Merchant Payment Processing
Commentary: CFPB Supervisory Highlights Report (Fall 2015, Issue 9)
Topics: Merchant Payment Processing
On November 3, 2015, the Consumer Financial Protection Bureau released their Fall 2015 Supervisory Highlights Report. The report highlights supervision work generally completed between May 2015 and August 2015. The…
What is an ACH payment, and How Can It Save You Money?
Topics: Merchant Payment Processing
If you’re wondering what an ACH payment is, you’re certainly not alone. Below is an overview of some of the basics of what an ACH payment actually is, what some…
How to Understand Convenience Fees
Topics: Merchant Payment Processing
Perhaps the key to understanding what convenience fees are is to understand what they are not. Convenience fees are not surcharges, which are costs added simply for the privilege of…
Understanding the Effective Rate
Topics: Merchant Payment Processing
The effective rate is the most accurate way to measure the competitiveness of a merchant processing quote. It shows the amount of volume a business pays in credit card processing…
