ACH Transfers
Understanding the Difference Between Positive Pay and ACH
Nowadays businesses have various tools and systems at their disposal to manage payments and prevent fraud. Check fraud is a significant issue, with businesses losing billions annually. According to the Association for Financial Professionals (AFP), 80% of organizations experienced actual or attempted check fraud in 2023. Two such tools to…
What is NACHA and Is Your Business Compliant?
In today’s digital era, where electronic transactions are integral to business operations, understanding and complying with the standards set by the National Automated Clearing House Association (NACHA) is vital. NACHA governs the thriving Automated Clearing House (ACH) Network, a cornerstone of the US financial system. This blog delves into what…
What is an ACH Transfer?
The Automated Clearing House (ACH) payment system has had a tremendous impact on the payment processing industry. The unique system transfers money between banks through the ACH network, which makes it convenient and cost-effective to send or receive money. Though there are some drawbacks to using ACH transfers, this method…