Stax

APRIL 10, 2025

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.

Small Business

Fintech Finance

JULY 12, 2024

In its most recent update in October 2023, the Financial Stability Board reports there is a shortfall against G20 targets in the proportion of retail services that make funds available to the consumer in an hour (42% vs target of 75%) and in one business day (76% vs target of 100%).

Cross-Border

Nanonets

SEPTEMBER 8, 2023

." When a wire transfer involves the transfer of funds between banks in different countries, it is known as a "remittance." The sender's bank transmits a message through a secure messaging service like SWIFT or Fedwire. The receiver bank then provides the funds to the receiver.

Wire Transfer

EBizCharge

NOVEMBER 21, 2024

While payment timelines can vary depending on the financial institution and transaction type, business days are typically when most payment activities occur since most don’t process payments on weekends or public holidays. For example, ACH payments have an effective date of two to three business days post-transaction.

Procedures

EBizCharge

MAY 30, 2025

With many businesses facing similar issues with cash flow, understanding this payment mechanism becomes an integral part of modern payment processing. What is next day funding? Next day funding is a financial service that allows businesses to access funds from credit or debit card transactions by the next business day.

Processors