Blog – Payments Industry Observations
Blog articles from PayPrin offering observations, insight and our perspective on various payments industry topics including important changes for online commerce merchants.
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It’s been 10 years since PayPrin first opened its doors back in 2009. Our mission has always been to offer merchant services to our customers with honesty, integrity and always in their best interest.
We can truly say that we have never strayed from this mission and are proud of navigating the payments landscape with our customers. We have strived to stay on top of industry trends and have always advised our customers of the changes.
Great news for merchants who accept ACH as a payment method! NACHA has just announced a new ACH settlement plan that will allow ACH transactions to settle in the same day. This is a very big change for NACHA.
The organization announced on Tuesday, March 18 that it will use a phased approach in rolling out a same-day settlement solution for ACH. Currently, ACH is, at best, a single, next-day settlement payment solution. NACHA is in the process of implementing steps that will change this to be a multiple, same-day settlement solution.
Is it just us or does anyone else notice that high-risk merchant accounts experts are, well, everywhere nowadays? An expert is supposed to be a person who has a comprehensive and authoritative knowledge in a particular area, but we’d swear:
- They’re putting High-Risk Expert certificates in cereal boxes
- Someone is selling High-Risk Expert badges at flea markets
- Some diploma mill must be offering a street-credited High-Risk Expert degree program…online
PayPrin is a registered service mark and DBA of Payment Principals LLC, a privately held Delaware LLC.
