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NACHA Payments Explained: Achieving ACH Compliance & Efficiency

Paystand

Common ACH payment types include direct deposits, bill payments, and B2B transactions. The ACH network ensures cost-effective and seamless electronic transactions. What Is an ACH Payment? ACH payments are electronic transfers of funds between bank accounts using the Automated Clearing House (ACH) network.

NACHA 40
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NACHA Payments Explained: Achieving ACH Compliance & Efficiency

Paystand

Common ACH payment types include direct deposits, bill payments, and B2B transactions. The ACH network ensures cost-effective and seamless electronic transactions. What Is an ACH Payment? ACH payments are electronic transfers of funds between bank accounts using the Automated Clearing House (ACH) network.

NACHA 40
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ACH SEC Codes

Payment Savvy

Instead, they are under the jurisdiction of NACHA (The National Automated Clearing House Association), which establishes the rules and regulations that all the institutions that are part of the network follow. When it comes to an ACH transaction, there are two main participants.