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Automated Clearing House (ACH) payments are a type of electronicbank-to-bank payment system in the US. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronicbank-to-bank network. This provides an additional layer of security.
The Chicago-based provider uses predictive analytics and digital decisioning to understand customers and make optimal decisions, mitigating fraud and risk. Different algorithms within the decision flow help to reduce time to customer decision like electronicbank statement data parsing models.”.
ACH transfers Automated Clearing House (ACH) transfers have emerged as a preferred B2B payment option for electronicbank-to-bank transactions. While eChecks and ACH transfers involve electronic fund transfers, eChecks specifically refer to digital versions of traditional paper checks.
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