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Digital Payment platforms such as PayPal, Zelle and Venmo were originally intended to allow friends to quickly transfer money between each other. Cash apps provide a quick and easy method for splitting the check in a restaurant, loaning a friend money or even paying for Girl Scout cookies. The History of Cash Apps The original […]

Who decides if your bank account  is funded for a transaction that you process? Remedy Payments engages with a partner bank (funding bank) that agrees to provide funds to you immediately on behalf of the bank that issued your customer’s credit card. Let’s say your customer used a Wells Fargo Visa to make a $10,000 purchase. […]

By now you have probably heard that a shortage of electronic components is delaying the production of everything from vehicles to credit card terminals that read the electronic chip of a credit card. The severity of the global chip shortage has gone up dramatically over the past few weeks and it appears that it is […]

Your Merchant Account is a powerful tool in your business. You have the ability to post charges and credits to credit card accounts. Just because you can perform a transaction, doesn’t mean that you should. Here are some examples of transactions you should stay clear of to avoid having your merchant account suspended or closed […]

Interchange fees are set by each card brand (Visa, MasterCard etc.) as a transfer fee between acquiring banks and issuing banks for every credit card transaction. These fees are used to assess charges for merchants and are usually adjusted each year in April and October. The April 2021 scheduled increase has been postponed to April […]