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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  • ACH Payroll Processing for Less Stress in 2018

    ACH Payroll Processing for Less Stress in 2018

    Date : Monday, January 15, 2018

    Very few jobs come with as high expectations for reliability as the job of the payroll provider. When it comes to getting people – and taxes – paid accurately, securely and on time, there's little room for error. ..


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  • What Is Same Day ACH Payroll Processing?

    What Is Same Day ACH Payroll Processing?

    Date : Monday, December 18, 2017

    As of September 2017, NACHA implemented Phase 2 for same day ACH payment processing so that payroll direct deposits and other forms of ACH payments (debits) can be made earlier than "next business day." ..


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  • Payroll Provider Due Diligence Best Practices

    Payroll Provider Due Diligence Best Practices

    Date : Wednesday, March 22, 2017

    Considering how competitive the market is for bringing on new clients, it can be easy for payroll providers to lose sight of the risks. Those who are not careful with risky new clients can get stuck with NSFs, get in the crosshairs of the FBI, or even go bankrupt. ..


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