Exploring a Common Payment Scenario
Imagine a Tuesday afternoon at 2 p.m. A reputable law firm based in the Midwest realizes it must urgently send $80,000 to a private investigator who plays a key role in its active cases. The firm has a long-standing relationship with the investigator, and any delay in payment could slow down important casework, putting clients and legal outcomes at risk.
The firm’s accounts payable department considers its options. The most familiar choice is the automated clearing house network, a system the firm regularly uses to issue payroll and vendor payments. However, as they evaluate the urgency of the transaction, they begin to question whether ACH will meet their needs.
This real-time scenario demonstrates the need for flexibility and awareness in financial operations. The choice between ACH and other forms of electronic funds transfer isn’t always straightforward.
Understanding ACH Payments in Business
Automated clearing house payments are one of the oldest and most widely used forms of electronic financial transactions in the United States. The ACH system enables the electronic transfer of funds between banks and is the go-to option for millions of businesses.
According to industry data, ACH usage is growing steadily. In the third quarter of 2020 alone, more than 6.8 billion ACH transactions were processed. This marked a nine percent increase over the same period the year before, signaling growing confidence in the system.
ACH transactions are most often used for direct deposits of employee paychecks and scheduled payments to vendors. Businesses prefer this method because it is inexpensive, automated, and easy to track. Approximately 90 percent of American employees receive their wages through direct deposit, most commonly via ACH.
Benefits of Using ACH for Business Payments
The appeal of ACH lies in its simplicity and low cost. Fees are minimal, typically ranging from just a few cents to around a dollar per transaction. This makes it highly scalable for businesses managing frequent payments.
Another major benefit is reliability. ACH payments are known for their consistency. Once a transaction is initiated and processed, funds typically reach the recipient’s account within three to five business days. Businesses can plan around this window and manage their accounts accordingly.
ACH is especially effective for routine, low-risk payments. It’s ideal for payroll, utility bills, supplier payments, and recurring charges where the exact timing of the transaction is not critically urgent.
Challenges and Limitations of ACH
Despite its strengths, ACH is not always the right tool for every payment scenario. One of the most notable drawbacks is the delay in fund delivery. Even with improvements in processing speeds, ACH can still take several days to settle.
Another consideration is transaction limits. Many financial institutions impose daily caps on ACH transactions. For example, Citibank may restrict daily transfers to $2,000, while Chase may allow up to $25,000. These caps can become a barrier for high-dollar payments.
Furthermore, while same-day ACH exists, it has strict timing requirements. The cutoff time for initiating same-day transactions is typically 1:45 p.m. Eastern Time. If a payment is initiated even a minute after that, it defaults to standard ACH timing.
In our law firm scenario, this proved to be a critical issue. The need to transfer $80,000 was far above the daily limits imposed by most banks for ACH payments. More importantly, the request came in after the cutoff for same-day processing. Clearly, a faster alternative was needed.
Role of EFT in Urgent Business Transactions
Electronic funds transfer is a broad term encompassing various digital methods of moving money between accounts. These include debit and credit card payments, online banking transfers, and wire transfers.
In business contexts, EFT often refers to high-priority, high-value transactions that fall outside the scope of traditional ACH. Wire transfers are among the most commonly used EFT methods for urgent payments.
Unlike ACH, wire transfers are processed directly between financial institutions. This direct line of communication means transactions can be completed within a single business day, and in some cases, within hours. This speed is invaluable when timing is critical.
Advantages of Wire Transfers as an EFT Option
Wire transfers offer several distinct advantages that make them ideal for certain business use cases. First and foremost is their speed. Because they bypass the batch processing of the ACH system, funds can be deposited into a recipient’s account the same day the transfer is initiated.
This immediacy makes wire transfers indispensable for businesses needing to send large amounts of money on short notice. Wire transfers are also considered more secure for high-dollar payments. Banks typically require additional verification and authorization for these transactions, reducing the risk of fraud.
The scale of wire transfers is impressive. In November 2020, the Fedwire Funds Service reported that the average value per wire transfer exceeded $4 million. Although this type of EFT is less common than ACH in terms of volume, it moves a significantly larger share of total funds.
Cost Factor in Choosing EFT Over ACH
With these benefits comes a higher cost. Wire transfers are substantially more expensive than ACH payments. Businesses can expect to pay between $25 and $30 for domestic wire transfers and as much as $50 for international ones.
This price tag means that wire transfers are not suitable for routine or small-value payments. Their use is typically reserved for situations where the speed and reliability of delivery justify the expense.
In the case of the law firm, the urgency and amount involved made the choice clear. The firm opted to initiate a wire transfer. The investigator received her payment within two hours, ensuring that her work on the firm’s cases continued without delay.
Strategic Payment Decision-Making
This example demonstrates the importance of matching the payment method to the business context. For regular, predictable payments, ACH is a cost-effective and reliable solution. For time-sensitive or high-value payments, wire transfers provide speed and assurance at a higher price.
Businesses must weigh factors such as the amount of money being transferred, the deadline for delivery, and the preferences of the payee. Having the flexibility to choose between payment types can be a significant competitive advantage. As payment ecosystems continue to evolve, financial decision-makers must equip themselves with the tools and knowledge needed to make these decisions quickly and accurately.
Impact of Payment Methods on Vendor Relationships
Choosing between electronic funds transfer and automated clearing house methods can influence the strength of a company’s relationships with its vendors. When businesses are able to reliably pay vendors on time, they build credibility, trust, and long-term partnerships. However, payment delays due to slow processing or payment limits can strain these relationships and impact ongoing operations.
ACH payments, being widely accepted and relatively inexpensive, serve as an excellent method for routine vendor payments. For vendors who value consistency over speed, ACH is ideal. Many vendors are set up to accept ACH payments for recurring invoices, such as monthly services or product deliveries. Because the system is automated and requires minimal manual intervention, it minimizes the possibility of human error.
On the other hand, wire transfers—one of the most prominent forms of EFT—offer the advantage of rapid processing. Vendors in need of urgent payment, especially for large orders or high-value services, benefit from the immediacy of EFT. The trade-off, however, is the higher transaction fee. For businesses working with international vendors, EFT payments also support cross-border transactions more effectively, often being the only viable solution.
Security Considerations in ACH and EFT Transactions
Security is a top priority in the financial world, and both ACH and EFT transactions incorporate measures to prevent fraud and protect sensitive data. Nevertheless, the structure and technology behind each system present distinct risk profiles.
ACH transactions pass through the National Automated Clearing House Network, a centralized system that ensures consistent processing. This network employs encryption and fraud detection technologies. However, due to its batch-processing nature, fraudulent ACH transactions might take longer to detect, especially if regular monitoring is not in place.
EFT methods like wire transfers are generally initiated and processed faster, but once initiated, they are almost impossible to reverse. This means that wire transfers require a higher degree of caution before approval. Businesses must establish strong internal controls to verify the legitimacy of EFT requests. Procedures such as dual authentication, secure communication channels, and verified vendor contact methods are essential.
When implementing either method, companies must train employees in financial security practices and leverage software solutions that flag irregularities. The use of role-based access and audit trails further increases accountability and reduces exposure to risks.
Cost Implications of EFT and ACH for Businesses
Budget-conscious businesses always examine the costs associated with operational processes, and payment methods are no exception. ACH and EFT each have cost structures that influence their appeal depending on the business scenario.
ACH payments typically cost between $0.20 and $1.50 per transaction. This makes them extremely cost-effective for high-volume, low-value transactions such as payroll, subscriptions, and routine vendor payments. Over time, using ACH can result in significant savings compared to checks, which involve postage, printing, and manual labor costs.
EFT payments, particularly wire transfers, are more expensive. Domestic wire transfers range from $25 to $30, while international ones can cost between $45 and $50. For businesses that rely heavily on high-value or international transactions, these fees add up quickly. That said, the speed and reliability of wire transfers often justify the cost for urgent or high-stakes payments.
Ultimately, the decision should balance urgency, transaction value, and frequency. For example, sending $80,000 to a service provider with an immediate need is a justifiable instance to use a wire transfer. For weekly payments of $5,000 to vendors on a predictable schedule, ACH would make more financial sense.
Legal and Regulatory Considerations
Understanding the legal and regulatory framework behind payment methods is essential for compliance and risk management. Both ACH and EFT are governed by different regulations that affect how they can be used in business.
ACH transactions are regulated by the NACHA Operating Rules, which ensure that participants follow consistent processes. Businesses using ACH must stay informed about rule changes, especially those related to authorization requirements, transaction limits, and processing timelines. These rules aim to protect all parties involved and maintain the efficiency and trustworthiness of the ACH Network.
Wire transfers and other forms of EFT are regulated under various frameworks, including the Uniform Commercial Code Article 4A for domestic transactions and the Electronic Fund Transfer Act (EFTA) for consumer-based electronic transfers. Additionally, businesses dealing with international wire transfers must comply with regulations from the Office of Foreign Assets Control (OFAC) and the Bank Secrecy Act (BSA), especially when dealing with sanctioned countries or large-value transfers.
Regulatory non-compliance can result in hefty fines, legal repercussions, and reputational damage. Therefore, businesses must consult legal experts or compliance officers when setting up or modifying payment systems, particularly when dealing with cross-border transactions or high-risk industries.
Technological Infrastructure and Integration Needs
The ability to process payments efficiently depends heavily on a company’s technological infrastructure. ACH and EFT systems must integrate seamlessly with accounting platforms, enterprise resource planning (ERP) systems, and customer relationship management (CRM) tools.
Most modern accounting systems come with ACH functionality pre-installed or allow for easy integration with third-party payment providers. Businesses benefit from automatic scheduling, reconciliation, and ledger updating. Additionally, ACH payments can be automated to handle high volumes without much manual input.
Wire transfers, being more manual in nature, often require more robust controls. Some businesses use secure banking portals or specialized treasury management systems to handle EFT payments. These systems must support real-time transaction monitoring, multi-user approval flows, and compliance checks. While more complex, these setups enable businesses to manage high-value transactions securely.
For growing companies, scalability is another consideration. As the business grows, its payment volume and complexity increase. A scalable payment infrastructure must support both ACH and EFT while minimizing friction, errors, and processing delays.
International Transactions and Global Business Needs
Operating globally presents additional payment challenges, particularly in dealing with currency exchange, foreign banks, and international compliance requirements. EFT options, particularly international wire transfers, are often more suitable for global operations.
While ACH is a domestic network in the United States, its reach does not extend globally. Therefore, for businesses transacting with partners, vendors, or clients overseas, ACH cannot serve their needs. EFT methods support international payments through the SWIFT network and other global financial messaging systems.
Currency exchange rates and fees must be factored in. Some banks offer more competitive rates for international transfers, while others add service fees that significantly increase the total cost. Timeliness is another factor—EFT payments abroad can take anywhere from a few hours to a few business days, depending on the destination country, banking relationships, and intermediary banks.
Companies conducting frequent international transactions must adopt financial tools that support multiple currencies, automate conversions, and ensure transparent reporting. This helps mitigate risks such as currency fluctuation losses and reconciliation errors.
Business Continuity and Risk Management
A comprehensive risk management strategy includes contingency plans for payment processing. Businesses must consider what happens if their primary payment method becomes unavailable due to system outages, security incidents, or regulatory changes.
ACH systems rely on centralized networks, which means any disruption at the national level could affect multiple transactions. While rare, outages due to maintenance, cyberattacks, or system failures can delay payments and affect cash flow. Having a backup method like EFT ensures that mission-critical payments can still be processed.
Wire transfers, due to their reliance on bank-specific systems, may also be susceptible to internal errors or cyber threats. Because of their irreversibility, any fraudulent or incorrect wire must be prevented before initiation. Risk management protocols must include safeguards such as payment validation, multi-tiered approvals, and role segregation.
Documenting a business continuity plan for payment systems ensures that employees understand protocols during emergencies. This includes alternate approval hierarchies, emergency fund reserves, and pre-approved vendor lists to streamline urgent payments.
Payment Timing and Working Capital Optimization
Managing the timing of outgoing payments is critical for working capital optimization. Businesses must align payment cycles with incoming cash flows to avoid liquidity issues and make the most of available capital.
ACH payments are usually scheduled in batches and can take several days to clear. This provides a predictable outflow pattern, allowing businesses to plan their cash reserves accordingly. The delay also gives a temporary float, during which funds remain in the payer’s account before they are debited. For predictable transactions, this delay can be beneficial.
In contrast, EFT payments like wire transfers happen rapidly. While this ensures immediate fund delivery, it also reduces the time businesses have to prepare for the outflow. Using wire transfers too frequently can tighten cash positions, particularly if the inflows are not synchronized.
Understanding payment behavior and mapping payment methods to vendor agreements is key to optimizing working capital. Businesses that strategically balance ACH for predictable, low-risk payments and EFT for urgent, high-value ones often maintain healthier cash positions.
Vendor Onboarding and Payment Preferences
Successfully onboarding new vendors includes determining their preferred payment methods and aligning internal processes to accommodate those preferences. Vendors may have legitimate reasons to favor one payment method over another, based on their own cash flow needs and banking arrangements.
ACH is often preferred by vendors who appreciate the simplicity, automation, and cost savings it offers. To facilitate ACH payments, vendors typically provide banking details during onboarding, such as account and routing numbers. Ensuring secure storage and use of this information is critical.
Some vendors may request wire transfers, particularly for high-value projects or international engagements. Wire transfers offer the assurance of fast payment, which can be crucial for maintaining operational continuity.
Vendor onboarding processes should collect all necessary payment information and include a verification step to ensure accuracy. Communicating payment schedules, expected processing times, and possible fees upfront also helps avoid confusion or disputes later.
Internal Controls and Approval Workflows
Effective internal controls are the backbone of secure and compliant payment systems. Whether using ACH or EFT, businesses must design and enforce policies that govern how payments are initiated, reviewed, and approved.
For ACH transactions, batch processing allows for a streamlined approval process. Businesses can group similar payments together and submit them after managerial review. However, controls must still verify the legitimacy of payees and the accuracy of amounts.
Wire transfers demand stricter oversight due to their speed and cost. Most businesses implement multi-level approvals, requiring two or more personnel to authorize the payment. These approvals are often tiered based on transaction size, vendor profile, or risk level.
Segregation of duties ensures that no single employee can complete an entire payment cycle alone. This reduces fraud risk and increases accountability. Audit logs and transaction histories also provide transparency and support compliance audits. Businesses must periodically review and update their internal controls to match evolving threats, regulatory changes, and organizational growth.
Evolving Role of AP Departments in the Digital Economy
Accounts payable departments have undergone a transformative shift in recent years. Traditional paper-based processes that once dominated business transactions have gradually given way to digital systems, driven by the demands for greater speed, security, and efficiency. As businesses expand and diversify their vendor networks, AP teams are being asked to do more with fewer resources.
This environment places an increasing emphasis on adopting electronic payment methods such as EFT and ACH. When embedded into robust AP automation systems, these digital payment tools can streamline operations, reduce costs, and eliminate the risk of manual errors. Understanding how these methods fit into a larger strategic framework is essential to driving long-term value for a business.
Building a Payment Strategy Around Business Objectives
A successful payment strategy aligns with broader company goals such as reducing overhead, strengthening supplier relationships, and ensuring timely delivery of goods and services. Businesses must take into account the diverse needs of stakeholders—including finance, procurement, and vendor management teams—when selecting between EFT and ACH for any given transaction.
The right payment method is not merely a technical choice but a strategic one. For instance, if a company is operating with tight cash flow and needs to manage its working capital closely, ACH might provide the benefit of controlled release of funds. Alternatively, a business operating in time-sensitive industries like healthcare or legal services may find EFTs more appropriate for ensuring crucial service delivery.
How Real-Time Data Improves Payment Decisions
One of the most powerful features of modern AP automation platforms is their ability to provide real-time visibility into a company’s financial status. Access to up-to-date cash flow reports, outstanding invoices, and vendor credit terms enables finance professionals to make smarter payment decisions.
Real-time data allows for dynamic payment scheduling. Businesses can take advantage of early payment discounts from vendors or defer payments to align with revenue cycles. They can also better manage foreign currency exchange risks by timing international EFTs more strategically. The ability to customize payment timing and method based on current data significantly reduces operational friction.
Centralizing Payment Management Through a Single Dashboard
A unified payment dashboard empowers AP teams to manage all vendor payments, whether ACH or EFT, from a single point of control. This centralization eliminates the confusion and inefficiencies associated with toggling between multiple banking platforms or accounting software tools.
With all transactions flowing through one interface, finance leaders can oversee each stage of the payment lifecycle, from invoice approval to payment confirmation. This level of oversight enhances accountability, reduces delays, and ensures that payment methods are being used in the most effective way based on the unique needs of each transaction.
Case Example: Coordinating High-Volume Vendor Payments with ACH
Consider a large-scale manufacturing company that regularly processes hundreds of vendor payments every month. Many of these payments are recurring and fall within a consistent dollar range. In such cases, ACH becomes a highly valuable tool.
By scheduling recurring ACH payments based on standardized invoice templates and vendor contract terms, the company ensures that its suppliers are paid on time, every time. This approach frees up valuable AP staff from manual data entry and reduces the risk of late payment penalties or strained vendor relationships.
Furthermore, ACH’s lower transaction fees allow the company to preserve more of its cash reserves while maintaining a steady outflow of payments. The automation system can also flag anomalies, such as duplicate invoice submissions or invoice amounts that exceed contract thresholds, ensuring that only valid payments are processed.
Case Example: Handling Time-Sensitive Disbursements with EFT
Now contrast the manufacturing example with a global consulting firm that routinely sends high-dollar payments to contractors, legal experts, and consultants across different time zones. Speed is of the essence, and payment security cannot be compromised.
In these instances, EFTs—especially wire transfers—become the preferred option. Though more expensive, the ability to execute same-day payments can make the difference between maintaining or losing high-value consultants. Automation platforms allow the firm to pre-approve and configure these payments for immediate release upon milestone completion or contract fulfillment.
EFT also offers strong traceability, with detailed records of each payment’s status from initiation to confirmation. This enhances both internal auditing and external reporting processes. In industries where project success hinges on rapid collaboration, EFT provides the necessary financial agility.
Customizing Payment Preferences by Vendor Type
Vendors are not monolithic. A single business might work with a wide range of partners—from freelance designers and contract manufacturers to multinational logistics firms. Each type of vendor has different expectations and payment preferences.
Modern AP systems allow businesses to create vendor profiles that include preferred payment methods, timing, and bank account details. The system can then automatically route payments through the most appropriate channel. For example, freelance vendors may prefer ACH payments to minimize fees and simplify bank reconciliation, while international suppliers may opt for EFTs to receive funds in their local currency.
This level of customization not only improves vendor satisfaction but also reduces the time spent resolving payment disputes or resending failed transfers. It helps companies build long-term trust and operational continuity with their supply chain partners.
Managing Compliance and Security Risks
Both ACH and EFT are subject to compliance requirements set by regulatory authorities, such as the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN). Businesses must ensure that they are not sending payments to sanctioned entities or violating anti-money laundering rules.
Automated payment platforms include built-in compliance checks that flag high-risk transactions before they are processed. These checks help companies remain compliant without adding manual steps to their workflow. Additional security features like multi-factor authentication, encryption, and approval hierarchies further protect sensitive financial data.
Cybersecurity threats also continue to grow. Payment fraud, including email phishing and business email compromise, can have devastating financial consequences. Automated solutions help mitigate these risks by requiring dual authorization for high-value transactions, validating recipient banking details, and monitoring for suspicious activity patterns.
Reducing Operational Costs and Increasing Scalability
A key benefit of using automation to manage ACH and EFT payments is the significant cost savings. Manual processing is not only time-consuming but also more prone to error. When AP staff must review invoices, write checks, track payments, and reconcile accounts manually, the costs add up quickly.
Automated payment systems dramatically reduce the need for manual intervention. ACH payments can be processed for a fraction of the cost of mailing a check, and EFTs can be executed without the need to visit a bank or engage in lengthy approval cycles. These efficiencies allow AP teams to scale their operations without a proportional increase in headcount.
Scalability is particularly crucial for growing businesses. As transaction volume increases, automation ensures that payment processing remains consistent, accurate, and timely. Businesses can onboard new vendors faster, maintain higher levels of service, and adapt to changing market demands.
Supporting Strategic Financial Planning
By integrating EFT and ACH payments into broader financial planning tools, companies gain deeper insights into their cash flow, liabilities, and payment trends. Automation platforms can generate reports that break down spending by category, department, or vendor. These insights enable finance leaders to identify opportunities for cost reduction, renegotiate payment terms, or reallocate budget resources.
Predictive analytics can also forecast future payment needs based on historical data and upcoming commitments. This allows businesses to manage liquidity more effectively and avoid last-minute cash shortfalls. Long-term strategic planning becomes more data-driven and actionable.
Streamlining Year-End Reporting and Audits
For many businesses, year-end reporting and financial audits are time-consuming and stressful. Manually compiling payment records, validating transaction histories, and resolving discrepancies can take weeks.
Automated systems simplify this process by maintaining a digital audit trail for each transaction. Every payment—whether via ACH or EFT—includes metadata such as approval timestamps, invoice numbers, and confirmation receipts. Reports can be generated in just a few clicks, ensuring compliance with internal controls and external regulations.
Auditors benefit from having structured, easily accessible documentation, which can accelerate the audit process and reduce associated costs. AP teams also experience less disruption and can focus on value-adding activities rather than administrative tasks.
Real-Time Collaboration Across Departments
In a well-integrated AP environment, collaboration between departments becomes seamless. Procurement teams can upload purchase orders directly into the payment platform, while legal and compliance teams can access relevant documentation without requesting it from AP. Finance can monitor all outgoing payments in real-time and coordinate with the treasury to manage working capital.
This collaborative model not only eliminates information silos but also increases transparency and accountability. Any department can access the status of a payment, understand why a delay has occurred, and take appropriate action. This level of coordination enhances overall operational performance and improves internal stakeholder satisfaction.
Elevating the Vendor Experience
Vendor experience is an often-overlooked aspect of payment strategy. Delayed or incorrect payments can damage trust, slow down projects, and lead to contract disputes. An efficient, transparent, and customizable payment system reassures vendors that their time and services are valued.
Providing vendors with a self-service portal to track invoice status, confirm receipt of funds, or update banking information further improves engagement. By investing in these tools, businesses can position themselves as preferred partners, strengthening supply chain resilience and flexibility.
Planning for the Future of B2B Payments
As digital transformation accelerates, new payment technologies and standards will continue to emerge. From instant payments and blockchain-based transfers to cross-border payment innovations, the financial landscape is evolving rapidly.
Staying ahead of these changes requires a proactive approach. Businesses must not only evaluate current payment options like EFT and ACH but also invest in scalable platforms that can accommodate future innovations. This forward-thinking mindset ensures long-term competitiveness and prepares the organization for whatever challenges or opportunities arise.
Conclusion
In the modern financial landscape, businesses are faced with a growing range of payment options that demand careful consideration. Understanding the distinctions between electronic funds transfer (EFT) and automated clearing house (ACH) payments is essential to making informed financial decisions that align with operational goals, vendor relationships, and regulatory expectations.
Across this series, we explored the nuances of both EFT and ACH systems, highlighting their operational differences, advantages, limitations, and strategic use cases. Through real-world-inspired scenarios—such as the urgent payment needs of a law firm—we illustrated the practical challenges that businesses face when selecting the most appropriate payment channel.
ACH payments have become a cornerstone of business-to-business transactions and payroll operations due to their low cost, high reliability, and broad acceptance. They are best suited for routine, recurring payments that do not require immediate processing. Their growth over recent years is a testament to their role in enhancing operational efficiency and reducing manual processing.
EFT payments, particularly wire transfers, on the other hand, offer speed and security for high-value or time-sensitive transactions. While they come with a higher fee structure, they are indispensable in scenarios where delays could result in missed opportunities or operational disruptions. EFTs bypass the slower processing times associated with the ACH network, making them an essential option in urgent payment scenarios.
Moreover, automation has emerged as a transformative tool in simplifying these complex payment workflows. With accounts payable automation solutions, businesses can seamlessly navigate between ACH, EFT, and other digital payment methods, ensuring that every payment decision is optimized based on urgency, cost, vendor requirements, and internal policy. These systems provide real-time visibility, enhance security, improve compliance, and reduce the risks of human error, all while supporting scalable growth.
The takeaway from this series is clear: the choice between EFT and ACH should never be arbitrary. Businesses must develop a flexible, strategy-oriented payment framework that can respond to changing circumstances. This means leveraging the strengths of each method, understanding when speed trumps cost, and deploying automation tools that facilitate intelligent decision-making.
By building payment systems that are both agile and compliant, businesses can maintain stronger vendor relationships, optimize their cash flow, and remain resilient in a financial environment where timing, security, and accuracy are more critical than ever.
As the digital economy continues to evolve, so too must the approach to business payments. With a clear understanding of EFT and ACH mechanisms, and the right automation support, companies can confidently manage their financial transactions and position themselves for long-term operational success.
