Remove Process Remove Wire Remove Wire Transfer
article thumbnail

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. To choose the right payment method, consider transaction volume, transfer speed, cost, and security.

ACH
article thumbnail

MAS Fines Five Payment Firms S$960,000 Over AML/CFT Control Failures

Fintech News

Remsea received the largest fine of S$280,000 for breaches between August 2020 and August 2023, including failing to obtain customer residential addresses, check for beneficial ownership, verify representatives’ authority, and include required information in cross-border wire transfers.

AML
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Higher Limits Power B2B Real-Time Payment Volumes

Trade Credit & Liquidity Management

real-time payments processed for corporate clients. The increased limit enables instant payments to suppliers, contractors, and vendors, improving inventory management, cash flow, supply chain efficiency, and payment processes. Rival network FedNow raised its own limit from $500,000 to $1 million on June 24, 2025.

article thumbnail

Thunes Launches New Global Business Payments Service

Fintech News

Businesses can also process US dollar wire transfers to more than 170 countries and make payments in over 30 currencies, including USD, EUR, and CNY. The new solution provides access to local Automated Clearing House (ACH) systems in over 50 countries.

article thumbnail

Lili Launches International Payments

Fintech Finance

Lili , the financial platform designed for small business owners, today announced the launch of international wire payments in 27 countries, empowering small business owners to grow beyond borders. According to FXC Intelligence, the cross-border payments industry reached a market size of $190.1

article thumbnail

The Top Payment Methods For Small Businesses

Stax

You will need POS terminals to accept and process in-person card payments. Your payment processing company will also charge processing fees on each transaction which can negatively impact your earnings unless the expense is passed onto customers.

article thumbnail

TCB Pay Expands to ACH Payments: The Flexible Alternative to Credit Cards

Fintech Finance

ACH: The Ideal Alternative to Credit Card Payments At TCB Pay, our ACH processing solution provides a versatile alternative for businesses that either choose not to or are unable to accept credit card payments.

ACH