Understanding

ACH Payments

ACH payments are electronic payments that are made directly from consumers’ bank accounts to the payee’s bank account, through the ACH (Automated Clearing House) network. Made automatically once the account holder authorizes payment (usually by signing a form giving their checking account details), these are some examples of ACH payments:

B2B payments between businesses and their suppliers
Regular automatic payments to service providers, for example, insurance or energy bills
Direct deposit of wages from employer
Moving funds from one bank to another

Find out how Rapyd is reinventing ACH payments.

Rapyd is a trading name of CashDash UK Limited. Which is authorized and regulated by the Financial Conduct Authority reference number 900769. Registered in England No 10207686.

Consumer Advisory +

Rapyd Holdings Pte Ltd is a Major Payment Institution (MPI) licensed (No. PS20200311) and approved by the Monetary Authority of Singapore (MAS). Users are advised to read the terms and conditions carefully.

Rapyd is a FinTech Company and is a licensed entity in the following manner and in the following countries:

In the US, Rapyd provides regulated Services in partnership with Evolve Trust and Bank and is registered with the Financial Crimes Enforcement Network (FinCEN).

In the EU, Rapyd provides regulated Services through an e-money license issued by the Financial Conduct Authority (FCA), that is usable throughout the EU - licence number 900769.

In Mexico, Rapyd provides services through its local entity, Rapyd Networks Mexico, S.A.P.I. DE C.V., which is registered with the SHCP Secretaria de Hacienda y de Credito Publico and Secretaría de Relaciones Exteriores / Secretaría de Economía.

In Singapore, Rapyd is a Major Payment Institution (MPI) licensed (No. PS20200311) and approved by the Monetary Authority of Singapore (MAS).

In the rest of the world, Rapyd provides regulated Services through select Network Partners.

The Rapyd Network Partners are incorporated, licensed and registered with each jurisdiction as required by each Regulatory Body.

If Rapyd, in select jurisdictions, provides certain regulated Services through its Network Partners, merchants may be subject to certain additional terms.

For inquiries or questions related to the Rapyd Consumer Advisory please click here.

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