According to data from The Nilson Report, a leading source for news and proprietary research on consumer payment systems, global credit card fraud losses increases by around 10% every year. Whether you’re in the market for an ACH payment processor, a payment gateway or credit card card processor, the importance of choosing the right processor and ensuring you’re following industry best […]
Tag Archives | payment processing
A Fresh Look at ACH
ACH, or Automated Clearing House, is a payment processing service that transfers funds between two accounts, two banks or two entities, typically within one to two days. ACH can be used for many types of financial transactions, including paying employees, accepting vendor payments, and processing ecommerce and overseas transactions. Consider ACH the Center of a […]
6 Questions You Must Ask When Choosing an Automated Payments Processor
A business that automated their payment processing has significant advantages in comparison to one that traditionally invoices and then waits for payment. Estimates vary regarding the cost of a traditional invoice from $3 to $8 per invoice. Consider two security alarm monitoring businesses. Both have 5000 customers they bill at an average of $40/month. ABC […]
Building your Competitive Moat
Warren Buffet likes to invest in companies with a competitive moat. That is, their product, service or brand name presents competitors with significant barriers/problems in order to compete. Software developers are constantly under pressure- Pressure from competitors in their market space, from customers with “special needs” and from their own company to produce the next […]
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