When money moves electronically between banks and credit unions, it could be zipping along thanks to a process known as an ACH transfer. The Automated Clearing House network plays a critical role in ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...

The Check 21 law created the substitute check, or image-replacement document. After six years and a brief boom, IRDs are on their way to the payments dustbin, just as Check 21’s backers intended. What ...

eChecks and ACH are so similar that the two terms are often used interchangeably. That’s because both eChecks (electronic check processing) and ACH (Automated Clearing House) move funds from one bank ...

Growth rates in electronic check transactions at the point of sale are slowing down. While many opportunities remain, the rapidly changing market's future is anything but certain. For a brief shining ...

What Is an Electronic Check? An electronic check, also known as an e-check, is a digital form of a traditional paper check. It is an electronic payment method that allows funds to be withdrawn ...

The automated clearing house network is maturing, bringing slower growth rates and probably slowing fee revenue. Payments executives say businesses are trying to reduce their costs by shifting more ...

Digital payments have become the norm in our modern economy. While paper-based payment methods, such as cash and checks, are still widely accepted, the electronic movement of money is usually a more ...

A quiet but profound shift is underway in the U.S. payments system. In March 2025, the White House issued a mandate: by the end of FY2025, virtually all federal government payments — including tax ...