ACH direct payments (ACH debits): Businesses use ACH direct payments to pull money from a customer's bank account. This is commonly used for recurring billing, subscription services, and B2B ...

The dollar value of these ACH payments totaled $21.6 trillion, a 7% increase. Same Day ACH exceeded 100 million payments in a month for the first time in April 2024, with 107.8 million.

Faster-payments networks are forming to take advantage of a perceived appetite among consumers and businesses to move money at a quicker pace, but one such service that has been available since 2016 ...

How ACH vs wire transfers work With an ACH transfer, you initiate a payment through your bank or payment processor, and the ACH network processes it in batches, usually once or twice a day ...

Ramp explains the Automated Clearing House network, including payments and how they work, who uses the network, and why it's an essential part of modern banking.