Among them: allowing recurring payments under the TEL ... NACHA says a revised TEL rule could make the ACH more attractive to billers now using RCCs, and in general shine some light on demand drafts. ...

Through the ACH system, funds are moved quickly from ... bills can then authorize the process and begin regular bank drafts to pay recurring bills. The account holder who authorizes the automatic ...

ACH debit transfers involve money getting “pulled” from an account. When you set up a recurring bill payment, for example, the company you’re paying can pull what it’s owed from your ...

For example, you can provide your bank information to your mortgage lender or servicer, and your account can be debited for a recurring amount on the same day of each month. ACH transactions take ...

ACH transfers are often used to send money for recurring monthly bills and automatic payments. Remittance payments—money sent to relatives or people in other countries—are often made through ...

ACH payments are widely used by businesses and consumers for one-time and recurring payments. ACH payments are relatively safe, but fraud happens. Prevention efforts include monitoring bank ...

The ACH currently accounts for most recurring bill payments, but some observers see advantages for billers in using PIN-less debit, which lets consumers make payments online with their PIN debit cards ...

Visa believes that the demise of the honor-all-cards rule could boost acceptance of offline debit cards among utilities looking to replace paper with recurring electronic payments. But utilities still ...