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Payments Help Desk

The Elevation Blog

B2B ACH Credits to Surpass Checks by 2020 - New Survey

Posted by Robert Unger on Jun 13, 2017 7:04:17 PM

NACHA and the Credit Research Foundation recently conducted a study of payments trends, preferences, and perceptions of electronic payments by credit and receivables professionals. NACHA's Rob Unger sat down with Matt Skudera, VP of Education and Research for the Foundation, to get his views on some of the most interesting finds from the survey.  You'll be surprised! Learn more by listening to the recording of the Webinar covering the same topic.

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Topics: ACH, Receivables, cash flow, Credit Research Foundation, Checks, B2B, Electronic Payments

Call it EFT or ACH or EDI – But They’re Different and It Matters

Posted by Robert Unger on May 22, 2017 7:23:03 PM

What is the difference between EFT, ACH and EDI? 

We here at NACHA-The Electronic Payments Association often get asked this question from business financial teams - even from seasoned financial pros.

The quick answer is that all ACH (Automated Clearing House) payments are EFTs (Electronic Funds Transfers), but not all EFT payments are ACH.  And EDI (Electronic Data Interchange) is not a payment.

 

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Topics: EFT, Electronic Funds Transfer, ACH, Automated Clearing House, Business, EDI, Regulation E, Electronic Data Interchange, Financial Professionals

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