The Future of Federal Payments

The digitization of federal payment systems sped up significantly in the last five years. The Fed actively adopts new payment and collection systems to meet the growing digital banking demands of the average consumer. COVID-19, the need for real-time payment…

More

Top 5 FAQs on QR Code Payments for Merchants

Latest studies by Statista show that 75.8 million smartphone users in the U.S. scanned a QR code in 2021. This number went up by 15.3% compared to 2020. The use of mobile wallets and online payment technologies improved significantly in…

More

ABCs of Third-Party Service Providers and Nested Third-Party Senders

In the previous blog, we discussed the roles and responsibilities of a third-party sender. We understood how funds flow between an originator and recipient with and without the support of a third-party sender. We also understood how third-party processors sometimes…

More

All About the Role of Third-Party Senders on ACH Network

The Automated Clearing House (ACH) network feels like a big complicated banking term meant only for professional bankers. In fact, even a few professionals do not entirely understand the inner workings of the ACH network. Although it seems complex, the…

More

5 Things You SHOULD Know About Open Banking Models

If you regularly deal with banks and other financial institutions, you have probably heard of “open banking” by now. But what does the term mean? Does it mean banks that have their doors open 24x7? Or does it mean banks…

More

List of 20 ACH Payment Gateway (SEC) Codes for Banks

In the previous blog on ACH Payment Gateway SEC Codes, we answered the following questions: What are ACH Standard Entry Class Codes? What do SEC codes tell you? The Security Aspect of SEC Codes The 4 Most Popular ACH Standard…

More

13 Key Components of ACH Security

What is the safest way to transfer money? Business owners and individuals often look for the most secure and economical ways to transfer money, especially when transferring large sums. With the increased use of digital transactions, they now have several…

More

15 Best Payment Options for Small Businesses in 2022

Are you working with an  entrepreneur stretched too thin during the initial stages of of their business? You’re not alone. In a study by Asana involving thousands of participants across the U.S., U.K., and Aus/NZ, nearly 82% of the workforce…

More

How Do Online Credit Card Systems Work? Top 9 Benefits

According to the Fed research from 2021, the average American holds three credit cards. This stat proves that the merchants that do not accept credit card payments face the risk of losing massive business each year. However, even the merchants…

More

Why Merchants MUST Get Bank Account Verification Today!

Fraud.  Fraud is one of the scariest things that can keep a business owner up all night. Financial fraud can break your business even before it lifts off. FTC (Federal Trade Commission) study shows that merchants lost nearly $5.8 Billion…

More

Want to learn more about iCheckGateway?