Payment Processing Tips
Why Payment Authorization is Important for Collection Agencies?
An authorized payment is a credit card, debit card, or ACH payment received by a merchant with the card or bank account holder’s express authority. Obtaining debtor payment authorization plays…
Selecting the Right High-Risk Merchant Provider for your Business
Accepting credit cards is a necessary form of payment for nearly every business, high-risk industries included. All companies need to partner with a merchant service provider to have card payments…
5 Benefits of Accepting ACH Payments Online
The Automated Clearing House, or ACH, is an electronic financial payment network. It provides merchants with the ability to directly transfer funds from a customer’s bank account to exchange goods…
Accepting HSA and FSA Cards for Medical Facilities and Billing Agencies
Modern-day healthcare programs allow patients to pay for their medical bills through Health Savings Accounts and Flexible Spending Accounts, abbreviated as HSA and FSA, respectively. Even debt collection agencies can…
NACHA Security Rules for Merchants – Is Your Business Compliant?
The National Automated Clearinghouse Association (NACHA) issues out operating rules yearly for businesses that accept ACH payments. This body governs all aspects of ACH payments and offers regulations on storing,…
Raising the Processing Limit on a High-Risk Payment Account
Stable high-risk payment accounts are hard to establish. For businesses in high-risk industries, approval for a merchant account with a monthly processing volume that suits your needs can be even…
4 Simple Methods for an Effective Collection Agency Payment Strategy
Running a collection agency is tedious. Just the industry regulations alone are enough to make one bonkers. It’s important to make processes as efficient as possible to concentrate on the…
Employee Education is the Cornerstone for HIPAA Compliance
When you work with or for a healthcare entity, HIPAA Compliance is a must! HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. This critical legislation outlines…