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Category: Payment Processing
What is a Merchant Identification Number?
2021 is on track to be a banner year for new business starts in the U.S., marking a new record for business formation. There was nearly a 23% increase in new businesses starting i...
Read MoreHow Popular is Discover Card vs. Visa and MasterCard?
Since their inception credit cards have been instrumental in expanding businesses and transactions by facilitating purchases and the expansion of the global economy. Today there a...
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RDFI and ODFI: What’s the Difference
Every ACH transaction goes through two financial institutions: the RDFI and ODFI. These two play major roles in ACH payment processing; one cannot do without the other. However, a...
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How To Accept Credit Cards Over The Phone?
Credit and debit cards have become very common, and only credit card users stand at 1.25 billion individuals. It’s clear that almost everyone has them, and fewer people are usin...
Read MoreACH Transaction fees and the Hidden Costs of Check Processing
The terms "E-check, "EFT", and “ACH" are frequently used together. They might seem interchangeable at times due to the overlap, but they are not the same thing. Electronic Fu...
Read MoreACH Transaction fees and the Hidden Costs of Check Processing
The terms "E-check, "EFT", and “ACH" are frequently used together. They might seem interchangeable at times due to the overlap, but they are not the same thing. Electron...
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10 Forms Accepted Payment Methods at Costco
Costco completed one of its most significant corporate moves less than a decade ago. The company ended its 19-year merchant services relationship with American Express (Amex) and...
Read MoreWhat Forms of Payment are Accepted at Costco?
Costco completed one of its most significant corporate moves less than a decade ago. The company ended its 19-year merchant services relationship with American Express (Amex) and ...
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Payment Processing Meaning - How Does It Work?
Payment processing is the collection of steps that occur when digital payment transactions are conducted between a merchant and a customer. While a merchant might typically be a b...
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