Payments Primers

09
-
15
-
20
Payments Primers
What is Direct Transmission?‍

‍‍When evaluating options for payment processing, one option to consider is working directly with your bank. The term for this setup is called “direct transmission.”

07
-
28
-
20
Payments Primers
What Are SWIFT Codes?

Originally taking place over telegraph, the means of sending wire messages have been replaced: first by the telephone network, and then it in turn by the internet. Yet the core idea of how wire transfers work has remained the same.

07
-
24
-
20
Payments Primers
How RTP Works: A Look at ISO 20022

Among the many improvements that Real-Time Payments brings to the money transfer ecosystem, one of the most overlooked is its adherence to the global standard ISO 20022.

05
-
27
-
20
Payments Primers
The Difference Between A Third-Party Sender And A Third-Party Service Provider

In payments, there are two common setups: third-party sender and third-party service provider. For any company that needs to move money, it’s good to understand the differences.

04
-
02
-
20
Payments Primers
ACH Timings

ACH money movement is a common payment method for money transfers or automated payments. It’s relatively easy and cheap, but timing can be confusing. Since we get so many questions around ACH timings, we wanted to clear up timing for companies utilizing ACH and what they can expect.

06
-
04
-
19
Payments Primers
Why Do We Call ACH "eChecks"?

An eCheck is a payment method that businesses use to charge an individual or another business. It utilizes the Automated Clearing House (ACH) system to move the money between bank accounts. eChecks support a diverse set of use cases, from rent and utilities to medical payments and business invoices.

08
-
28
-
19
Payments Primers
What Happens When You ACH a Dead Person?

When an ACH return occurs, the payment is reversed. This means that if you had paid someone, the money will come back to your account. Or if you had charged someone, you will lose the money you thought you received. But how does that reversal happen? 

09
-
11
-
19
Payments Primers
Programmatically Managing Paper Checks: How Lockboxes Work

Lockboxes are a great solution for businesses who don't want to deal with the hassle of paper checks. 

02
-
20
-
21
Payments Primers
A Beginner’s Guide to Payment Operations

Payment operations are the workflows that move money for companies, from payment initiation and processing approvals, to reconciliation and managing transaction issues.

03
-
18
-
19
Payments Primers
A Beginner's Guide to ACH

ACH, or Automated Clearing House, is an electronic network used to communicate financial transactions.