What is the NACHA API standardization?
While application programming (APIs) have long been basic components of communication between different apps, there is not yet standardization for them.
American Express Anti-Steering Supreme Court Case
You may have heard that a case involving American Express went to the Supreme Court. The case, Ohio v. American Express, determined whether businesses are allowed to suggest customers use lower cost credit cards when paying for purchases.
Venmo for Business
With bill splitting apps like Venmo rising in popularity, especially among younger demographics, many businesses are wondering about accepting those payment methods directly. While Venmo does allow for business use, there are limitations – as well as some concerns – to be aware of.
High Risk Merchant Accounts
In credit card processing, certain businesses are considered “high risk” and will need a processor that specifically supports those business types. But there’s some confusion about what exactly “high risk” means.
Fighting Fraud with Machine Learning
Fraud remains a thorn in the side of businesses, credit card processors, and customers. In fact, credit card fraud created losses in the billions every year.
Should Your Business Go Cashless?
The way we pay for things is changing. The wide availability of credit cards, debit cards, contactless payments, and online shopping has transformed our payment options.
Mastercard and Visa Limited Acceptance Programs
As a small business owner, you may wonder if you can accept only debit cards or only credit cards. The short answer is yes, but there are rules you’ll need to follow and considerations before making that decision.
Saving Money with Interchange Optimization
Interchange optimization goes beyond the basics of credit card processing. It’s about making sure that your interchange charges (the fees going to the banks that issue credit cards) are optimal for your business and that you’re avoiding downgrades.