Skip to content
A direct relationship with an Originating Depository Financial Institution (ODFI) for high-volume ACH (Automated Clearing House) payment processing provides a number of advantages—especially for businesses and organizations that send a lot of ACH payments. Here are the main ones: 1. Cost Savings Reduced Processing Fees: Obtaining a direct ODFI relationship usually does away with the […]
Canada’s financial system is structured around the Electronic Funds Transfer (EFT). This program allows for seamless movement of electronic money—business or personal—between banks without requiring negotiable instruments (that is, checks or cash). The majority of people, and an overwhelming number of businesses, operation perfectly well within the EFT system. Let’s take a look at these […]
How Canadian EFT Can Help High-Risk MerchantsPayment processing can be a serious problem for merchants in high-risk industries, least of all being the Cannabis sppace. They tend to be seen by banks and processor partners as not worth the trouble—too risky, for too many reasons, to actually be the kind of clients one wants. Yet, […]
