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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). Thats Electronic Funds Transfer (EFT) in action. Automated Clearing House (ACH) is a subset of EFT in the United States that moves funds through the ACH network.

ACH
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Deep Dive: How Prepaid Cards Support Faster, More Accessible Employee Compensation

PYMNTS

Such factors could drive companies worldwide to seek the utility and flexibility of delivering payroll via prepaid cards, and this month’s Deep Dive examines companies’ growing interest in these tools. . Companies with global workforces need to overcome numerous challenges to quickly and easily pay their employees. Paying unbanked workers

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Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

PYMNTS

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

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Chime’s Expanding Banking Services Menu

PYMNTS

As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. The firm was valued at $500 million as of its last funding round. King and Britt launched Chime in 2014 to address that underbanked segment.

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Fourteen Months In, Extra Credit For Faster (ACH) Credit?

PYMNTS

But others are pushing forward, particularly with respect to funds availability. Want to assign a grade to the requirement to make Same Day ACH funds available by 5:00 P.M.? Give it an “A” said Herd, as 66 percent of FIs are already making Same Day ACH funds available, well ahead of the March 2018 deadline.

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Visa, Ingo Money: Pushing Payments Over The Last (Digital) Mile

PYMNTS

This is the last mile of payments, where a push can get funds where they need to go — literally. This is without friction, and where consumers, borrowers and businesses receive funding 24/7, in the ways they want and on demand. The pair collaborated on the first push payment seen in the United States five years ago.