ReliaFund Blog

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

ACH payment systems are becoming more and more prevalent, and knowing how ACH works for your business is more important than ever. That includes knowing the risks of ACH. Here are 5 things you should know about payment processing. 1. Not All Fees Are Created Equal The average credit card processing fee is between two…

COVID-19 has changed the way we do things, from no-contact package delivery to remote work and online public schooling. One of those changes is the increase in no-touch and cashless payments. Cash and COVID don’t mix. As COVID changes the way the world works, plays, and learns, now is a great time to evaluate and revamp…

“ACH is the engrained payment solution that sits in the background as a reliable function that doesn’t attract much fanfare and yet is critical to how we run our businesses, pay our bills, and receive government benefits and wages,” says a white paper titled “The Expanding Role of ACH in the Era of Faster Payments.” …

At the start of the pandemic, retailers immediately turned to online solutions and scaled up digital operations to keep sales afloat. Some were left scrambling to build a website or an online store to stay engaged with customers. As states begin to open, it’s possible to eat at your favorite restaurant, go to the salon…

During times of uncertainty, bad actors will take advantage of the fear and vulnerabilities of consumers. According to the Federal Trade Commission’s Consumer Sentinel Network, nearly 50,000 scams related to COVID-19 have been reported. From travel and online shopping to phony small business loan sites and coronavirus miracle cures, scammers are collecting personal data and…

Small business owners get busy and fall behind with maintaining accurate accounting records. But it’s critical that the closing amount in your bank account matches the closing balance on your account records. Account reconciliation allows you to catch errors in your journal entries and general ledger for small business. If they don’t match, then the…

As the volume of financial transactions increases through the Automated Clearing House (ACH) Network, the National Automated Clearing House Association (NACHA) continues to scale up its services to meet the demands of the market. NACHA recently announced the new dollar limit for Same Day ACH will now be $100,000. The increase quadruples the previous amount…