Stax

MARCH 27, 2025

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). TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Which one should you choose?

ACH

Stax

SEPTEMBER 17, 2024

And on that note, two of the most common modes of electronic funds transfer are ACH and wire transfers. In this post, we’re going to review ACH and wire transfers, look at their similarities, and then see how they compare against each other. However, if the transfer was over $25,000, the reversal may take longer.

Wire Transfer

PYMNTS

APRIL 12, 2019

The HR/finance professional focus seeks to get credentials from a high-ranking employee in a targeted firm and leverages that employee’s legitimate email account to send emails to the finance professionals to get the funds transferred. ACH in the Crosshairs, Too.

Business Email Compromise

Stax

NOVEMBER 11, 2024

ACH payments are consistently ranked as one of the safest payment methods a business can accept, and are regulated by the Federal Reserve Bank and Electronic Fund Transfer Act. For any business looking to implement ACH transfers as an accepted form of payment, it’s important to communicate how easy it is to set up.

ACH

EBizCharge

OCTOBER 17, 2023

ACH transfers refer to the electronic transfer of funds between banks through the ACH network. The most common transactions sent over ACH include electronic funds transfer (EFT), employee payroll direct deposits, and electronic bill payments. What is ACH?

ACH

Nanonets

NOVEMBER 30, 2023

  For accounts payable internal controls best practices, strong internal controls should use technology-based systems to detect and flag possible errors, including duplicate invoices, and prevent potential fraud. AP automation systems flag exceptions and duplicate invoices to avoid payment errors. 

Best Practices

Clearly Payments

JUNE 21, 2024

Duplicate Charges: The cardholder’s account was charged multiple times for the same transaction. Service Discrepancies: For services, the cardholder might feel that the service provided did not match the description or expectations set during the purchase.

Disputes