ACH Payment

What is an ACH payment? ACH stands for Automated Clearing House, and it’s like a check without the paper. It’s a digital clearing and settlement system designed to process transactions between two depository institutions. If you’re enrolled in a direct deposit program or pay your bills with auto-drafts, you’re already using ACH.

Account Reserve

What is an account reserve? An account reserve is simply a portion of funds which are set aside to protect both the merchant and credit card processor in the event the merchant is exposed to unforeseen risk. There are three main types of reserve accounts and each are used depending on the nature of the business.

Account on File

What is an account on file? Account on file is a method whereby during a payment process the cardholder’s information can be pulled from a past transaction to expedite the checkout process. By auto-populating payment details, the customer does not have to re-enter their information, therefore increasing the payment process speed and convenience.

Account Lockout

What is account lockout? Account lockout is an online security measure that disables a user account if the system detects multiple incorrect attempts to login over a specific period of time. It is designed to prevent malicious account behavior by fraudulent individuals and/or bots.