Blog Archives

How to set up your company to pay employees with direct deposit

Pay To - Fbook

If you’re a business owner or manager looking to pay your employees with direct deposit, figuring out where to start can be a little tricky. For instance, should you start by talking to your bank? Or, maybe your accounting software

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Posted in Business Banking

Why your business might should dump Tiered Rate for Interchange Plus

Dumpsters - Web

There are two prevailing schools of thought when it comes to credit card processing fees. And, chances are that—if your business accepts credit cards—you’re set up under one of these fee structures: Tiered Rate or Interchange Plus. Knowing the difference

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Posted in Business Banking

“Form”-ing good ACH compliance habits starts with forms

Even though many payments today are made electronically, the initial setup of these transactions usually requires a physical signature on an actual piece of paper. This is especially true for ACH originators, many of whom use ACH transactions to pay their

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Posted in Business Banking

Four lessons from the Target data breach

Perhaps the biggest media story of December occurred when news broke that the debit and credit card numbers of 40 million Target shoppers were compromised in one of the largest U.S. retail data breaches ever recorded. What made matters worse

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Posted in Banking, Business Banking, Personal Finance

The best (free) way to protect your company from check fraud

Stephen Spielberg’s 2002 film, Catch Me if You Can, depicts the true story of Frank Abagnale, Jr.  The movie, which stars Leonardo Dicaprio and Tom Hanks, opens with a depiction of Abagnale’s 1977 appearance on the popular game show, To

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Posted in Banking, Business Banking

What is “PCI compliance”? And, does it concern my business?

You may have recently received some information in the mail regarding “PCI compliance”.  Or, perhaps you just noticed a “PCI Validation Fee” on your monthly merchant processing statement.  Or, maybe a sales representative for a merchant processor called to inform

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Posted in Banking