Fewer Banks Accept High Risk MerchantsBank ratings continue to be downgraded in response to the economic conditions. In turn, the banks are taking a closer list at risk in merchant portfolios.The banks are trying to control potential losses. Whether or not the perceived potential losses are..
If you have any questions that ACH payments are being embraced by US businesses and consumers, consider these facts from NACHA:The number of Automated Clearing House (ACH) Network payments exceeded 19.4 billion in 2010, an increase of 3.44% compared to 2009More than $37.4 trillion in ACH payments..
Banks & ACH ProcessingCompanies often ask if ACH payment processing can be obtained through their own bank rather than with a ACH processor. The answer is “It depends on your business & your bank.”Some banks provide ACH payment services to larger accounts with lots of money in the..
Echecks Trusted by BuyersOne of the most common questions asked by merchants who are thinking about adding electronic check processing is: “Will my customers use it?” The answer to that question is “Absolutely yes.”Consumer use of echecks for online payments is greater than ever before..
With concerns about the environment rising, ACH payments for sending and receiving money benefits both your business and your customers. Your company will be perceived as a socially responsible business, enhancing your reputation, and ultimately increasing sales. You customers, vendors,..
ACH Payment Processing Benefits Billers and ConsumersACH payment processing debits payments from consumers’ bank accounts and credits the funds to the biller’s bank account. Electronic funds transfer through the ACH payment processing network offers substantial benefits for both billers and..