Direct Deposit Electronic Fund Transfer Act (EFTA) Processors 
Stax
MARCH 27, 2025
With its unique structure, ACH transfers work well for improving business cash flow. ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. Regardless of whether you choose EFT, ACH, or both, working with a payment processor is important.
Stax
JULY 9, 2024
To accept card payments, you’ll need a trusted payment processor to provide the hardware and software needed to process the transactions. 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.
Stax
NOVEMBER 11, 2024
These transactions usually process within one to three business days and are most commonly used for payments such as direct deposits for payroll, recurring bill payments, and B2B invoice payments. Simply put, check payments are the analog version of ACH transfers.
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