Stax

APRIL 3, 2025

They can range from traditional payments, such as credit/debit cards and ACH payments , to modern alternative methods, such as digital wallets, mobile transactions, Buy Now Pay Later (BNPL), and cryptocurrency. This means the sub-merchants dont have to go through the lengthy and arduous underwriting process.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

My Payment Savvy

JUNE 16, 2025

Most gateways accept credit and debit cards, but some also handle electronic payments through digital wallets, ACH direct debit, and alternative payment options. The application process typically starts with basic information collection, followed by underwriting review.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking PCI DSS 52

Stax

NOVEMBER 14, 2024

Your account will then be approved by underwriters for a certain amount of money per transaction based on your business type, processing history, and ticket size. If you process sales that are outside of that approved range, the underwriters will issue a risk hold. Plus, there are no hidden fees, no contracts, and no markups.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

JULY 28, 2017

The good news is that Same Day ACH is on the way, but experts continue to discuss how the initiative will impact corporate payments, if at all. At the center of many of these discussions is the issue of ACH underwriting, which sees FIs establish how long it takes for funds to actually settle into an account.

Same Day ACH 41

Same Day ACH ACH Underwriting Payments 41

Stax

JUNE 17, 2025

Faster onboarding and approvals ISOs often have more streamlined underwriting and approval processes compared to traditional banks. Capabilities like ACH transfers , invoicing , recurring billing , etc., Independent Sales Organizations typically work at a smaller scale and are thus more accessible to merchants.

ISOs 88

ISOs MSPS Credit Cards Acquirers 88

PYMNTS

SEPTEMBER 22, 2016

In a press release , the company said that it removed a barrier for acquirers and ISOs by simplifying the option to add ACH and Remote Deposit Capture for new and existing card merchants. Linked2pay, the platform provider of Bank Centric Payments, announced on Wednesday (Sept.

Automation 62

Automation Remote Deposit Capture ISOs ACH 62

PYMNTS

JULY 31, 2019

For the lenders, McGuire added, it’s hard to underwrite borrowers comfortably without a wealth of data or a pre-existing relationship in place. ACH or global ACH do not settle on the same exact day). Small business owners may have to divert time away from their businesses to grapple with paperwork.

Faster Payments 69

Faster Payments Payee Payments Underwriting 69

PYMNTS

MAY 7, 2020

The breakthrough of CustomerConnect is how it packages and automates the risk management tools used by experienced underwriters and makes them readily available to businesses,” said Frank Boccalatte, chief risk officer at linked2pay, in the release. “It Banks and resellers will be able to white label CustomerConnect, too, the release states.

Automation 60

Automation Gateways Risk Management Underwriting 60

PYMNTS

MARCH 3, 2020

In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. Unfortunately, said Spear, many businesses fail to standardize and automate many of these processes. The Outsourcing Decision.

Accounts 74

Accounts Underwriting Reconciliation Credit Limit 74

Finovate

NOVEMBER 6, 2024

The New York-based company offers daily collections through ACH and credit card processors, public data and credit searching, as well as merchant interviews for underwriting, detailed reporting, daily collections, and more. Founded in 2014, LendSaaS has funded $6 billion and processes more than $16 million in average daily ACH volume.

AI 52

AI Fraud Detection Origination ACH 52

Stax

DECEMBER 27, 2023

Setting up a merchant account involves choosing the right merchant account provider for your needs, identifying your type of business, submitting an application, and undergoing an underwriting process to assess risk. Request Quote What Is a Merchant Account? Be prepared to answer questions about: Your expected transaction volumes.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

PYMNTS

JULY 18, 2017

Applicants can find out within seconds whether they’ve been approved, and some can receive money as soon as the next day via ACH – all without providers lifting a finger of their own. It then begins the underwriting process for approved applicants.

Underwriting 58

Underwriting Verification Payment APIs and Integration Credit Risk 58

Payment Savvy

AUGUST 4, 2021

You can accept credit and debit cards and other electronic payment modes consumers use with a merchant account – such as ACH. This can include credit card payments, debit-only, ACH, and even digital wallets. Bank Underwriting. We recommend working with an experienced partner to ensure a smooth underwriting process.

Accounts 52

Accounts Identity Theft Underwriting ACH 52

PYMNTS

DECEMBER 30, 2020

Yes, many organizations shifted the needle away from the paper check toward ePayment tools like commercial cards and ACH as a result of necessity. With some alternative lenders' lacking the same underwriting scrutiny of traditional banks, taking on too much risk could pose a serious problem.". Shifting Business (And Payment) Models.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

FEBRUARY 20, 2020

Continued reliance on employees footing the bill — and the use of a company debit card or ACH — means a lost opportunity to capture cash-back rebates, as well as capture employee transaction data directly to ensure purchases are authorized and optimized.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

PYMNTS

JULY 7, 2020

Many traditional lenders, meanwhile, are still relying on paper-based or outdated digital underwriting processes for payment approvals once government bodies give them permission to review these applications. They may well determine that even digital disbursement methods such as ACH payments are no longer swift enough to fulfill SMBs’ needs.

Checks 55

Checks ACH SWIFT Direct Deposit 55

PYMNTS

DECEMBER 22, 2020

LeafLink Financial has stepped in to facilitate trade credit to the industry, addressing key pain points like the challenge of lenders to underwrite businesses in the sector, most of which are new without robust financial histories.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

PYMNTS

MAY 15, 2017

Right now there is the check, but opportunities are opening to move payments to the ACH rails or commerce card capabilities. The bank can’t underwrite to the consumer whose profile doesn’t fit their balance sheet, but through an API relationship with a third-party lender, the customer can be smoothly handed off.

Payment APIs and Integration 60

Payment APIs and Integration FinTech API Underwriting 60

Stax

APRIL 17, 2025

Relationship with a sponsor bank At a high level, the role of a sponsor bank is to ensure that the funds paid by end customers make it through to the sub-merchant and ACH payments make it through to the processor. Many payment partners may boast high residual splits but may not be quite transparent in their dealings.

ISVS 88

ISVS Payment APIs and Integration API Underwriting 88

Fintech Finance

APRIL 17, 2024

Merchants can also process ACH transactions and payments by check via the ARISE Payment Platform. ARISE achieves this while giving merchants unparalleled oversight of their finances; merchants can receive their ARISE Smart Terminal, be up and running, and accept payments in minutes.”

Stop Payment 52

Stop Payment Payment APIs and Integration ISVS Payments 52

PYMNTS

MAY 18, 2018

That’s why he said CanPay went with a debit approach, leveraging the ACH payment rails instead of an intermediary. Offline, if a merchant gets submitted to an underwriter as a flower shop, that can be hard to verify. Online, it’s easy for underwriters to see what a business is really selling.

Online and Mobile Banking 45

Online and Mobile Banking Underwriting Regulations ACH 45

M2P Fintech

MARCH 28, 2024

Automated Clearing House (ACH) The ACH is a central system for electronic fund transfers, facilitating swift, secure, and cost-effective movement of funds between financial institutions. AUAs verify the identities of an individual, while KUAs access KYC details with user consent.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

AUGUST 26, 2016

Yantra noted in a release that disbursement of funds can be initiated via application programming interfaces, commonly known as APIs, and can be facilitated across channels as varied as ACH transactions, cards and internal payments. “The challenge is to speed up the lending process.”.

B2B 41

B2B Direct Deposit Small Business Underwriting 41

PYMNTS

JUNE 11, 2019

While Axos supports ACH payments, and while Garrabrants said the bank is embracing faster payment functionality, in small business banking, these advancements in payments technology must be carefully applied to the SMB community. The bank also operates an API platform that includes the ability to integrate wire payment functionality.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

PYMNTS

DECEMBER 9, 2019

Second is the concept of digital exchange of data between credit unions, critical for an array of processes from loan underwriting to payments. The CUPay solution will initially support EFTs — which include ACH transfers and wires — between credit unions. . “The biggest weakness a payment has is anonymity,” Esser said.

Credit Union 54

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54

PYMNTS

DECEMBER 14, 2017

Cottrell noted that a master merchant or merchant of record takes on all the liabilities – but, in linking up with the underwriting institution, questions arise. Along with underwriting (which itself takes a lot of work) comes policies and procedures that govern KYC and anti-money laundering (AML) processes.

Facilitators 44

Facilitators Underwriting Legal Gateways 44

Nanonets

JANUARY 14, 2024

Payment Delays: Payments made through ACH or Wire can take up to several days before hitting the bank. An inbound payment of $2,000 through ACH was processed four days after it was initiated. Outstanding Checks - Checks issued to vendors might not be submitted but accounted for in the ledger.

Reconciliation 52

Reconciliation Adjustments Checks Duplicate 52

PYMNTS

OCTOBER 24, 2017

In that more streamlined world – where technology and algorithms automate the work of manual underwriting – borrower can get decisions in minutes, as opposed to days or weeks. “[But] In the world of payments, Edwards noted, even “same-day” ACH can be slow. The Power Of Instant.

Debit Card 40

Debit Card Push-to-Card Same Day ACH Small Business 40

PYMNTS

NOVEMBER 19, 2019

The big change in lending, he said, has been the banishment of the time-consuming, paperwork-heavy model of bank-based underwriting, which was supplanted by an automated process that a consumer could complete end-to-end in a few minutes to get a loan decision almost instantly. The customer is approved and voila!

Instant Payments 43

Instant Payments Online and Mobile Banking Remote Deposit Capture Push-to-Card 43

Nanonets

AUGUST 16, 2024

offers secure, real-time payment solutions for claims disbursement via ACH , credit cards, and digital wallets. Lemonade’s AI bot “Jim” processes claims instantly, assessing eligibility and disbursing payments within minutes for simple claims. Explore Nanonets AI for Insurance

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Stax

MARCH 15, 2025

This includes underwriting, risk management, and settlement experiences, which have been traditionally managed by third parties. There’s the underwriting process, which vets merchants and ensures that they’re qualified to take payments. mobile payments, SMS payments, ACH, eChecks, etc.).

Enrollments 88

Enrollments Payment APIs and Integration Payments Online and Mobile Banking 88

Stax

AUGUST 20, 2024

There are several forms of embedded insurance: Singular policy – This is where companies underwrite the policies themselves and incorporate them into their checkout flows. Their platform seamlessly integrates with the Stax Connect API to help its customers accept ACH , eChecks, and card payments.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

Fintech Labs Insights

OCTOBER 20, 2015

Set up ACH payment authorization. While the bank sets the underwriting rules, LendKey holds the paper on the loan. LendKey facilitates the lending institutions’ involvement by using in-house expertise to adapt their underwriting for the online audience. Here’s the process: Fill out application. Review application.

Credit Union 23

Credit Union Underwriting ACH Payment Amount 23

PYMNTS

NOVEMBER 12, 2019

When we work with an emerging player, we make them go through a full underwriting process because we know these marketplace transactions are going to get a lot of scrutiny, and we only want to work with players that are up to withstanding it.”. Those types of services, he noted, offer two-fold benefits.

Regulations 47

Regulations Innovation Returns Debit Card 47

Fintech Labs Insights

MARCH 1, 2016

HQ: Riga, Tags: SMB, B2B, ACH, electronic payments, virtual card, insurance claims. Tags: SMB, B2B, ACH, electronic payments, virtual card, insurance claims. Receivables financing for small business. Latest round: Undisclosed Seed. Total raised: Unknown. HQ: Bangalore, India. Source: Crunchbase. Blockchain-based rewards platform.

FinTech 15

FinTech ACH Point-of-Sale (POS) B2B 15

Stax

JANUARY 10, 2024

The merchant category code (MCC) assigned by the credit card issuer will identify As a result, they may be charged higher processing fees to cover higher compliance costs and underwriting. This means the cost of the transaction is no longer absorbed by the merchant, but by the cardholder.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Wharton Fintech

MAY 2, 2024

We have the banking license, we have the technology to process an ACH transaction, but then Plaid can help us make that process of paying with a bank account for a consumer incredibly seamless. We saw more recently pay by bank solutions growing. And thats where, for one of the areas where this partnership with Plaid becomes strategic for us.

Global Payments 130

Global Payments Payments Small Business Use Case 130