As more consumers are growing weary of credit card fraud, they are less likely to use credit cards as a payment method when shopping online. They are looking for payment methods that offer more security, with a seamless, efficient, and fast processing as a credit card payment. Top 12 Things To Know About Electronic Checks 1. What Is an eCheck?...

As we continue to move into a more “electronic world” the speed at which payments take place has become vitally important. Echecks or electronic checks allow businesses and customers to make payments quickly.  Some vendors and customers are not comfortable providing their banking information for wire transfers or ACH payments, but they still want to receive their payments in a...

Echecks, or Instant eChecks, also known as electronic checks, are electronic payments that are made from a customer’s checking account. Another way of looking at it is that it’s a “virtual version” of your everyday paper check. When customers pay with an eCheck, as a form of payment, the funds go to the merchant’s business bank account by way of...

First Data’s white paper, “Electronic Checks: The Low-Risk, Low-Cost Way To Accept Online Payments”, highlighted what drives customers to make their buying decisions. Payment options factored greatly in most customers’ decisions as to “where” they shop online. For most consumers, a shopping experience may end unfavorably if they are not able to find their most preferred method of payment during...

Banks have always processed checks manually and deposited the funds into the user’s bank. It would typically take days for the funds to appear on and be ready to use in that account.  Thankfully, technology has made vast improvements that have allowed for these payments to be carried out electronically from an individual’s checking account. This is done by using...

In our rapidly changing world of finance, getting paid securely and efficiently is always a top priority for all parties involved in a transaction. eChecks, also known as electronic checks, are yet another payment method that aims to fulfill these goals.  Electronic checks are an alternative to traditional paper checks and were created to be processed digitally. In order to...

In today’s business climate, it always pays to offer a variety of payment methods to suit every consumer’s preference on the market. Offering convenient payment types ensures that both customers and small businesses keep the money flowing easily and securely.  An eCheck Defined The best way to describe eChecks is that it is essentially a “digital version” of a paper...

With so many payment options coming to the fore, eChecks have been gaining ground in the last decade. In a Federal Reserve Payment Study in 2016, it was discovered that ACH payments grew at a yearly rate of 4.9 percent from 2012 to 2015.  The Most Popular Questions About eChecks With Answers Businesses that are interested in accepting eChecks as...