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Everything You Need to Know About ISO 20022 – Fintech News

June 9, 2022

By ICG Digital

The need for faster payment systems is growing by the day. Studies by the Clearing House (THC) discuss how real-time disbursements accounted for nearly 17% of all disbursements made in 2021, up from just 5.7% in 2020. The same study…

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

May 19, 2022

By ICG Digital

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…

Important Check 21 Return Codes (With Details)

February 3, 2022

By ICG Digital

“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…

6 FAQs on International ACH Transactions (IATs)

January 31, 2022

By ICG Digital

“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…

Pending ACH Transaction? Here’s what to do!

January 31, 2022

By ICG Digital

"What is this? A pending ACH transaction? What does it even mean? Why can't I access the funds right now! Does this mean they defrauded me? This is a huge amount! Whom do I reach out to! I need to…

QuickBooks ACH Payments in 10 Simple Steps

January 31, 2022

By ICG Digital

Modern-day improvements in the banking network have changed the accounting game completely. Technology like ACH can help accountants process payments seamlessly while saving massively on transaction costs. Combine them with the power of a handy solution like QuickBooks and you…

How Can Banks Set up ACH Solutions For Their Customers?

January 27, 2022

By ICG Digital

Setting up ACH payments for your bank or financial institution is as easy as 1-2-3 now! More and more lending agencies are now offering alternative ACH payment methods to attract more customers. We already know that some of the benefits…

5 Tips to Prevent Returned Mobile ACH Payments

January 26, 2022

By ICG Digital

“Are you kidding me? Another returned mobile ACH payments notification? I am so sick of these notifications! I don’t even know what they are!” my friend said. “Well, they mean that your payment has failed, and you need to try…

How Can Banks Help Clients Pay Securely Online?

January 25, 2022

By ICG Digital

The advent of the internet has unlocked the banking and financial services industry to pay securely online. More and more lending agencies adopt technology to collect and process payments seamlessly. How Customers Paid Before the Internet How did individuals…

Popular ACH Standard Entry Class Codes You Should Know

January 20, 2022

By ICG Digital

Efficiency. Efficiency is one of the most critical things that the global financial system has mastered over the last couple of centuries. Every technological advancement has taken financial services operations across the globe to a whole new level. ACH standard…