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How does EFT/ EDI work?

April 26, 2017EDI EFT

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How does EFT/ EDI work?

1 Answer

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Posted

Your company transmits payment and remittance information to your bank, which then originates the ACH entries to transfer the payment and remittance information through the ACH network to the bank used by the NC CSCC to collect the funds. Once received, the bank deposits the funds and provides the remittance information (EDI) associated with those payments to the NC CSCC for posting.