Posts by Chad Deatherage

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. As with many aspects of banking and merchant processing among credit card issuers, the term represents something slightly confusing (at best) and incredibly bewildering (at…

Consumer shopping behavior has changed greatly during the last decade. Until recently, people made their credit and debit card payments with a bit of distrust because they were afraid of scammers stealing their card information through the card’s magnetic stripe. Luckily, advances in payment technologies have paved the way for an improved experience at checkout,…

Most businesses these days benefit from credit card payments, at least in some capacity. This means that whenever a card processing outage occurs, business owners have reasons to be worried. Nobody wants to tell their clients they can’t facilitate their payments, so fixing the problem in a timely manner is the number one priority. What…

Medical expenses are a major cause of bankruptcy in the U.S. The average American spends about $12,500 per year on health care. That’s a lot of money to pay out-of-pocket, especially when you consider that most people don’t have thousands of dollars sitting around in a savings account. What many people don’t realize is that…

A health savings account, or HSA, is a tax-advantaged account that allows account holders to save for qualified medical expenses, such as dental services or vision care, that are not reimbursed by high-deductible health plans. Apart from being handy for saving on medical costs, HSA is also useful for reducing taxable income. If you’re wondering…

A flexible spending arrangement or flexible spending account (FSA) is a tax-advantaged account provided by an employer to an employee to allow for covering eligible healthcare expenses or dependent care costs. It’s an employer-sponsored account, and in this regard varies from a health savings account (HSA). Depending on the extent of your medical or dependent…