Hardly a day goes by without a call from an ISO, merchant, or processor who asks us for help in finding someone to process ACH transactions. There is usually some urgency in these requests – we can hear it in their voice. This is partly because of the customary and normal positioning by the ISO to handle all payments for the merchant:- Check (via remote deposit capture and guarantee)
With Thanksgiving right around the corner, we wanted to present 5 websites that we are thankful for. These sites are valuable to the payments industry for the information and services they provide. In the ever-changing payment services industry, keeping up with the changes can be challenging.
Don't know your RDC from your PCI? Don't fret. Acronyms and abbreviations are SOP in the payments industry. For retail merchants, check guarantee service providers, independent sales agents and financial association members it can be downright confusing to keep track of terminology that relates to our payment systems. To make it easy to understand some of the most commonly used acronyms, we've set up a payments glossary of pertinent terminology on our website. Here are few entries that will help you sound like an expert MLS at the next ETA conference.
A recent study the by Federal Reserve tells us some things we already know about payments in the US. As consumers, we're carrying less cash, writing fewer checks, and using our debit cards to buy our morning coffee. However, this recent study offered some surprising information on check and debit card payments, dollar value of transactions and growth in consumer-to-consumer checks.