FinTech – Page 14 – Eugene O'Rourke

5 Things Your Company Should Know About Recent NACHA Rule Changes

Eugene O'Rourke
February 23, 2016

There are big changes coming to the world of electronic payments. NACHA, the electronic payments association that develops the operating rules and business practices of the automated clearing house (ACH),…

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Five Popular Myths About Merchant Service Providers Explained

Eugene O'Rourke
November 19, 2015

1. All transactions are processed at the same rate. A key challenge for businesses is how to understand interchange or swipe fees, which is what a merchant processor will charge…

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Understanding the Effective Rate

Eugene O'Rourke
September 25, 2015

The effective rate is the most accurate way to measure the competitiveness of a merchant processing quote. It shows the amount of volume a business pays in credit card processing…

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Tips on Choosing a Merchant Processor

Eugene O'Rourke
September 24, 2015

A merchant account is required to accept card payments. Use the tips below to avoid these common mistakes when selecting your merchant service provider. 1. Pricing & Rates One of…

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Understanding Merchant Account Pricing or Swipe Fees

Eugene O'Rourke
September 23, 2015

Interchange fees (the cost from Visa, MasterCard, or Discover) vary based on a number of factors, such as the card type, (premium, rewards, debit, and so on), your standard industry…

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