Electronic Funds Transfer (EFT) Push-to-Card Wire 
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.
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.
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.
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%
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.”
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