Automated Clearing House (ACH) is a payment network that facilitates financial transactions between banks. The NACHA, formerly known as the National Automated Clearing House Association, manages all of the electronic fund transfers that are made in the United States.
Details
After six years, the big banks have finally debuted “Zelle,” their competitor to Venmo that works inside the apps of participating banks. Zelle is meant for casual person-to-person payments, like paying someone back for dinner or splitting a utility bill. All you need to send money to someone is their email address or phone number. If this sounds like Venmo, that’s because it is very similar in functionality.
Details
NACHA—The Electronic Payments Association®, the steward of the ACH Network, has announced the launch of Same Day ACH for debit payments. Same Day ACH is a faster payments option that reaches all U.S. bank accounts and enables businesses and consumers to send and receive payments and payment-related information on the same day through the ACH Network.
Details
The Single European Payments Area (SEPA) has revolutionized the world of the European payments market and made the entire process much smoother and less risk-oriented. The transfer of payments can be an extremely challenging task at times, especially if there are a lot of currencies involved.
Details