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Who Regulates Card Processing? The Essential Credit Card Governing Bodies Guide
Proper regulation of credit card processing is incredibly important, especially as the process of accepting credit card payments requires sensitive customer data that is often under attack from malicious parties. This data needs to be carefully protected, which is why credit card processing companies, including Acquirers, Merchant Service Providers, Payment Gateways, and Payment Facilitators are all regulated by a variety of credit card governing bodies.
Ursula Librizzi
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What is a Payment Gateway? Definition, Benefits, Features & More
Accepting payments has become increasingly complex due in part to the rapid growth of online and mobile experiences, the popularity of digital wallets and an increase in recurring or subscription services. Powering all the interaction points throughout a transaction’s lifecycle requires an expanding array of technologies and networks to securely connect point-of-sale (POS) systems, websites, payment processors, bank accounts and card brands. A crucial part of the equation is the Payment Gateway. You may have casually heard the term and are wondering “What is a Payment Gateway?” or “How is it different from a Payment Processor?” This article answers those questions and takes a deeper dive into important features and benefits to help you decide what type of payment gateway is best for your business.
PayJunction Team
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ACH Payment Processing: Everything You Need to Know
What is ACH Payment Processing? ACH payment processing is the banking industry’s definition of moving money between bank accounts in the United States. ACH stands for Automated Clearing House and the ACH network of financial institutions is responsible for the movement of funds. It is managed by Nacha, the organization that sets and enforces the Rules for ACH. The physical network that processes transactions is run by the ACH Operators, notably, the Federal Reserve and The Clearing House.
Ursula Librizzi
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Accept ACH Payments: The Complete Guide
What is an ACH Payment? As a consumer, you have likely made payments via ACH, even though you may not be familiar with the acronym. ACH stands for Automated Clearing House, which is the official network connecting US banks to the Federal Reserve. Electronic payments can be made directly from a bank account (ACH debit) using the routing and account numbers. ACH is also called an “electronic check” or “E-check.” It is typically used for bills, invoices, utility payments, and tax payments. ACH is also the method most commonly used for the direct deposit of paychecks (ACH credit).
PayJunction Team
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ACH Rejects and Processing Explained
ACH stands for Automated Clearing House, a network managed by NACHA. The network enables the electronic transfer of funds from one bank to another by directly debiting a consumer or business checking or savings account. It is commonly used for payroll, bills and invoices, and tax payments. ACH transaction fees are lower than those of credit and debit cards, so it is a popular cost-effective payment type, especially for higher ticket purchases.
Ursula Librizzi
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5 Tips for Hassle Free eCheck Payment Processing
Hands up if you can’t wait until the day the phrase “the check is in the mail” becomes totally obsolete. Though checks persist as a common payment form, and one some of your customers may prefer, they can really slow down your payments and be a pain to deal with: first you have to wait for a paper check to arrive in the mail, then you have to drive to the bank to make a deposit (or wait for enough checks to accumulate to make the time spent on this task worthwhile), and then you have to wait several more days for the check to clear.
PayJunction Team
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