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

Don’t like your business name? Change it!

Surfshop

Having second thoughts about the name of your business? I have the solution to your problem. It’s called an Assumed Name or “Doing Business As” Certificate. Most people refer to such a thing simply as a DBA. Help!  I’m a square

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Posted in Banking, 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

Mom says, “Eat your vegetables.” Your banker says, “Hire an accountant.”

Eat Your Vegetables

My mom made my brother and I believe that eating spinach would give us biceps like Popeye’s—steaming battleships included. While none of the four biceps among us ever grew to a size adequate enough to attract a woman the quality

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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

Target Data Breach: What should you do?

Electronic Account Protection

If you’ve watched or read the news lately, you likely already know that U.S. retailer Target announced on Thursday that—from November 27 to December 15—debit and credit cards swiped using in-store terminals at locations across the United States may have

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Posted in Banking, Business Banking, Personal Finance