The better ACH alternative for clients in need of same day or next day funds availability and recurring billing

For high average ticket B2B payments and recurring direct debit payment processing

If you are looking for an accounts receivable alternative to ACH payments that allows you get your money quicker, then you’ve come to the right place. We are payment consultants and offer our clients a better alternative to ACH that allows them to send and receive money same day or next day to and from nearly any US bank account.  We can show you how to collect your money faster and easier.  Nearly, any business or organization that has proper authorization and legal authority to directly debit their customer’s bank accounts is a potential customer for this program.

Read moreThe better ACH alternative for clients in need of same day or next day funds availability and recurring billing

Merchants Can Now Charge Surcharge Fees on Credit Card Transactions

Effective January 27, 2013, merchants in the U.S. (excluding merchants within California, Florida, Texas, New York, Massachusetts, Connecticut, Colorado, Kansas, Maine and Oklahoma) can start charging surcharge fees.  If you are in these states, you are not allowed to charge a surcharge fee.

Which States allow merchants to charge surcharge fees on credit card transactions and which States prohibit merchants from adding surcharges?

which-states-allow-surcharge-fees-on-credit-card-transactions

Read moreMerchants Can Now Charge Surcharge Fees on Credit Card Transactions

Debit Interchange Going Down 40% in October

Effective October 1st, 2011, the Fed will begin enforcing debit interchange rules that cap bank fees at $0.21 and 0.05% (5bp).  In addition to lower fees on debit transactions, the amendment also enforces the right to choose at least two unaffiliated PIN debit networks (“the ATM network”) and disallows efforts to restrict choice.

Your debit interchange fees are going down 40% in October 2011.  As signature debit cards are sometimes the most popular payment method this could mean big savings.

If you like the sound of that, what if you could start saving 40% on debit now?

We need to talk.

Read moreDebit Interchange Going Down 40% in October

Hypercom End-of-Life Notice for Optimum L4250 Payment Terminal

July 1st, 2011 – Hypercom released an end of life notice for the Optimum L4250 payment terminal.  Hypercom will cease taking orders and end development on October 31st, 2011.  The end of service date was set at January 31st, 2015 when service and repair support will be discontinued.  Hypercom recommends customers to begin planning migration strategies to L5000 series multi-lane payment terminals.  See Hypercom EOL Letter L4250.

New Interchange Regulations Announced

Searching for an update on the new interchange regulations just announced?  Get the skinny here.  If you are a merchant, this is what you need to know.

On June 29, 2011, the Federal Reserve Board (FRB) approved the final regulations for section 920 of the Electronic Fund Transfer Act as amended by section 1075 of the Dodd-Frank Act.

Although all parties have yet to determine the complete costs of both Signature Debit, and Pin Debit interchange, we would like to share the information provided to date.

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