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BluePay Blog

Should Your Business Still Accept Checks?

Posted on Jun 11, 2019
According to historians, the first check was invented in ancient Rome, around 352 BC. It took a couple thousand years for the concept to really catch on, with checks enjoying their heyday during the 20th century.  Despite the advent of faster, cheaper, and more secure payment options, checks remain surprisingly popular. According to the Federal Reserve, Americans write nearly 17 billion checks annually — with an estimated payment volume of $26 trillion.
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Topics: ACH/eCheck Payments, Small Business Tips, Getting Started with Payments

Wire Transfer or ACH: Which Should You Use?

Posted on May 16, 2018
Wire transfers and the Automated Clearing House (ACH) network are two of the most popular ways to send and receive money electronically. In fact, both methods are so common that they’re often used interchangeably.  For many applications, wire transfers and ACH are essentially the same. But as a merchant, it’s important you understand how these two platforms differ. Doing so allows you to choose the right payment option for your business.  Let’s take a look. 
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Topics: ACH/eCheck Payments, Recurring Billing and Electronic Invoicing, E-Commerce and Online Payments, Small Business Tips

The Rise of B2B Digital Payments

Posted on Apr 18, 2018
Digital payments have grown rapidly as a preferred payment option among consumers, but not so quickly among businesses. Often slow to advance to new technologies due to lack of knowledge about the benefits, business owners stick with their tried and true payment methods like checks, cash, and credit cards.  Over the course of the last few years, the B2B payments space has expanded. According to Deloitte, global B2B payments are set to reach $23.1 trillion by 2020. With that growth, businesses still want to make sure they are getting the best services, pricing, and security for those transactions. 
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Topics: ACH/eCheck Payments, B2B, E-Commerce and Online Payments, Payment Trends

Expand Your Payment Options with Electronic Funds Transfers

Posted on Aug 11, 2017
As the name implies, an electronic funds transfer (EFT) describes the process by which parties send and receive money (i.e., “funds”) through electronic channels. Although the term is often used interchangeably with Automated Clearing House (ACH) payments, EFTs encompass a much broader range of payment options, including wire transfers, e-checks and even PayPal. 
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Topics: ACH/eCheck Payments, Financial Institutions, Consideration

Accepting ACH Payments Comes with Responsibilities

Posted on Feb 16, 2017
Automated Clearing House (ACH) is a government-regulated electronic network through which financial institutions can transmit funds back and forth. The process is similar to credit cards, except that senders and receivers use bank routing codes instead of traditional 16-digit credit card numbers.
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Topics: ACH/eCheck Payments

ACH Fraud: What Business Owners Need to Know

Posted on Feb 16, 2017
ACH payment processing refers to payments made through the Automated Clearing House (ACH), which is a federally regulated network of electronic transactions that allows banks to send money back and forth. Though advanced ACH security is heavily implemented by the National Automated Clearing House Association, ACH is no different than credit card processing when it comes to security risks and fraud. No matter what type of payment is being used, merchants and consumers must be aware of the risks involved. Read on to learn about ACH check payment processing and ACH fraud.
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Topics: ACH/eCheck Payments

Check Payments at the Point of Purchase Declined 12% in Q1 2014

Posted on Feb 16, 2017
Writing paper checks at the cashier counter used to be the standard payment method for in-store purchases (second only to cash). Using these checks can be a bit inconvenient for those standing behind you in line, but we've all done it (or know folks who have).
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Topics: ACH/eCheck Payments

Consumers Prefer One-Time ACH Payments

Posted on Feb 16, 2017
There’s no question many consumers appreciate the speed and convenience of ACH payments. Although recurring ACH payments are becoming increasingly popular in certain segments, the majority of shoppers still prefer one-time ACH payments.
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Topics: ACH/eCheck Payments

E-Check and Mobile ACH Payments Grew 10% in Q1 2014

Posted on Feb 16, 2017
The days of paper-based checks are numbered. The United Kingdom has already begun phasing out paper checks completely. And even in the United States, the federal government will no longer issue Social Security payments via the postal system.
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Topics: ACH/eCheck Payments, Mobile Payments, E-Commerce and Online Payments

Recurring ACH Payments Remain a Favorite of Billers

Posted on Feb 16, 2017
According to NACHA – The Electronic Payments Association, billers prefer ACH payments rather than credit card payments. Specifically, they prefer recurring ACH payments. As a business owner, you’ve probably considered ways to set up recurring payments for customers. Here are a few advantages of recurring ACH payments for businesses.
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Topics: ACH/eCheck Payments, Recurring Billing and Electronic Invoicing

Welcome to the BluePay Blog!

Whether you're a small business, an enterprise corporation, a financial institution, or a software partner, we have created a series of blog posts to help you and your customers, learn more about the complex nature of payments. Take a look to learn how payments can help to simplify your business operation, and may even help to grow your revenue.

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