ReliaFund Blog

ACH processing fees are far less expensive than typical credit card transactions. Since ACH bypasses the debit and credit card networks, interchange and assessment fees are eliminated entirely. With layered security protections, easy, automated solutions for customers, and the potential to save loads of money, ACH processing should be seriously considered if you don’t already…

In 2018, the ACH Network transferred 23 billion payments, or $51 trillion. Within the same year, internet payments went up 14.2 percent, valuing $2.9 trillion.  According to NACHA, consumers are certainly becoming more comfortable with internet payments via ACH. More and more merchants, especially small businesses and eCommerce merchants are capitalizing on the benefits that…

You want to design and structure your payment process with the customer in mind. If customers stumble upon issues when checking out, they may give up and cut the purchase short, or not make a return purchase while knowing that they may run into the issue again. You’ll want to be sure to employ the…

The National Automated Clearinghouse Association (NACHA) is the organization that administers ACH payments. Due to the vast amount of sensitive information that is transmitted via ACH payments, the NACHA has set specific security regulations that must be followed by any business that conducts ACH transactions. These security rules protect customers and establish the requirement of…

Through the National Automated Clearing House Association (NAC), 25 billion transactions are processed per year securely.  An Automated Clearing House (ACH) Network will allow for funds to be transferred between two bank accounts, whether through direct payment or direct deposit. Payroll, refunds, government benefits, and any other types of electronic transactions can be completed using…

It’s no secret that cyber threats are a risk nowadays, as we hear continually about yet another cyber attack. Even years after the fact, cyberattacks are uncovered and we learn that our data was compromised during the holiday season or another time. Of course, as major online spending dates like Cyber Monday increase revenue exponentially,…

  Money Service Businesses or MSB’s are an essential part of today’s society and they continue to evolve and expand their list of solutions to cater to Americans from all walks of life. Chances are high that you have passed by or transacted with at least one MSB in the recent months. According to the…

Offering online payments within your application or to your end-users and customers is part of every modern business. Because of this shift, enterprises have specific standards that they must follow if they choose to accept electronic payment and online bill pay services. In order to be compliant and to keep customer data secure, you must…