EBizCharge
AUGUST 8, 2024
Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. ACH payments process large volumes of credit and debit transactions in batches.
Stax
JULY 9, 2024
EFT Payments vs Credit Card Payments While debit transactions are EFT payments, credit card payments are not. Multi-factor authentication (MFA) is commonly used to verify the identity of users initiating EFT transactions. EFT payments involve the direct transfer of funds between bank accounts.
EBizCharge
JULY 16, 2024
Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer. Authorization documents must be retained and made available upon request, serving as proof of compliance and legitimizing the transaction.
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