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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

The rule change not only could bring more work for financial institutions and payment service providers, but also underscores the effort needed to bring more payments into the digital age with faster speed and more security — all part of that general ideal. The rule change is the subject of a recent white paper published by GIACT.

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Payments 2016: The Year of Payment Innovation Via Predictive Analytics

PYMNTS

Enova’s 2016 payment innovations were powered by our real-time predictive analytics and on-demand decision-making technology. We improved our debiting practices to optimize overall clearance rates for compliance with NACHA rules.

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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. This post covers everything you need to know about EFT payments. Easy to use.

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Understanding EDI Payments: Key Differences from ACH and EFT Transactions

EBizCharge

Standards: EDI follows strict international standards for formatting electronic documents, whereas ACH transactions comply with the National Automated Clearing House Association (NACHA) rules. Understanding the differences between EDI payments, ACH, and EFT is crucial when considering the electronic transfer of funds.

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