Online payment

What is an eCheck? All About Electronic Check Payment

Making payments electronically is one of technology’s future gifts we can enjoy in the present day. In fact, most people already utilize electronic payment systems without knowing it. Gym memberships, for example, are often referred to as automated payments but really, they’re fulfilled via electronic checks.  While eChecks are easy to use and understand, there’s […]

Bank Routing Numbers

All You Need to Know About Bank Routing Numbers

Just like you have nine digits assigned to your identity, your bank account has nine digits to identify it and cement its association with you. This unique numerical string is known as your routing number. While routing numbers are typically undiscussed outside of sending and receiving money to your bank account, they have quite the […]

Deposit Check with Cell Phone

The History of RDC – Remote Deposit Capture

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, as opposed to standard, physical check copies. However, this method […]

Outsourcing

Why Businesses Should Outsource Their Bookkeeping?

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 of being […]

What are the Different Types of Bank Checks

What are the Different Types of Bank Checks?

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 checks, and here […]

The Difference Between ACH and Wire Payments

The Difference Between ACH and Wire Payments

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 Clearing House or Automated Clearinghouse) was […]