ACH vs EFT: What’s the Difference?

by Cheqly team | | ACH , EFT

Individuals and businesses in today’s fast-paced digital economy should understand the distinctions between ACH and EFT. While each is an actual electronic initiation of cash movement, how they operate and what they are used for distinguishes them. ACH is a specialized form of Electronic Funds Transfer whereby funds are moved in batches with an approximate … Continued

Top 10 Methods for Cutting Business Costs

by Cheqly team | | Cutting Business Costs

Minimizing business costs is critical in today’s economy, where even a difference of less than a few cents in income or expenditure can have a major effect on a company’s profitability. The best part is that achieving this does not require significant changes. For small businesses, profitability often comes from simple, clear strategies used in … Continued

8 Key Future Trends in Mobile Banking Apps for 2025

by Cheqly team | | Mobile Banking Trends

In response to the changing user base, which is mobile-driven, the banking and finance industries have also evolved along with the digital expansion in our daily lives. As a result, to maintain competitive advantages and cover a specific audience in the financial market, financial institutions and banks need to implement the development of custom banking … Continued

Top 10 KPIs for CFOs to Track Performance Effectively

by Cheqly team | | CFO KPIs

The duties of CFOs are changing continuously through the increasing demand for information-oriented decision making. Today’s modern CFOs are obliged to carry out tasks such as managing risk, planning for growth, and ensuring overall financial health apart from traditional accounting. Tracking the right Key Performance Indicators (KPIs) is critical in getting your business on the … Continued

What is an ACH Withdrawal & How Does It Function?

by Cheqly team | | ACH Withdrawal

Sending and receiving money is now easier than it has ever been! Pay systems are flexible and allow both the business and the customers to decide which payment formats suit them best since there are so many options available. ACH withdrawal is where the party so charged withdraws the money from the paying party’s account … Continued

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