Complete List of ACH Notification of Change (NOC) Codes

“You made a mistake this time around. But don’t worry, I know it was not intentional. Therefore, this time I got your back. Here's an ACH Notification of Change (NOC). Be more careful the next time around.” This is basically…

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What are P2P ACH Transactions?

The world of P2P ACH transactions is expanding to a whole different level. The year-on-year growth for the use of ACH technology in P2P transactions increased by a massive 42.2% between 2019 and 2020. More and more people today rely…

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What is Better, ACH or Wire Transfer? Real Answer – It Depends

“Moderator: Okay, let’s start the discussion. Today’s topic is, what is better, ACH or wire transfer? Participant 1 (P1): Easy, wire transfers always win. ACH technology is so complicated. Have you ever tried signing up for an ACH transaction?   Participant…

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How Long Does an ACH Transfer Take?

We often come across business owners who wonder how long does an ACH transfer take. They are unfamiliar with the technology, and the big scary terms like National Automated Clearing House throw them off. Therefore, many of them end up…

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Rejected ACH Transaction? Here’s What to Do!

A rejected ACH transaction is common for business owners who process hundreds of transfers every day. Understanding why a particular transfer has failed can help business owners take the necessary steps to prevent additional unnecessary fees. It can also ensure…

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24 FAQs on Credit Card Processing Fees

The world of payments is quite elaborate. Business owners now have the option of sending and receiving funds through cash, ACH solutions, online banking, paper check, debit and credit card processing, etc. Without proper guidance, you can easily get lost…

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5 Ways To Collect Mortgage Payment

Technology reformed the banking and financial industry in unprecedented ways. With the advent of the internet and phones, bank customers can now pay their bill and mortgage payments without ever stepping out of their homes. With seamless financial transactions, mortgage…

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5 Tips on How to Conduct Financial Audits

There is no easy way to say this. Conducting a thorough financial audit is a massive pain in the you know what for most business owners. The process is pretty complicated, long, and often expensive too. Unfortunately, it is a…

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SMS Technology Updates Merchant and Consumers Easier

The System Status using SMS Technology system completed testing, and the tech department deployed it for use. Subscribers can also follow iCG on Twitter, where we also push out system status updates to help save the day for our merchants…

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All About ACH Applications and Why You Should Use Them

ACH applications rising up for business owners, even while the processing time runs slightly slower than credit card transactions. ACH stands for Automated Clearing House. We know it sounds complicated. But believe us, it really is quite simple. In easy…

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