ACH Payroll Processing & Fedwire Blog

ACH Payroll Processing & Fedwire Blog

  • 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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  • Cachet Financial Services Enjoys Rising Profile

    Cachet Financial Services Enjoys Rising Profile

    Date : Monday, August 28, 2017

    Fast-Growing ACH Firm Makes Google’s First Page of Results in Wake of Trademark Dispute

    Cachet Financial Services, a subsidiary of FGB Holdings, celebrated a recent jump in ranking to Google’s front page in the wake of a recent court case in which Cachet successfully defended its trademark.

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