ACH Payroll Processing & Fedwire Blog

ACH Payroll Processing & Fedwire Blog

  • Why CPAs Should Offer Payroll Services & Direct Deposit

    Why CPAs Should Offer Payroll Services & Direct Deposit

    Date : Friday, August 31, 2018

    As many CPAs and accounting firms discovered the hard way during the Great Recession, those that were the "stickiest" retained the most clients - they offered so much value, their clients were stuck to them and didn't switch to a lower cost option. ..


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  • What Is a Drawdown Reverse Wire?

    What Is a Drawdown Reverse Wire?

    Date : Monday, August 20, 2018

    A lesser-known wire transfer type is known as the "drawdown reverse wire," which is the opposite of a direct wire. Also known as Fedwire drawdowns, drawdown requests, drawdown wires, or simply drawdowns – NACHA tends to prefer "drawdown" over "reverse wire" – this type of wire transfer is unique because it's initiated by the receiver instead of the sender. Of course, the sender needs to authorize the receiver to do so with their bank, but the receiver only needs to do this once. ..


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