Stax

SEPTEMBER 17, 2024

ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs.

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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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Payment Savvy

OCTOBER 8, 2024

This can include fixed payments, such as a subscription service, or variable payments, such as utility bills, where the amount owed may differ each month. One of the standout features of direct debit is its flexibility. Both direct debit and ACH debit allow for automatic, recurring payments.

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