ReliaFund Blog

Payments: What 2020 Taught Us

It feels like 2020 has lasted twice as long as a “normal” year, but that is mostly due to the rapid-fire changes that businesses and individuals have been dealing with since mid-March. The payments industry was not exempt either, so let’s take a look back at 2020 and how payments were handled before we head…

ACH Rose to the Federal Stimulus Challenge

The distribution of stimulus payments caused a lot of problems this year. So how did ACH stack up in the processing of these payments? The CARES Act was a government stimulus in response to the shutdowns caused by the COVID-19 shutdowns that sent out $270 billion in payments to Americans. Some individuals received their payments…

Small Business Guide to Choosing the Right Payment Processor

Online transactions, payments, and billing processes continue to grow in popularity, and frustration, this year. But which payment processor is right for your small business? Things to Consider When Choosing a Payment Processor There are many high-view functions and things you need from your ACH provider. A lot of payment processors, from large outfits that…

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ACH Account Validation Requirements Are Changing

Account validation is an often underrated part of ACH and all online payment processing. Protecting the funds as they travel from institution to institution, or from bank to business to personal checking accounts, tends to be the area we focus on most heavily. But the verification stage is near the beginning of the process for…

EFT and ACH Payment Methods – What’s the Difference?

EFT and ACH payment methods are fluctuating in popularity amid the coronavirus pandemic. But what are these methods and how do they differ? While both methods can help small businesses handle their various daily, monthly, and yearly transactions, they are not identical. EFT: Electronic Funds Transfer The difference between EFT and ACH is a bit…