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Eftsure Joins Nacha as Preferred Partner to Strengthen ACH Payment Security

Trade Credit & Liquidity Management

The platform promotes ACH payments as the preferred method, excluding check payments, to enhance security and efficiency. This partnership with Nacha bolsters finance teams’ ability to streamline and secure outbound payments with enhanced visibility, control, and trust. Nacha governs the ACH Network, which processed 33.6

NACHA 52
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B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

To address the supplier acceptance challenge, CardUp automatically shifts bank transfer or check payments to cards, while ensuring that suppliers receive those funds via the original payment method. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network.

B2B 88
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ACH SEC Codes

Payment Savvy

The most common ones are: an employer sending money to their employees’ checking accounts, a customer sending money to a business for a service or goods, a business sending payment to the supplier for products or materials, a taxpayer sending money to Internal Revenue Service (IRS) or local organization. TRC – Truncated Entry.