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Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like ElectronicFundsTransfers (EFT) and Automated Clearing House (ACH). EFT and ACH payments are fast, secure, and hassle-free. Thats ElectronicFundsTransfer (EFT) in action.
More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of ElectronicFundsTransfer (EFT) payments is vast, spanning just about every payment method you can think of. EFT Payment Meaning] What is an EFT payment?
I know from my clients’ standpoints it’s very frustrating when [insurers] say, ‘We’re processing a check and it can take 10 to 15 businessdays, so let us know if you don’t get it,’” Corn said. Checks can be confusing as well as slow, he added.
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