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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

ACH: Breaking Down the Differences All ACH transactions are considered EFTs, but not all EFTs are ACH. ACH has its own set of regulations and unique benefits. Understanding the difference helps you pick the best payment strategy. Wire transfers are processed within 24 hours to a few days.

ACH
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VP Of The ABA Shares Same Day ACH Perspective

PYMNTS

Same Day ACH has been a focus for banks since it was proposed in early 2014. Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept Same Day payments, with the option to originate them. Now, it’s coming to life. Starting on this date, all financial institutions in the U.S.

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Corcentric Joins The B2B Payments Game

PYMNTS

Matt Clark, COO at Corcentric, offered PYMNTS some insight into the challenge of supporting the demands of both buyer and supplier, a feat that can include disparities over which payment rail either side prefers. It’s unlikely that one payment technology will become so popular that it drives others into irrelevancy, he said.

B2B
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Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends

PYMNTS

Here are five fast facts that PYMNTS' study uncovered about demand for both a modern digital disbursements experience and the implications for businesses that do — and don’t — make them part of their payments strategy. Consumers might not recognize similar payment options as distinct from each other, like standard ACH and same-day ACH.

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When B2B Payments Innovation Is All Talk, No Action

PYMNTS

. “Toward the end of this year, we started to see more of a shift in investment toward the B2B side,” said Reetika Grewal, Silicon Valley Bank’s head of payments strategy and solutions. We’re seeing a lot of new company formation around the B2B payment space in a way we haven’t seen before.

B2B
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Third Parties Help Central Banks Ride RTP Rails

PYMNTS

The uptake of faster payment systems keeps going up — and up, and up. In fact, the number of Same Day ACH transactions rose by 192 percent in Q3 2018 over the same period from the previous year. The organization’s Faster Payments Playbook Project Team recently held its first in-person meeting.

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ACH Becoming The Mediator Between Conflicting AR, AP Needs

PYMNTS

For a single business, juggling delayed payments with a desire to digitize its own supplier payments may come into conflict. But according to Paybox’s Gilbert, there are some overall trends in how a company approaches its payments strategy.

ACH