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..
Continuity merchants are embracing the benefits of recurring billing to stabilize cash flow, reduce expenses, and increase sales.Continuity businesses are quickly catching on that many consumers prefer to pay on a recurring basis. This has long been the business model for online subscription..
Electronic Checks for Health Care ProvidersThe vast majority of health care providers are still processing payment manually. Over 80% of pateient payments for health care services are paid with paper checks. The cost of accepting paper checks drastically drives up the costs of medical services..
If you’re looking for an alternative payment method to offer your customers, you may be considering using ACH payments.Electronic payments are becoming increasingly popular among consumers and merchants alike. Old fashioned paper checks are on the decline. Yet, electronic check processing..
Debt collectors are faced with tremendous challenges. According to PWC, the industry is transforming as the regulators add pressure and oversight to consumer collections. Collections is still a vital part of the lending process. For example, one in three Americans have had an unpaid bill or loan..