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…

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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…

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ABCs of Faster Payment Systems for Banks

Digital transformation efforts in the financial sector are mainly geared towards one of the following goals: Increase convenience Increase speed Reduce costs If a project fulfills one or more of these goals, it is deemed complete/successful. Correct implementation and tracking…

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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…

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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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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…

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How Do Companies Use Automatic Payment for Energy Bills?

Competition in the energy and utilities market increased exponentially over the last few years. Today, there are nearly 3300 energy companies in the U.S. While most of these companies invest in the next-gen green solutions to prevent further pollution, they…

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5 Tools To Build an Online Presence on a Low Budget

Starbucks, our favorite coffee chain, spent a total of $305.1 Million in 2021 alone on its marketing and branding efforts. That staggering amount is more than the overall GDP of the world’s four poorest countries in 2017! Think about it.…

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12 Critical Tips to Succeed in Starting a New Business

If you are searching for a secret recipe on how to succeed in business, you will face disappointment. The so-called “hacks,” “guarantees,” and “ultimate guides” do not work. Trust us. That said, some tips or suggestions do work in helping…

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