Posts by Eli Smith
ACH Deposit Meaning and Benefits: Complete Guide
You’ve probably heard the term “ACH deposit,” but what does it really mean? ACH stands for Automated Clearing House, a network that handles electronic payments and transfers. So, what is…
Read MoreWhat Is Fintech? Understanding the Evolution and Impact on Modern Business
The financial industry has changed significantly over the years to adapt to the fast-pacing and extremely technologically advanced world of today. Everything we do, from buying coffee to paying rent…
Read MoreWhat Are Credit Cards on File?
Key Takeaways Card-on-file (CoF) transactions store customer card details for future payments or recurring billing, offering a seamless customer experience. CoF transactions can be used by both retail and subscription-based…
Read MoreDowngrading Credit Card
If you are one of the ten million-plus American businesses with a merchant processing credit card account, the chances are you are aware of an industry term known as interchange.…
Read MoreWhat Is an Electronic Check?
Key Takeaways Electronic Checks (eChecks): Digital versions of traditional checks offering a secure, efficient, and cost-effective method for online payments. Benefits: eChecks are cheaper to issue, have enhanced security features,…
Read MoreACH SEC Codes
When it comes to the financial world, there are a lot of terminologies that someone who isn’t a part of it might have difficulties with understanding. That’s because, while financial…
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