The Most Forgotten Part of Taking a Consumer Payment

consumer payment

Is consumer payment processing a commodity? Are all payment providers the same? Is cost the only consideration? No, no and no. The average business owner buys many products and services based on price because they view them as commodities. Payment processing may seem like just another commodity to purchase for your company but thinking this way is a big mistake. …

New NACHA Limits Driving ACH Return Payments Off a Cliff

New NACHA Limits Driving ACH Return Payments Off a Cliff

Archery is an exact sport. Competitors must hit a 122 centimeter (4 foot) target from a distance of 70 meters or 230 feet. That’s the distance of one and half Olympic size swimming pools or hitting the field goal posts from the 20 yard line on your opponent’s side of the football field. Hitting the bullseye is even more challenging …

What Pokémon Go Can Teach the ARM Industry about Smart Phones

What Pokémon Go Can Teach the ARM Industry about Smart Phones

Share this ArticlePokémon Go hit the game app world by storm and became an overnight sensation with millions using their smartphones to “capture” Pokémon scattered across the world. What can the massive success of this child’s game teach the ARM Industry? The answer is sitting on your desk. The popularity of the Pokémon Go app highlights the importance and even …

Recurring Payment Processing and Regulation E Compliance

Recurring Payment Processing and Regulation E Compliance

Updated June 2021 No matter what business you’re in, taking payments brings more regulations you must follow. For instance, companies that use recurring payment processing need to maintain Regulation E compliance during Electronic Funds Transfers (EFTs). How do you know when Regulation E applies to a transaction or payment schedule within your business and how can your payment software tools …

Payment Processing Services: 3 Factors In Vendor Selection

Payment Processing Services: 3 Main Factors to Consider When Choosing a Vendor

Updated March 2021 Many companies shop for payment processing services based on cost. For collection agencies, using this criteria may not lead you to the best software for your company. This is because not all payment processing services are the same. Some payment softwares are designed with other industries in mind and don’t offer the features your consumers and your …

Staying Compliant with Regulation E

Staying Compliant with Regulation E

Share this ArticleUpdated September 20, 2019 Consumer habits are hard to change. Think about when you first were introduced to online banking or online shopping. Were you hesitant? Now, think about how commonplace online banking and shopping have become. In fact, once people adopt new technologies, their behaviors become so automatic, they barely remember how foreign their actions once seemed. …