: The person or business whose account is being credited or debited. 3. Types of ACH Transactions Transactions are generally categorized into two types:
: Money is "pulled" from the payer's account by the receiver (e.g., automatic monthly utility bill payments). 4. Key Security & Compliance Any paper on ACH should address the regulatory environment: ACH mayyazip
: The bank that receives the transaction and posts it to the recipient's account. : The person or business whose account is
To understand how a paper might cover this topic, you must focus on the primary entities involved: : Money is "pushed" from the payer's account
: The bank that receives the request from the Originator and transmits it to the ACH Operator.
: Money is "pushed" from the payer's account to the receiver (e.g., direct deposit paychecks or tax refunds).
