Posts Tagged ‘electronic payments’
Top 5 PCI Compliance Myths
Listening to the myths and legends of long ago creates a sense of wonder and awe. Indeed an excellent way to pass the time. When it comes to the welfare of your business, myths are not as whimsical. The outcomes of not knowing the facts can be severe. An important topic to know the facts…
Read More2020 Consumer Finance Trends
As we delve into a new decade, we are beginning to see new trends in the world of consumer finance and lending institutions. Technological advancements are re-shaping financial entities and improving both their service delivery and product offerings. Both consumers in need of financing and financial institutions extending credit are noting the changes and look…
Read MoreInstant Merchant Account Approval
Key Takeaways Instant Merchant Account: An instant merchant account allows businesses to immediately process credit card payments. Factors for Approval: Factors such as a high credit score, providing relevant financial documents, and having a functional website can increase the chances of instant merchant account approval. Delays in Approval: Being a high-risk merchant, poor credit history,…
Read MoreImportant NACHA Changes: Account Validation
Starting March 19, 2021, the National Automated Clearing House Association (NACHA) will require businesses to perform online verification of bank accounts before they accept or process ACH payments. This will not just require effort, but it also will have some logical challenges for merchants. Let’s take a closer look at this situation and how to…
Read MoreWhat is SWIFT?
According to analysts, in 2012, it was observed that SWIFT facilitated up to $6 trillion per day. In 2015, more than 6.1 billion payment instructions were sent through the network. Today, it is the world’s most significant electronic payment tracking system. However, contrary to what most people think, SWIFT does not do any of the…
Read MoreGrow Your Small Business with Merchant Financing
Does your small business need funding to grow? If you don’t have cash in your hands, there are many types of financing to consider. Out of your options, many business owners often go with merchant financing. So what is merchant financing? And can it really benefit your business? Read on to decide whether or not…
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