Payments 101

The Payments 101 series on PaymentsAPI.com was developed to provide anyone with a foundational overview of the various tenders, organizational entities, security & compliance and developer options to understand the payments industry.

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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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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