Today’s consumers move fast. With all of the computing power of a desktop tucked away in nearly every pocket, today’s businesses can’t delay basic transactions. The longer it takes to make a purchase from one vendor, the more likely they are to finish buying somewhere else. (more…)> Continue Reading
Every business wants to increase profitability while reducing losses, and Automated Clearinghouse (ACH) payments processing promises to accomplish both those goals. Using the service requires an enhanced understanding of the underlying technology, however, so a little learning before implementation can prevent future challenges, or at least reduce their severity. (more…)> Continue Reading
The advent of online technology has brought substantial benefits to businesses, allowing them to access new markets across borders. But as banking technology becomes more complex and fast-moving, fraud also increases in scope. Cross-border transactions present numerous pathways for fraudulent activities.
It’s a challenge for businesses to optimize revenue and minimize losses while controlling operational costs, as they move into different geographical areas. (more…)> Continue Reading
Routing numbers have been a fixture for identification purposes since the American Bankers Association (ABA) introduced them in 1910. The ABA Routing Number was originally created to identify financial institutions for check processing, but its use has expanded with the growth of electronic banking practices. The routing number continues to be used to identify participants in automated clearinghouses, for electronic funds transfers, and in online banking. (more…)> Continue Reading