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..
International tourist numbers have been increasing for the past six years in a row. More than 1.5 billion people travelled abroad in 2015 alone. As a result, cross border transactions have been getting easier and more widespread over the years. That’s a huge number of people looking to go..
Modifying loans is a much-needed service. If your business offers this complex service you already know there is no lack of demand. However, a lack of investment in compliance and technology has had an impact on services. Borrowers are facing increasing challenges to get their loans modified..
Same day ACH is now a reality for initiating credits. For debits, same day ACH will be available next year. ACH is a form of Electronic Funds Transfer or EFT. Each time you pay or receive salaries and wages, make direct deposits, pay for utilities or conduct any other transaction, the funds..
The higher the dollar amount of a specific transaction, the greater the risks involved. The risks and responsibility of fraud and chargebacks. extend to you as the merchant as well as to your processor & acquiring bank. Some industries process high tickets on regular basis. For..