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How to Choose Between EFT vs ACH: A Comprehensive Guide

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Payments can also be made to local vendors via electronic bank transfers, or fund global transactions with wire transfers. Understanding ACH Payments: The Backbone of Bank Transfers EFT is like a toolbox for digital payments, while ACH is one of the most reliable tools you can find inside. Lets look into that closely below.

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What Is an ACH Payment Facilitator?

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Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). Yes, payment facilitators are regulated.

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Checking Up On Health Care’s Digital ePayments Journey

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Reports pointed to buyer-initiated payment (BIP) programs as an increasingly popular way hospitals are looking to digitize their AP processes and support electronic bank transfers. In 2014, NACHA revealed that it initiated collaborations with health care companies to help the industry adopt ACH payments.

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