Deals aimed at employing verification services from leading companies in the payments industry give commercial clients real-time fraud prevention capabilities. Do you have a reliable payment processor to work with for ACH debits and not only? Just read below and you’ll know where to find the best for your business.
Real-Time Payments: ACH Debits
When you complete transactions, the technology provides authentication and verification to help you be sure the money will reach the destination intended. This means it gives confirmation that an account is open, active and in good standing.
A leader in providing verification, authentication, and funds confirmation information offers clients to gain access to its technology using just an application program interface or API.
This can be viewed as an introduction of a solid foundation of proactive action to these commercial payments. In this case, real-time authentication and verification steps are taken upfront, before money is transferred.
Recently, a business account acquisition tool has been introduced in the payments field that could be used to promote other digital payment efforts by corporates. The thing is that the payment system in the US is getting more and more advanced, especially in the B2B sector. Early investment in and adoption of faster payments is becoming more and more important.
Where can you, as a merchant, find reliable payment processing solutions to grow your business? Well, just turn to a reputable payment processor that’s dedicated to offering the most affordable and secure credit card processing to its customers. With a respectable credit card processor, you won’t need to worry about ACH debits or any other payments.
Trust: Proper Authentication and Verification
Proper authentication and verification together with real-time processes enable commercial clients to be able to spot and stop fraud before it’s too late.
Mobile banking is something to dwell on while speaking about security and trust. According to the chief technology officer of a South Africa-based FinTech firm, mobile banking can offer much greater security as compared to internet banking.
As he further notes, you can trust your bank and you can trust the banking app. A large number of people have worries about big technology firms, such as Amazon and Facebook, but many people still trust their banks.
As Walker Sands’ 2017 Future of Retail Report shows, about ¼ or 24% of consumers now have in-home voice-controlled devices. Besides, 19% have already made a voice purchase using Amazon Echo or another type of digital voice assistant. 33% of consumers have plans to make a voice purchase in the upcoming 12 months.
This trend isn’t going to disappear. According to recent research in the field, over 56 million smart speakers are expected to be sold this year. This will outcompete the growth of other consumer technologies of this type. As Gartner reports, 30% of web browsing sessions are anticipated to be completed without a screen by 2020.
So, do your best to build trust and offer your customers unmatched security and safety for payment processing. This can be easily achieved if you work with the right payment processor.
Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker that’s exceptional for ACH debits, and other merchant services. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.