers and works with the Federal Reserve.

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NEW REPORT: H&R Block On Offering Smarter, Faster Tax Refunds

PYMNTS

Mobile payment solution provider BankLabs, for example, recently launched its +Pay solution that integrates with its loan automation product, Construct. How Smarter Payments are Enabling Instant Tax Refunds. Approximately 15 million tax filers begin the process of getting a refund in January.

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Community Bank & Trust Leverages ValidiFI to Verify Bank Account Information

Finovate

Community Bank & Trust will leverage ValidiFI’s vAuth to verify bank account status and account ownership and possession for its Tax Refund Advance loan program. The Florida-based company leverages workflow automation company Omni Platform to offer organizations and financial institutions actionable insights.

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What is an ACH Deposit and How Does It Work?

Stax

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. ACH transactions provide a quick and easy way to pay employees, submit and retrieve tax returns, and automatically control your finances within 1-2 business days.

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