Cash concentration and disbursement (CCD) is a type of electronic transfer, often used to transfer funds among remote locations and so-called concentration (i.e. collection) accounts.

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 ...

ACH transfers are a type of electronic funds transfer made using the Federal Reserve’s money transfer system. To send or receive an ACH transfer, you should know how the Federal Reserve and your ...

On January 10, 2025, the Consumer Financial Protection Bureau (CFPB) issued a proposed interpretative rule that would extend the consumer protections of the Electronic Funds Transfer Act (EFTA) to ...

Key Takeaways. Direct deposit is a type of electronic money transfer that automatically sends funds from a payer to your bank account. You can set up direct deposit with an employer or government ...

XE Money Transfer can be used to transfer funds to over 130 countries. You cannot pay for your transfer by cash, cheques and bank drafts, but you can use your bank account to direct debit or wire ...

Bahrain’s BENEFIT, a leader in electronic financial transactions, has upgraded its entire Electronic Funds Transfer System (EFTS) with an investment of BD1.6 million ($4.2million) to meet the demand ...