How ACH Fraud Happens

June 23, 2015
Tina Brandon

One of the reasons high risk merchants to choose ACH payments over credit card payments is the lower risk of fraud. To put matters into perspective, the report presented by the Federal Reserve in July 2014 illustrates the disproportion that exists between credit card fraud and ACH fraud. For year 2012, which would be the […]

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New ACH Rules for Unauthorized Returns

June 1, 2015
Tina Brandon

An essential indicator for ACH payments that requires constant monitoring is the unauthorized return rate. An unauthorized return occurs when an Originating depository financial institution (ODFI) debits the Receiving depository financial institution (RDFI). In some cases, the transaction may indeed be unauthorized, but system errors caused by the ODFI frequently result in an unauthorized debit. […]

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ACH Settlement – Present and Future

May 26, 2015
Tina Brandon

Let’s face it.  The ACH system is having a hard time keeping up in these days of real time payment processing. The ACH network was designed as a net settlement or batch payment system for single time or recurring payments.  As a result, settlements take 3 or more days.  from the moment the transaction is […]

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ACH Payment Processing Powers Business Growth

May 15, 2015
Tina Brandon

  ACH payments continue to experience a steady upward growth curve.  Offering  big benefits for merchants. Since the introduction of internet and telephone payments in 2001 and the advent of international payments in 2011, the network put into place by the National Clearing House Association has expanded steadily. Today, over 20 percent of all electronic […]

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Online Money Transfer ACH and Check21 Processing

April 6, 2015
Tina Brandon

ACH and Check21 echeck processing service for online money transfer companies.  US customers can quickly and easily send payments using a direct debit from their bank account. The World Bank reports that money remittances were $436 billion in 2014 and will increase to $518 billion by 2016. The majority of the payments are sent by […]

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Save Money While Protecting Your Business Account with Consolidated Returns

Consolidated Return Service is specifically designed for eCheck21 electronic payments as well as paper checks.  Consolidated returns protect your business operating accounts and save you money on returned item fees. Most business banks have a low tolerance for returned transactions flowing through a business account. And, business banks charge high fees for items which are […]

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ACH Creates More Profits from Recurring / Subscription Sales

September 15, 2014
Tina Brandon

ACH for high risk merchants is an easy way to get more sales from recurring billing models and subscription sales.  High risk merchants in many industries, including online entertainment, digital content, and subscription-based products benefit from ACH processing. ACH stands for Automated Clearing House.  This is well established US based system that transfers payments between […]

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Businesses With Recurring Payments Are Cash King

March 15, 2014
Tina Brandon

Benefits of eChecks for Recurring Payments Electronic checks (echecks) are particularly beneficial for merchants that offer recurring billing or subscription payments.  Echecks are a stable payment option for merchants that are interested in protecting cash flow for recurring payments. The more payment options you provide your customers, the more sales you will generate.  Of course, […]

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Reducing Risk in ACH and Check 21 Payment Processing

January 30, 2014
Tina Brandon

Reduce Risk, Increase Sales As beneficial as echecks  are to online merchants, increasing sales up to 20%, merchants still have some concern about the payment option. Echecks are among the safest ways to accept payments methods for online merchants.  Standard security technology and encryption include authentication, public key cryptography, digital signatures, certificate authorities and duplicate […]

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ACH for Recurring Payments

October 3, 2013
Tina Brandon

Recurring billing payments are direct debit transactions that automatically bill and collect money from customers on a regular, recurring basis.  Money is electronically transferred from a customer’s bank account to the merchant’s or biller’s bank account. Recurring payments are particularly well-suited for ACH processing, and are more effective to ensuring long-term cash flow than are […]

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