Blog

What is the CFPB and Why It Matters

by Latoya Irby Articles
The subprime mortgage crisis of 2007 led to one of the worst recessions in U.S. history and subsequently to the creation of the Consumer Financial Protection Bureau. Here’s an overview of the bureau and why it matters...

What’s a Good Credit Score?

by Latoya Irby Articles
There’s a three-digit number that almost every company you do business with uses to decide whether to approve your applications. And if your number isn’t good, your applications may be denied, or if you are approved, you may have to pay a higher cost...

Why Do ACH Payments Take So Long To Settle?

by Latoya Irby Articles
While there are benefits to accepting ACH for payments, like lower processing costs and ability to set up recurring transactions, the settlement process is notoriously long compared to debit and credit transactions. ACH payments are processed electronically, so why...

What to Do If Your Wages Are Being Garnished

by Latoya Irby Articles
A wage garnishment happens after an attorney gets court permission to take periodic payments from your wages to satisfy an outstanding balance on your account. While a garnishment can take you by complete surprise, it’s often...

Stop Collecting Rent Checks

by Erick Bzovi Articles
A wage garnishment happens after an attorney gets court permission to take periodic payments from your wages to satisfy an outstanding balance on your account. While a garnishment can take you by complete surprise, it’s often...

Dropped By Your Payment Processor? What Now?

by Latoya Irby Articles
The livelihood of your business depends heavily on your ability to receive payments from your customers. So, if your payment processor terminates your merchant account, your business is pretty much on hold until...

The Problems Facing Remotely Created Checks

by Latoya Irby Articles
Remotely created checks are a relatively convenient way to take payments from customers – and for years, RCCs or telechecks were a preferred method for consumers to pay bills and merchants to accept payments. However, RCCs have become so risky...

Why Multiple Merchant Accounts Are Better For Attorneys

by Latoya Irby Articles
Most attorneys are familiar with IOLTA or Interest on Lawyers Trust Accounts. The purpose of the account is to house client payments and settlements until it’s ok to move the funds into your operating account or remit funds to your client...

The Big Difference Between Credit and Debit Card Transactions

by Latoya Irby Articles
Credit cards and debit cards are two of the most popular types of electronic payments. The two are so similar, it’s hard to tell the difference. Depending on how the consumer chooses to use their debit card, it may...