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). EFT and ACH payments are fast, secure, and hassle-free. Thats Electronic Funds Transfer (EFT) in action.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Clearly Payments

MARCH 31, 2025

81% of small businesses accept credit and debit cards, while 37% accept digital wallets such as Apple Pay and Google Pay. Larger enterprises, however, are more likely to integrate advanced electronic payment systems, including ACH transfers and custom corporate payment solutions. In the U.S., In Canada, a similar trend exists.

Small Business 59

Small Business Electronic Funds Transfer (EFT) Credit Cards Payments 59

Stax

NOVEMBER 13, 2024

ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. Making a payment via the ACH network differs from making a payment with a credit card in that you are sending the money directly from one account to another, instead of charging it to a card you would later be liable to repay.

ACH 88

ACH ACH Network Payer Payee 88

Clearly Payments

JANUARY 25, 2024

Digital Only Banks or Neobanks The emergence of digital-only banks injects competition, propelling the use of debit cards and credit cards, impacting the overall payment processing market. Digital banks, sometimes called Neobanks, push consumers into digital banking and digital payments. User penetration will be 9.5%

Process 105

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

PYMNTS

JUNE 13, 2018

“PayStand has built a unique infrastructure capable of natively supporting Canadian electronics funds transfer (EFT) and card payment technology, essentially transforming and modernizing the entire payments lifecycle for businesses, no matter the manner of payment.”

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

AUGUST 1, 2019

Many initiatives are currently underway around the globe to push such efforts along, meaning interoperability may not be as far off as once thought. Examples of scheme interoperability include checks, electronic funds transfers (EFT) and open-loop debit and credit card systems.

Cross-Border Payments 43

Cross-Border Payments Cross-Border Interoperability Electronic Funds Transfer (EFT) 43

EBizCharge

SEPTEMBER 17, 2024

What is an ACH transfer? ACH transfers are electronic funds transfers (EFT) that allow money to be moved between different bank accounts across the U.S. The two types of ACH transfers are ACH credit, where funds are pushed into an account, and ACH debit, where funds are pulled from an account.

ACH 52

ACH Same Day ACH Electronic Funds Transfer (EFT) Direct Deposit 52