From the monthly archives:

June 2010

What is Remote Deposit Capture?

June 30, 2010

Payments 101 provides an overview of an additional service that turns paper checks to electronic checks- Remote Deposit Capture (RDC). Remote Deposit Capture allows a merchant to scan a paper check and remit the scanned image via a secure connection to their bank as a digital deposit. This differs from

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What is Check Conversion?

June 29, 2010

The Payments 101 series explores other services utilizing the ACH network. Check Conversion is the process of converting paper checks into electronic payments. In instances where a consumer presents a paper check to a merchant, the check is scanned or processed through

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Payments 101: What is ACH?

June 28, 2010

How a Paper Check Becomes an Electronic Check ACH (automated clearing house) transactions are electronic check transactions that leverage an existing, inter-bank, network between financial institutions to remit payment. Referencing the image below of a traditional ACH workflow,

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Messages From The Edge: Taking Care of Customers – Payment and Provider Choice in APIs

June 24, 2010

When a Software Company or Developer references “open” they are often speaking to the availability of choice. Choice in tenders offered and choice in providers leveraged coupled with choice in their development tools. Regrettably, the concept of “open” is foreign to

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Payments 101

June 23, 2010

As more and more businesses move toward the convenience of electronic payments, business owners increasingly rely on their software company or developer to act as a trusted adviser regarding critical payment infrastructure decisions. And, while the software companies we work with can consistently be counted on to develop exceptional workflows and user experiences, most are [...]

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Payments 101: What is Credit Debit?

June 23, 2010

The Process of Credit and Debit Transactions Explained The credit/debit card is the simple plastic card used to initiate a transaction between a customer and a business (the Merchant) in exchange for goods or services. However, the transaction path associated with that card is anything but simple.

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Weekend Reading: Payments Blogs

June 19, 2010

We didn’t want to leave you with an empty RSS over the weekend, so we’ve provided a roundup of some posts and articles we found interesting. These aren’t necessarily API or payments specific, but closely related. So, kick back and enjoy… First Things, First. You’re Invited… You are hereby invited to

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Messages from the Edge: API Choice

June 17, 2010

Choice and Flexibility are Essential for Software Companies when Selecting a Payments API Early in the life of a Software Company an important decision is made.  This decision is often based on the expertise and preferences of the company’s first technologist and will impact nearly every other decision the company makes; from the developers they [...]

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Messages from the Edge: An Introduction

June 16, 2010

One of the most important things happening in payments today is a mounting discussion and associated activity surrounding the topic of “open APIs”. Everyone, from Service Providers to Issuers, is talking about the concept, with hopes of collecting coveted feedback from an increasingly influential target market. As the developer of

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