Stax

NOVEMBER 13, 2024

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. What are ACH Debit Payments? This type of transaction is perfect for regular, predictable payments.

ACH 88

ACH ACH Network Payer Payee 88

Stax

JULY 9, 2024

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 Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. What is an Electronic Funds Transfer (EFT) Payment?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

APRIL 1, 2020

Such concerns drove the federal government to pass the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but this was not the first attempt to improve the debit card situation. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

EBizCharge

JULY 18, 2024

Ideal for businesses globally, EDI payment systems are crucial for electronic data interchange, carving a niche in the financial transaction process. An Electronic Data Interchange Payment, or EDI Payment , refers to a system where financial transactions are processed electronically in a standardized format.

ACH 52

ACH Transactions Payments Funds Transfer 52