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

What is ACH Fraud? What Measures can be Taken to Safeguard your Business?

by Cheqly team | | ACH

ACH (Automated Clearing House) is an affordable and widely used payment method with low risk. However, less risk does not equate to no risk, as many companies are discovering that their responsibility rises as ACH payment usage rises. Determining the nature and mechanism of ACH fraud is the first step towards mitigating its risk. The … Continued

What is Business to Business ACH and How Does it Work?

by Cheqly team | | ACH , B2B

The Automated Clearing House Network (ACH) facilitates the electronic transfer of money from one business to another. Businesses can use ACH to make and request payments for services. Compared to more traditional payment methods, it is seen as a superior and simpler approach for service payment. Further, let’s understand more about ACH Payments and how … Continued

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