BluePay Blog

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.

Topics: ACH/eCheck Payments, Small Business Tips, Getting Started with Payments

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. 

Topics: ACH/eCheck Payments, Recurring Billing and Electronic Invoicing, E-Commerce and Online Payments, Small Business Tips

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. 

Topics: ACH/eCheck Payments, B2B, E-Commerce and Online Payments, Payment Trends

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. 

Topics: ACH/eCheck Payments, Financial Institutions, Consideration

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments, Recurring Billing and Electronic Invoicing

Automated Clearing House (ACH) is a federally regulated electronic network used by banks to send and receive bill payments, e-checks, direct deposit statements and other types of transfers. This interbank network is similar to what financial institutions use for wire transfers, but ACH usually works best for batched, automated or recurring payments.

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments

Topics: ACH/eCheck Payments