Small business loans, ACH, payment processing, business bank accounts… There’s so much to understand as a small business owner. From making loan payments and choosing an ACH provider, these decisions can feel overwhelming. This is especially true if you’re a new business trying to get things set up correctly for sustainable growth.  Trying to sort out the details of ACH payments and small business loans can be confusing. If you’re currently considering these options, the following details will help you distinguish between the two and understand the ins and outs of each.  What is the Automated Clearing House (ACH)? The […]

Indeed, the world wasn’t ready for a pandemic like the novel COVID-19, but it’s inspiring how swiftly we’ve responded to these desperate moments. For instance, recently, POS (point of sale) system vendors stepped in to assist affected retailers who run restaurant-related businesses. This was a bold move considering that the hospitality sector has suffered the most due to the new social distancing rules. Recent findings from CardFlight’s Small Business Impact Report indicate the sales for hospitality-related businesses—restaurants and beverage stores— plummeted nearly 37 percent in March. And now, TouchBistro Inc. has rolled out a set of products and services that will help […]

The Federal Reserve announced that a real-time payment service will be entering the market by 2023 or 2024.  The new service is called FedNow and set to reach every bank in every community within the United States. Four considerations were mentioned by Fed governor Lael Brainard that facilitate this service, they were, “equitable access to users, payments safety, increased competition for private-sector players, and a neutral platform for innovation.” Prominent private-sector player, The Clearing House Payments Co. or (TCH), introduced its real-time payments service in 2017. Based in New York and owned by 25 banks, TCH has been working on […]

Speed is everything these days, and payments can’t stay ignorant towards this growing trend. Currently, the desire for faster or real-time transactions is a hot-button topic in the payments space. In the U.S., the demand for faster payments is strong. Let’s dive more into the topic, as well as discover exceptional high-risk ACH processing for your business. High-Risk ACH Processing & Real-Time Payments Real-time payments are also called faster payments. The U.S. Faster Payments Council describes them as payments that allow you to transmit and get funds in real-time or in near-real-time. In 2018, same-day Automated Clearing House (ACH) got […]

Old technology and payment processing systems often make modern small and medium-sized businesses (SMBs) launched by modern entrepreneurs get stuck. Thus, businesses lose their operational flexibility and stop to further develop. How can ACH business payments help? Where can you get affordable and secure ACH business loans? Just go on reading below to know. ACH Business Loans & U.S. Open Banking The term “Open Banking” is used by the U.K. to denote the implementation of PSD2 (the European Union’s 2nd Payment Services Directive). The latter isn’t limited within the E.U.’s regulation. PSD2 gives authorization to banks to allow 3rd parties […]

As a small business owner, are you free or you’re enslaved by your own business? Do you feel like a caged animal? So, what can you do if your business demands all of your time and energy leaving you with nothing? Besides, where can you find exceptional ACH eCheck services to grow your business? Just read below and you’ll know. ACH eCheck Services for Your Business People often start a business to enjoy more freedom. Ironically, they lose some of that freedom because it’s critical to work so many more hours. Beyond any doubt, starting your own business is a […]

The Federal Reserve recently released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service. It has also asked for feedback on a possible new posting time for transactions and an increased daylight overdraft fee. The National Settlement Service is a multilateral settlement service owned and operated by the Federal Reserve Banks. According to the Federal Reserve, the service is offered to depository institutions that settle for participants in private-sector clearing and/or settlement arrangements. The benefits for financial institutions reduces the duration of settlement risk for participants by providing same-day finality. It also […]

What’s the best funding option for a small to mid-sized business when getting through rough patches? How can you, as a merchant, get easily approved for some extra capital for your company after being rejected by traditional financial institutions? The answers are in the lines below! Modern Lending Game: ACH eCheck Services As you know, bigger lenders or banks like Wells Fargo and Bank of America aren’t willing to finance small businesses. Instead, they prefer to work with large organizations with a proven track record of financial operations. That’s where alternative online lenders and processors step into play with their […]

Are you looking for some innovative products in today’s alternative lending marketplace? What about an ACH loan? What does it mean? Where can you get it easily? Just move forward to learn more on the topic. ACH Loan: Know What It Is An ACH (Automated Clearing House) loan is also known as an ACH advance or cash flow. Automated Clearing House can be described as a way to transfer funds from one bank account to another via direct deposit or direct payment by using ACH transaction banking. Some consider this type of loans a “cash flow” loan. The reason is […]

Paper checks used for small business loan payments are becoming a history. The alternative lending market is increasingly turning to ACH payments. To get more information on ACH payments and ACH business loans, just read this article. ACH Payments ACH (Automated Clearing House) payments are also referred to as eChecks. These payments are being more and more often used for online and point-of-purchase payments. This is also true of B2B (business-to-business) and P2P (person-to-person) payments. The costs associated with ACH payment processing depends on your merchant account provider or the entity you use for ACH payment processing. Automated Clearing House […]