The establishment of the Clearing for the 21st Century Act, widely known as Check 21 Act has, as we have previously noted, summoned a variety of conveniences in America’s everyday money-moving. The very process of banking institutions’ mutual check clearing started relying significantly on electronic, […]
Can you fax a check? Yes! In fact, one of the most common ways today to send a check is by fax, and it is an excellent option for secure delivery to a check recipient. In fact, sending and receiving checks by fax is one of the most preferred ways for companies to accept payments.
There are no doubts: it is very challenging to lead any sort of business, no matter its size and influence. Several factors, including not circulating the same amounts of money as large businesses, understaffing and having multiple types of work at a single job position can turn an otherwise exciting and fulfilling experience […]
Bank deposit fraud is a frequent crime happening with many banks throughout the world. Kiting is a deposit fraud type that does not occur that often; however, this type of scam, even though much rarer, can bring devastating consequences to the banking institutions.
In the words of Sydney Hicks from the […]
Tax season, dreaded by many, comes around the corner annually and never fails to prove to be a true pain in the neck. Forgetting slight details or making simple mistakes can easily create tax return delays – no vigilant taxpayer wants that. To prepare for this season, we assembled a small business […]
Checks are financial documents used to order a specific banking institution to distribute a certain amount of money. Checks are extended by an issuer to another party (company, person, or governmental entity) which we call a bearer. Naturally, with various parties transferring all sorts of funds, there are several different types of […]
ACH and Wire Transferring are considered to be the dominant money transferring methods of today. With these ever-growing services being available to the wider platform of users, we heavily encourage you to compare with us the basic differences of ACH and Wire transfers.
Automated Clearing House: Basics
ACH (Automated […]