ReliaFund Blog

The COVID-19 pandemic has impacted daily life and disrupted how many of us do business. Due to stay-at-home directives, the focus in our industry has turned to processing payments through automated clearing house (ACH) processes, credit cards, phone, web and other applications.  We know of the capabilities of ACH payment processing for bill pay like…

You’ve spent your time getting to know your software and how it specifically benefits your customer. When you work in a niche market, it’s critical to understand how your customers will benefit from your services, as well as how you can deliver that information to them.  You know the idiosyncrasies of your customer base inside…

When you’re in eCommerce, you don’t have the brick and mortar element of customer service checking you out, so electronic checkouts should always be customer-centric and easy to use.  You’ll also want to be sure that your customers’ important information is protected, as data breaches can significantly damage your reputation and customer loyalty. It’s no…

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…