Electronic Fund Transfer Act (EFTA) and Non-Bank

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

MARCH 27, 2025

TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Thats Electronic Funds Transfer (EFT) in action. They check for fraud and fund availability (Verification) before depositing the money into your account (Completion).

ACH

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire

What is a Cash Discounting Program and How Does It Work?

Stax

SEPTEMBER 24, 2024

Reduced risk of chargebacks – A chargeback is a reversal of a debit or credit card payment initiated by a customer through their bank or card provider. To comply with the non-discriminatory rule, train your staff to verbally offer the cash discount to all customers even when they’ve expressed interest in paying electronically.

Credit Cards

Credit Cards Electronic Fund Transfer Act (EFTA) Push-to-Card Debit Card

Payments Space

How to Choose Between EFT vs ACH: A Comprehensive Guide

What is a Cash Discounting Program and How Does It Work?

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