The collection industry has been growing along with debt for unpaid purchases, bills, services, and other debts. There are over 1 billion credit cards open in the U.S. alone, and each American household owes an average of about $135,000 in debt. Factor in the complexity of the ever-growing internet..
Chargebacks are the Achilles heel of the payments industry. An unfortunate price paid by merchants to offer their customer ease and convenience. Depending on the nature of the business, high risk payments could be unavoidable. However, there could be a lot you can do to reduce the risk involved..
Echecks Boost Profits for High Volume MerchantsHigh volume merchants discover that adding electronic check processing is one of the easiest ways to increase sales and profits. The ACH network the oldest and most reliable electronic payment method available in the United States. As the ACH..
What is PCI Compliance?The Payment Card Industry Data Security Standard, commonly known as PCI DSS, has long been the leading authority in terms of security for the credit card processing industry. Its reliability makes PCI enormously valuable when it comes to protecting not just card information,..
Strategies for High Risk ACH & eCheck Account ApprovalHigh risk merchants can obtain an echeck account. Yet, it is more important than ever to prepare the application in a way that maximizes your chances for approval for electronic check processing.Banks are taking closer looks at high risk..