![]() ACH facilitates direct bank-to-bank payments. ![]() In order to understand what type of payments ACH supports, we must first understand how it operates. ACH Payment Processing Meaning in Banking ACH is only specific to bank account transfers. For example, debit and credit card payments are electronic, but this does not mean that they are ACH transactions. It is vital to understand that not all electronic payments are ACH payments. The ACH transactions are not the same as debit card payments, eChecks, or wire transfers.
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