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Eftsure Joins Nacha as Preferred Partner to Strengthen ACH Payment Security

Trade Credit & Liquidity Management

companies with a unique capability: ensuring their vendor payments—whether domestic via ACH, wire payments, or international—are directed to the correct recipients.” Nacha governs the ACH Network, which processed 33.6 This expansion empowers U.S. billion payments valued at $86.2

NACHA 52
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Clearing Up The Case For ISO 20022

PYMNTS

to leverage ISO 20022 payment message standards for the payment itself and for remittance, without forcing everyone to make changes to the ACH formats and continue with existing NACHA Operating Rules ,” Estep said. Unlike the situation with high-value wire transfers, there’s no wide-scale conversion planned for ACH.

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ACH SEC Codes

Payment Savvy

First of all, ACH payments are a lot cheaper than, for example, wire transfers. One wire transfer can cost you even up to $25 to send – and that’s only within the United States. International wire transfers increase the costs even more. There are a few reasons, and you’ll learn all about them in a second.