ReliaFund Blog

same day ach

5 Years of Same Day ACH

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…
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financial reports

3 Financial Reports You Should Run Monthly

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…
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open banking

Open Banking: What You Should Know

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,…
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ach network

ACH Network: Nearly 10% Growth in Second Quarter of 2021

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…
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Why You Should Consider Integrated Payment Systems

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…
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isv payments

The Benefits of ACH for ISV Payments

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,…
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future of payments

Where the Future of Payments Is Headed

We are in a time of rapid digital evolution. New innovations and technologies are speeding through the payments industry. Solutions that traditionally take years to implement are now being tested and rolled out in a matter of weeks or months. This new normal won’t be going away any time soon. Take a look at where…
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customer online payments

8 Ways to Protect Customer Online Payments

Online payments are becoming more and more common, and cybercrime surrounding virtual payments is also on the rise. When you do business online, your customers want to know that their payment information is safe. Here are some ways to protect customer online payments. Seek Certification SSL security certificates are a great way to showcase your…
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credit card processing

Credit Card Processing for Small Businesses

Credit card processing is an important part of a small business’s livelihood. Research from a Finder study shows that 73% of people would leave a store without making a purchase if it didn’t offer a card terminal. Only 27% would find an ATM and then come back to the store to purchase something.  And even…
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ach payments

Tips for Incentivizing Customers to Pay via ACH

ACH payments have taken the world by storm – literally. Have you recently implemented an ACH payment system? Are you currently considering implementing an ACH payment system? Once you’ve made the decision to incorporate ACH into your business’s payment methods, the next big task is introducing it to your customers and encouraging them to take…
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improve cash flow

7 Tips to Improve Cash Flow for your Business

Cash flow is the movement of money into and out of your business. It comes from a variety of sources and is not just physical cash – it’s all types of payments. When you pay rent, charge a business expense to your company card, receive payment for your products or services – it’s all cash…
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preventing check fraud

Tips for Preventing Check Fraud

We recently talked about the 5 reasons people still use checks on our blog, which highlights the fact that, though check use continues to decline, it is still a popular payment choice for many people. And because identity theft and check fraud have been on the rise for the last several years, we wanted to…
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