Chad Deatherage

Chad is a serial entrepreneur and founded Payment Savvy in 2011 armed with the goal of providing high-risk establishments with a pioneering and tailored payment processing solution that allows them to flourish. Having decades of knowledge in the financial services and debt recovery industries, he ensures every client receives the same level of expertise, resourcefulness, and strategic vision no matter the size of the organization. Always willing to push the envelope, Chad’s forward-thinking and leadership skills are responsible for Payment Savvy being on the map as an industry-leading payment processor.

What Does Return Mobile ACH Payment Mean?

By Chad Deatherage / February 23, 2023 / Comments Off on What Does Return Mobile ACH Payment Mean?

ACH payments keep money flowing for subscription businesses, utility companies, and anyone collecting recurring payments. But when you see something like “Return Mobile ACH Payment CONA” errors pop up, it…

What Are Credit Cards on File?

By Chad Deatherage / February 6, 2023 / Comments Off on What 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…

Downgrading Credit Card

By Chad Deatherage / January 11, 2023 / Comments Off on Downgrading 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.…

What is NFC Mobile Payment and How to Use It?

By Chad Deatherage / December 2, 2022 / Comments Off on What is NFC Mobile Payment and How to Use It?

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…

Credit Card Processing Outage

By Chad Deatherage / December 2, 2022 / Comments Off on Credit Card Processing Outage

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.…

HSA vs. FSA – Which Is Better?

By Chad Deatherage / December 2, 2022 / Comments Off on HSA vs. FSA – Which Is Better?

Health savings account (HSA) and flexible spending account (FSA) are tax-advantaged accounts that you can use to save money for qualified medical expenses as well as benefit from significant savings…

What Is an Electronic Check?

By Chad Deatherage / November 14, 2022 / Comments Off on What 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,…

ACH SEC Codes

By Chad Deatherage / November 10, 2022 / Comments Off on ACH SEC Codes

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…