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How to Stay Compliant with NACHA Requirements

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Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer.

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Understanding EDI Payments: Key Differences from ACH and EFT Transactions

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EDI vs ACH EDI payments refer to the process and standards for exchanging business documents electronically, including the transfer of funds. ACH is widely known for processing large credit and debit transactions, including direct deposits and bill payments.

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