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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

There are two ACH categories based on who has control over the payment: ACH credit or ACH debit. ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. Businesses use this to set up automatic payments for payroll, regular vendor transactions, and bill payments.

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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

PYMNTS

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. But how businesses reshape their payment practices varies. “As Payments Rails. Interestingly, the same figure (54 percent) said checks were the least-preferred method.

Payer 60
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Optimizing B2B eCommerce Payments From The Moment Of Onboarding

PYMNTS

Markus Hansson, chief product officer at Sweden-based Payer, recently spoke with PYMNTS about how the process of onboarding a new B2B customer must be optimized to ensure that a successful payment occurs — and that customers return. Emerging Business Models.

B2B 105
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U.S. Faster Payments Council Releases Report on the Role of Directory Services in Instant Payments

Fintech Finance

. “Directory services can significantly improve the speed and security of instant payments by enabling interoperability between networks,” said Peter Tapling , Managing Director of PTap Advisory, LLC and FPC Directory Models Work Group Chair.

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Corporates Play Payment Rail Musical Chairs

PYMNTS

The coronavirus pandemic has some organizations playing payment rails musical chairs in their accounts payable (AP) departments as they adjust payment strategies (and methods) to suit their needs in a volatile, remote working environment. Just which payment rail they will migrate to, however, remains unclear.

NACHA 82
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SMBs Seek New Avenues To Cross-Border Payments

PYMNTS

In a conversation with PYMNTS, Nader discussed the role payments plays in helping (or hampering) a company’s global growth ambitions, and the value of an efficient global payments strategy on giving smaller companies a competitive edge that had once been out of reach. New Goals, Old Tech. Although the globalization of U.S.

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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

Louis, as its new payments strategy director. It’s a position that sees Sapenaro putting into action the words of the Fed’s Strategies for Improving the U.S. Two in particular, he said, are technology and payer habits. “It’s It’s a combination of both,” Sapenaro said.