Direct Deposit, Document and Electronic Fund Transfer Act (EFTA)

Search:

DAY

WEEK

MONTH

YEAR

Select your country:
Sign up | Log in

Direct Deposit

Document

Electronic Fund Transfer Act (EFTA)

What is an EFT Payment? Everything to Know About This Method of Payment

Stax

JULY 9, 2024

Traditional payment methods require businesses to handle, store, and process physical documents, which can be time-consuming and prone to errors. An ACH credit is commonly used for transactions like receipt of direct deposit payments. One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978.

Electronic Fund Transfer Act (EFTA)

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

The Basics of Electronic EFTs: What is an Electric Funds Transfer?

EBizCharge

JUNE 3, 2024

Here’s a brief overview of the prominent types: Automated Clearing House (ACH): ACH transfers are a reliable and often-used form of EFT. ACH is designed to process batches of transactions, such as direct deposits of salaries or social security benefits and direct payments for bills.

Funds Transfer

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer

Payments Space

What is an EFT Payment? Everything to Know About This Method of Payment

The Basics of Electronic EFTs: What is an Electric Funds Transfer?

Stay Connected