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5 Benefits of ACH Payments Over Check Payments

Stax

Or mobile wallet payment solutions like Google Pay and Apple Pay. Once the client sets up a payment profile with their banking information, the payment can be automated and paperless. The Federal Trade Commission offers straightforward advice: “don’t give out your bank account number.”

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Payment Automation: The Future of Business Transactions

Nanonets

The payment process using ACH transfers involves the payee creating a payment order which is received by the originator bank. The originator bank compiles all the POs and sends them to an ACH for processing. The ACH operator then approves and releases the PO amount to the recipient bank.