Clearly Payments

MAY 22, 2025

Rolling Reserve A percentage of funds held temporarily to protect against chargebacks. Hold When a processor temporarily keeps funds due to risk or issues. Next-Day Funding Receiving funds in your account the next business day. Terminal A card reader that processes physical payments.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

Stax

JULY 9, 2024

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. EFT Payment Meaning] What is an EFT payment?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Payment Savvy

NOVEMBER 9, 2022

In this article, we will answer the question of what an EFT payment is, and we’ll also discuss the different types of ETF payments, the benefits of using EFT payments, and the risks associated with this type of payment. EFT Definition: What Is EFT Payment? History of EFT Payments. Direct Deposit.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

Clearly Payments

MARCH 18, 2024

Payment Trends by People’s Age: Gen Z & Millennials (born 1981-2012): Gen Z and Millennials (those born between 1981 and 2012) are leading the way in using contactless payments. A study by PYMNTS.com found that 54% of Gen Z shoppers like using contactless payments, while only 22% prefer cash.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

Stax

FEBRUARY 28, 2024

TL;DR A payment terminal enables a merchant to take chip card and contactless payments. In the modern economic landscape, it’s essentially a requirement to have a successful business. Previously you would swipe your magstripe card in a payment terminal. Why do merchants need a payment terminal?

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

Stax

NOVEMBER 11, 2024

An ACH payment requires the same information that is on a check , including the name of the financial institution, transaction amount, type of account (checking or savings), and the routing and account number. Simply put, check payments are the analog version of ACH transfers.

ACH 88

ACH Checks Identity Theft Payments 88

EBizCharge

JULY 24, 2024

P2P payment services have revolutionized financial transactions with their convenience. They offer instant transfers and reduce the need to carry cash. While traditional bank transfers can take several business days, depending on the service used, P2P transactions can occur almost instantaneously, depending on the service used.

P2P 52

P2P PCI DSS Encryption Fraud Prevention 52