ReliaFund Blog

Payment fraud is affecting more and more businesses as they increase their e-commerce and online presence. So, let’s talk about current trends in payment fraud, and some tips for keeping your payments safe. Payment Fraud by the Numbers Payment fraud can occur in lots of ways, including identity theft, CNP (card-not-present) fraud, malware, credit card…

Last year, they said October was “the new December.” And this year’s holiday shopping season started even sooner, in anticipation of holiday supply shortages caused by the industry effects of the coronavirus pandemic. Retail giant Amazon started promoting Black Friday sales events in mid-October, more than a month before the actual day. So, let’s talk…

Same Day ACH payment processing just turned five years old. And while that may seem like the blink of an eye, the growth it has experienced is astronomical. Nacha reports that 1.3 million payments worth roughly $1.5 billion were processed in the first six days of September 2021. That is a massive leap forward from…

The financial side of your business is complex and ever-evolving, and that’s why there are certain reports and checks you should be running through regularly. Procrastination and instant gratification tendencies tell us that we can always put it off until tomorrow, even when we know that’s not the best plan. Here are 3 financial reports…

The rise of fintech in the U.S. and abroad has shed light on a new area that could benefit from more collaboration. Open banking could be the collaboration tool that allows fintechs and traditional banking institutions the opportunity to work more efficiently to serve a growing and financially diverse customer base. Let’s discuss its role,…

The trend continues: in the second quarter of 2021, the ACH network grew 9.9%, to 1.3 billion payments, according to Nacha. Though some of this growth was expected, there are surges in areas like healthcare, which was up by 37.5%, that were much higher than anticipated. The rapidly digitized world continues to encourage more and…

Integrated Payment Systems are payment systems that communicates with all other critical software your business uses, according to Tidal Commerce. And in today’s rapidly evolving digital world, no one wants to add steps or systems to unnecessarily lengthen any process – especially a process that is responsible for the financial savviness of your business. It’s…

For independent software vendors (ISVs), creating a more integrated payments approach could spell success for the future. Let’s go through some of the benefits of ACH processing for ISV payments. What’s an ISV? ISV is short for independent software vendors. But what does that mean? ISVs are software publishers, individuals, or organizations that develop, market,…