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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

They’re mostly used to process direct deposits and payments. Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo. This is the first step for both debits and credits.

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Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. 2013 and Feb.

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How to Stay Compliant with NACHA Requirements

EBizCharge

Data security in line with NACHA standards involves thorough measures that uphold the confidentiality and integrity of customers’ financial information, contributing to a secure ACH network. This includes both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs).

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