ReliaFund Blog

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Record Growth in ACH Network

Nacha, the organization that governs the ACH Network, has recently released a report chronicling trends in the use of ACH in 2020. 26.8 billion payments were made over the ACH Network in 2020, which is an increase of 8.2% over 2019, and the value of those payments, $61.9 trillion, increased by 10.8%, according to Nacha’s…
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5 Reasons People Still Use Checks (& 2 Reasons Not To)

The ACH payment processing network had a record year of growth in 2020. $61.9 trillion in payments were processed last year, which is an increase of 10.8% from 2019. We’ve talked previously about why ACH processing is on the rise, and it’s no secret that credit and debit cards, Venmo, PayPal, and ACH are all…
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Banking & Payment Fraud – Common Fraud Pt. 2

Many people are still waiting for their second stimulus payment to arrive; fraud once again becomes an immediate concern. With huge numbers of checks and direct deposit payments surging from the federal government to individuals all over the country, now is a prime time for fraudsters to pull out all the stops in order to…
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common fraud part 1 cyber fraud

Cyber Fraud – Common Fraud Pt. 1

Many people are still waiting for their second stimulus payment to arrive; fraud once again becomes an immediate concern. With huge numbers of checks and direct deposit payments surging from the federal government to individuals all over the country, now is a prime time for fraudsters to pull out all the stops in order to…
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payment trends 2021

Payment Trends to Look for in 2021

The COVID-19 vaccine is being distributed to Americans right now, and the US government is finalizing a second stimulus package – it looks like things are starting to trend upward as we head into 2021. 2020 is ending, and trends in payments have changed drastically. What 2021 payment trends should we be looking for? More…
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payment trends 2020

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…
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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…
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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…
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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…
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5 Things You Need From Your ACH Provider

ACH payment processing systems are becoming more and more prevalent, and now is the perfect time to integrate one into your own business.
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ACH Fraud Protection

ACH payment processing systems are becoming more and more prevalent, and now is the perfect time to integrate one into your own business.
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