Eli Smith

Responsible for keeping Payment Savvy running like a well-oiled machine, Eli has extensive experience with everything related to technology and financial services. Maintaining back-end operations efficient and productive isn't his only strong suit, Eli is also a key component of our sales team and is in constant pursuit of perfection. In charge of ground-breaking partnerships, he is always on the lookout for the next innovative product offering for our Savvy clientele. Eli's knowledge of the payment processing cycle and critical compliance standards ensure our customer base always has an educated and expert opinion if needed.

ACH or automated clearing house as electronic money transfer out

ACH Deposit Meaning and Benefits: Complete Guide

By Eli Smith / September 5, 2024 /

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…

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What Is Fintech? Understanding the Evolution and Impact on Modern Business

By Eli Smith / September 5, 2024 /

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…

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Woman hand holding blue credit card and using modern laptop

What Are Credit Cards on File?

By Eli Smith / February 6, 2023 /

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…

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Downgrading Credit Card

By Eli Smith / January 11, 2023 /

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.…

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atm card

What Is an Electronic Check?

By Eli Smith / November 14, 2022 /

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,…

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person using laptop

ACH SEC Codes

By Eli Smith / November 10, 2022 /

ACH SEC (Standard Entry Class) codes are an essential element of transaction processing, as they describe how a business or a customer authorizes the payment. Every ACH transaction, whether ACH…

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