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The U.S. Faster Payments Council Spring Member Meeting 2024: Key Highlights
iCG Pay is proud to be a member of the U.S. Faster Payments Council. Recently, we were privileged to attend a member...
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Partnership (4)
The Power of Check Verification: An Essential Feature for Healthcare Software
A staggering 66% of checks face attempted or actual payment fraud, according to the 2021 Association for Financial...
Loan Servicing Companies: Improving Payment Processing for Service Providers with Partnerships
Loan servicing was previously a core function within banks. Traditionally, banks would issue loans and handle the...
Healthcare Technology Companies: Streamlining Patient Payments with Payment Processor Partnerships
The digital payment industry landscape is facing a rapid transformation. For example, the COVID-19 pandemic forced...
Request for Payment (RFP): The Future of Payment Processing Explained
It’s been said once and will be said a thousand times. The payments industry is constantly changing.
How to Evaluate Payment Processing Options for Your Bank: An Easy 11-Step Guide
Every business partnership, every recruitment, and every investment is geared towards simplifying the process to free...
The Hidden Costs of Bank-Owned Payment Processing and How Third-Party Providers Can Help
Having everything in-house seems more logical. If we talk about payment processing, bank-owned payment processing...
The Importance of Payment Processing Speed and Reliability for Banks
How do you ensure the success of your bank?
Banks and Payment Tech: The Surprising Benefits of Partnerships
Among the different types of non-bank partnerships you can get into, you should prioritize a payment processing...
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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...
Pending ACH Transaction? Here’s what to do!
“What is this? A pending ACH transaction? What does it even mean? Why can’t I access the funds right now! Does this mean...
Rejected ACH Transaction? Here’s What to Do!
A rejected ACH transaction is common for business owners who process hundreds of transfers every day. Understanding why a...
Complete List of ACH Notification of Change (NOC) Codes
“You made a mistake this time around. But don’t worry, I know it was not intentional. Therefore, this time I got your back....
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...
5 Tips to Prevent Returned Mobile ACH Payments
“Are you kidding me? Another returned mobile ACH payments notification? I am so sick of these notifications! I don’t even...
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...
What are P2P ACH Transactions?
The world of P2P ACH transactions is expanding to a whole different level. The year-on-year growth for the use of ACH...
QuickBooks ACH Payments in 10 Simple Steps
Modern-day improvements in the banking network have changed the accounting game completely. Technology like ACH can help...
Bank-Owned vs. Third-Party Payment Processing: What’s the Difference?
The demand for payment processing solutions is on the rise. The market size is projected to grow to $116 billion by 2027, up...
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Pending ACH Transaction? Here’s what to do!
“What is this? A pending ACH transaction? What does it even mean? Why can’t I access the funds...
Rejected ACH Transaction? Here’s What to Do!
A rejected ACH transaction is common for business owners who process hundreds of transfers every...
Complete List of ACH Notification of Change (NOC) Codes
“You made a mistake this time around. But don’t worry, I know it was not intentional. Therefore,...