Financial Services

Ordinarily, when you buy an item (or when a customer buys something from your store), you swipe a card through a POS terminal. With EMV cards, you have to stick the card in and pause a beat so the system can generate a one-time encryption code. It can take noticeably longer than swiping, but not…

An acquiring bank is a bank that provides a merchant account to businesses that accept credit cards, and provide the money when a customer uses their credit card for goods or services. Before your small business can begin accepting payments from customers, you ultimately have to work with a an acquiring bank. It’s also known…

If you are looking for a fast, secure method to receive payments from your customers that is easy and dependable, then credit card processing is your solution. Customers expect to pay with their credit card anywhere and everywhere they shop so, if you expect to compete for your share of the market, credit card payments…

Acronyms, abbreviations, and other language shortcuts were designed to make it easier for us to communicate. But we use them so frequently that, while we know what they mean, we may forget what they actually stand for. At the same time, some jargon is industry-specific, so an outsider may have a hard time learning what…

When the ACH network was first developed in the 1970s, it was intended as a quicker, more convenient alternative to checks. Initially, ACH was only used for payroll and salaries. These days, it can be used for smaller payments, including monthly subscriptions and pre-planned expenses. The emphasis is on the planning. When you get into…

An Automated Clearing House, or ACH, is an electronic network for financial transactions in the US. An ACH processes large volumes of credit and debit transactions in batches. Businesses are increasingly using ACH online to simplify customer payments, rather than payments being made by credit or debit card. Using ACH gives you another payment option…

If you’ve been running an online business for a while, or if your face-to-face business has an online component, you may have noticed the increased prevalence of ACH payments. In the past, it was primarily an in-bank thing, but now it’s spreading to regular consumers and smaller digital enterprises. ACH stands for “Automated Clearing House.”…

In some markets, getting a credit card is really hard. The requirements are intense and it’s difficult to qualify. In other markets, credit cards are practically handed out in the mail. You barely even have to ask for it. This type of credit card often comes in the form of a store loyalty card. The…