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…

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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…

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10 Important ACH Payment Technology Statistics for 2022

The ACH payment technology powered by Nacha (National Automated Clearing House) underwent several transformations over the last decade. Although this payment method has been around for decades, recent technological advancements took its adoption across several sectors to the next level.…

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Payment Portal Solutions for Financial Institutions

Payment portal solutions help banks and credit unions across the globe go digital. The financial institutions that leverage these portals adopt more technologies that allow them to serve their customers better with the help of the right technology partners. Well-implemented…

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How to Sell ACH Payment Solutions?

Correct implementation of ACH payment solutions helps merchants save valuable time and money. The best payment processors enable merchants to accept and process payments directly from their merchant bank account via the ACH network. ISOs typically liaison between payment processors…

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5 Benefits of Collecting Energy Bills Online

Digitization of payments services helped customers pay their utility and energy bills online. Most large energy and utility companies adopt payment gateway technologies that allow them to regularly collect bill payments from their customers. These technologies make online bill payment…

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5 Important Components of Check Verification Services

Check verification services remain an integral part of the security when processing electronic checks in the ACH network. Merchants must adopt these protocols to safeguard their business against potential fraud. Studies show that in 2020, checks were the top payment…

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IVR Phone Systems For Financial Institutions

Advanced IVR phone systems entirely reformed the modern-day contact centers, making them more efficient with a lesser required workforce. The proper implementation of the Interactive Voice Response (IVR) tech helps organizations grow rapidly without hiring more people. This blog talks…

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Important Check 21 Return Codes (With Details)

“Here is your PRD printout with the check 21 return code. We are sorry we need to halt this check processing,” the teller says. “Here’s what print and what code?” you respond, completely confused. Don’t worry, we have all been…

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6 FAQs on International ACH Transactions (IATs)

“I want to send money to a relative based out of India; I can use International ACH transactions to send them money automatically every month, right?” a friend asked me. “WRONG! International ACH transactions are not a way to initiate…

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