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5 Benefits of ACH Payments Over Check Payments

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In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% These transactions usually process within one to three business days and are most commonly used for payments such as direct deposits for payroll, recurring bill payments, and B2B invoice payments. in payment volume growth in Q4 2021.

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What is an EFT Payment? Everything to Know About This Method of Payment

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Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information.