In a move that bolsters financing for the supply chain of Gucci, Intesa Sanpaolo has inked a deal with the luxury goods group to ease financing for small companies that supply the firm. The Italian retail bank said it would apply the financing conditions that Gucci receives to its suppliers,...
How Do ACH Payments Work?
Automated clearing house (ACH) is a Web-based payment clearing system that handles financial transactions. The system handles the exchange of money between customers, lenders, banks, utility companies and other institutions. When someone buys a product or service online, the payment is sent through the ACH system and cleared. Learn more...
What Is A High Risk Merchant Account?
At first glance you may not understand the stigma behind being a high risk merchant account. One of the glaring issues is that there is no clear cut definition of the words "high risk." In many cases, it has more to do with certain circumstances than a company's performance. The...
Basic Payment Processing Terms
Introduction: Every craftsman will agree that knowing the tools of your trade is the difference between feast and famine. Now, your trade may not be payment processing, but knowing how to choose a payment processing company is the difference between your business thriving and dying. However, you can’t begin to...