Payments Primers

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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.

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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? 

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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. 

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Payments Primers
A Beginner’s Guide to Payment Operations

Payment operations has been a challenge of scale for decades. In 1951, as Heinz Company products became familiar in markets all over the world, hundreds of accountants were required to help manage the increasing volume of transactions.

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Payments Primers
A Beginner's Guide to ACH

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

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Payments Primers
How To Decode Any Bank Statement

We've all seen them. Semi-cryptic entries on our bank statements.

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Payments Primers
Answering Common Questions About Real-Time Payments

So it’s no surprise that everyone from major financial institutions to individuals working in accounting to consumers would have questions about a brand new payment method: Real-Time Payments.

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Payments Primers
A Complete Primer to Real Time Payments in the US

You may have heard of Real Time Payments (RTP) and wondered what that is. We thought it would be helpful to create a post that could serve as an overview of RTP, a new payment method that is coming to the US in the next couple of years.

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Payments Primers
A Complete Primer to ACH: Understanding The Four Key Players

In the United States, moving money is big business. The ACH Network moves $51 trillion dollars in 23 billion electronic financial transactions per year. That’s almost 70 payments per person.