Upcoming NACHA Rule Changes for WEB Transactions: How to Stay Ahead of the Curve

On March 19, 2021, the National Automated Clearing House Association (NACHA) will update rules for WEB Entries: ACH Network transactions initiated over the internet and wireless networks. Updated requirements are designed to enhance fraud prevention and overall customer experience. In…

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5 Innovative ACH Payment Technology Trends for a Sustainable Digital Economy

Payment technology is transforming business processes across a multitude of verticals and industries. Industries themselves are evolving to become more technology driven, which boasts a variety of benefits. Not only are ACH payment solutions a green initiative—something many businesses are…

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How to Protect Your Business When Taking Telephone Credit Card Transactions

  Fraud on the Rise... When Alexander Graham Bell obtained his official telephone patent in 1876, there likely wasn’t a single person around who envisioned the communication device as an instrument of billions of dollars of commerce transactions. Yet, here…

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Proper Authorization: CCD Transactions

Businesses can conduct proper transactions across the ACH network through iCheckGateway.com: PPD Transactions (Prearranged Payment and Deposit Entries), TEL Entries, (Telephone-Initiated Entries), and WEB Entries, (Internet Initiated/Mobile Entries) . While these transactions typically occur between a business account and a…

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Proper Authorization: WEB Transactions Ecommerce Sales

Ecommerce Sales for ACH and Credit Card Transactions Rises Year to Year. The National Retail Federation calculated ecommerce sales “increase 4.1 percent over 2018 to 2019, as much as $730.2 billion.” With that in mind, merchants should revisit our resources…

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Proper Authorization: TEL Transactions

Previously, we established that the National Automated Clearing House Association has spelled out the guidelines requiring specific authorizations for online transactions across the ACH network (see Aug. 24 post). At first glance, the rules governing how authorization can be obtained…

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Proper Authorization: PPD Transactions

The number of transactions across the ACH Processing Network increased dramatically, even in the last year. These transactions occur with a lot of oversight. Protections provide security benefiting both the consumer and the business owner. The National Automated Clearing House…

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Unauthorized Return Rates

To say the number of transactions occurring across the ACH Network is growing would be quite the understatement. According to the National Automated Clearing House Association, more than 5 million transactions occurred across the ACH Network in the first quarter…

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Email Invoicing

Still mailing paper invoices to your customers through the good ole United States Postal Service? Here are some sobering numbers: >One ream of paper (500 sheets) can cost anywhere between 4 and 7 dollars >A 500-count box of business envelopes…

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Make Your Accounts Receivables Department Happy with IVR

Accounts Receivable: a claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services (from dictionary.com) It’s a given: a business offers a product or service, compensation must be collected from the…

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