Electronic Banking Funds Availability Processors 
Stax
MARCH 27, 2025
They check for fraud and fund availability (Verification) before depositing the money into your account (Completion). Payments can also be made to local vendors via electronic bank transfers, or fund global transactions with wire transfers. EFT comes in many forms that suit different business needs.
EBizCharge
MAY 15, 2024
Here are some fundamental terms to understand: Merchant account Payment gateway Payment processor Acquirer Issuer Merchant account A merchant account is a specialized bank account that allows businesses to accept customer payments through credit cards and other electronic payment methods.
Payment Savvy
NOVEMBER 14, 2022
How Does an Electronic Check Work? An electronic check is part of a large electronic banking system and a subset of transactions referred to as electronic fund transfers (EFTs). The process of clearing an electronic check can vary slightly between different providers, which may affect their processing times.
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