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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 24×7? Or does it mean banks that accept all customers?...

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 Entry Class...

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...

15 Best Payment Options for Small Businesses in 2022

Are you working with an entrepreneur stretched too thin during the initial stages 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 felt that...

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 that...

Why Merchants MUST Get Bank Account Verification Today!

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 to fraud in 2021...

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...

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 you...

How Should I Invest My Tax Refund? 20 Cool Ideas

Let’s set something straight. No one likes paying income taxes. When we see our pay stubs with income tax deductions, we all feel the same pain. However, we also cannot deny that income tax is necessary for the normal functioning of a country....