Agile Payments Blog

1 min read

The Search for an API for ACH Payments 2019

By Gene Krause on Feb 25, 2019 2:39:00 PM

Organizations who serve a customer base that is of a recurring of subscription nature will at one time or another seek out an API for ACH Payments. It is these types of applications that benefit greatly from ACH transactions.

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2 min read

Recurring ACH API 2019

By Agile Payments on Feb 25, 2019 2:28:13 PM

Recurring ACH API For SAAS Platforms

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2 min read

ACH Transfer API - 2019 Guide

By Wayne Akey on Feb 25, 2019 2:26:53 PM

How can an ACH Transfer API help your business or SaaS?

An ACH Transfer API provides an additional payment option: Using the ACH network allows a business to debit or credit checking and savings accounts.

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3 min read

Does an ACH Integration Make Sense?

By Gene Krause on Feb 12, 2019 6:36:41 PM

Some applications are more favorably aligned with acceptance of eCheck (ACH) transactions than others. Applications that are proprietary and align themselves well with eCheck acceptance and only support their business can often start out with using an external transaction management tool for payment origination and management. On the other hand, applications that are used my multiple organizations or businesses are far less likely in being able to get by with utilizing an external payment management tool. Let's examine some key areas that factor in to whether and when an ACH Integration might make sense.

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3 min read

Top 5 New Apps and Their Future

By Amanda Peterson on Feb 11, 2019 10:37:03 AM

 

Even though 2019 is only two months old, there are many new apps available for both Android and Apple devices. From improvements in health to new tech assistants, these apps will be helpful now and into future.

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1 min read

ACH Check Validation Providers

By Coleman Akey on Jan 29, 2019 8:54:53 PM

The majority of the time payment rejects are accidents, and making customers go through the hassle of the sale process again will undoubtedly lead to a fraction of those sales being lost. By leveraging checking account verification tools businesses can reduce the chance of losing customers over simple data entry errors. Businesses that rely on future billing are especially vulnerable to bad check data, utilizing ACH Check Validation Providers can dramatically reduce bad check acceptance and the subsequent workflow problems.

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2 min read

P2P Payment Apps and Challenges

By Wayne Akey on Jan 29, 2019 12:14:30 PM

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

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3 min read

IVR Payments - Not Just For Inbound Calls

By Gene Krause on Jan 29, 2019 10:58:25 AM

Businesses that have employed Interactive Voice Response technologies for acceptance of payments are generally more familiar with an IVR solution that focuses on inbound calls. Inbound IVR Payments do a wonderful job at eliminating customer service time spent on the phone where they provide customers their invoice amounts and details about the receivables, then collecting payment information where they enter it into whatever payment origination software that they are using for processing. 

Topics: IVR Payments
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1 min read

Verifying Bank Account Ownership: Understanding your Options

By Coleman Akey on Jan 23, 2019 12:22:59 PM

Advances in the online payments sphere have now made it possible for businesses to verify bank account ownership. This real-time checking account verification can confirm that a consumer or business owns the account, and is authorized to transact.

Verifying Bank Account Ownership via an online application provides businesses with comprehensive, instantaneous insight into the person/business whose check payment the business wants to accept or enroll in a recurring billing plan.

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1 min read

ACH Check Validation

By Coleman Akey on Jan 15, 2019 6:04:50 PM

The ACH Check Validation Services allow merchants to reduce check acceptance risk at the point of sale (both online and in person). Available options include:

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2 min read

Payment Facilitation Problems: What you should know about potential funding issues

By Wayne Akey on Jan 8, 2019 2:14:17 PM

Payment Facilitation Problems: What you should know about potential funding issues

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2 min read

Payment Facilitator Provider

By Wayne Akey on Dec 18, 2018 12:26:29 PM

Payment Facilitator Provider

Payment Facilitators [Payfacs] act as Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application. Typically a Payment Facilitator would be a software platform that serves a specific vertical market eg Event ticketing.

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2 min read

Payment Facilitating : What is it and can it help your SaaS platform

By Wayne Akey on Dec 13, 2018 10:44:35 AM

A Payment Facilitator or PayFac assumes the role of Master Merchant. Payment Facilitating allows the Master Merchant to quickly and easily onboard their sub merchants or in the case of a SaaS platform Payment Facilitating allows platform users to the ability to accept credit, debit card and in some case ACH transactions for participants in their payment ecosystem.

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2 min read

Checking Account Owner Authentication Service: How can it Help your Business?

By Coleman Akey on Dec 12, 2018 1:53:25 PM

 

The ability to verify checking account ownership is a pivotal element of reducing the risk of enrolling a new customer with potentially bad check information.

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2 min read

Bank Account Verification: Understanding Risk Mitigation Options

By Coleman Akey on Dec 6, 2018 4:52:08 PM

The ACH or electronic check world unfortunately lacks the authorization component present with credit cards, making Bank Account Verification a necessity for SaaS businesses looking to mitigate payment acceptance risks.

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1 min read

Is Payment Facilitation a Good Option For SAAS or Platform

By Wayne Akey on Dec 6, 2018 1:07:02 PM

Is Payment Facilitation a good option for your SAAS or Platform?

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2 min read

Bank Account Validation: Exploring Your Options

By Coleman Akey on Dec 4, 2018 4:33:53 PM

Bank Account Validation allows merchants to mitigate check acceptance risk at the point of sale by providing an opportunity to validate that an account is open and in good standing prior to the account being loaded into a recurring billing engine. This means that data entry errors, potentially closed accounts, or fraud can be caught before finalizing the sale.

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2 min read

Why a SAAS platform can become a Payment Facilitator but WILL NOT be the next Stripe

By Agile Payments on Dec 4, 2018 11:22:24 AM

Why a SAAS platform can become a Payment Facilitator but WILL NOT be the next Stripe

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4 min read

4 Common Payment Obstacles Facing the SaaS Industry

By Elisa Abbott on Dec 3, 2018 11:18:39 AM

 

The SaaS (Software-as-a-Service) companies/startups have popped up all around the world. They are bringing value to people’s lives simply through the product and that has become a true hallmark of modern times.

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3 min read

Payment Facilitator or Payments Partnership? Which option is the better fit for your SaaS

By Coleman Akey on Nov 9, 2018 3:52:11 PM


SaaS companies that offer payment processing solutions must decide whether of not become a Payment Facilitator or engaging in a Payments Partnership is the most viable solution for their business. Neither is 

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3 min read

Payment Facilitator Program

By Wayne Akey on Oct 26, 2018 2:14:43 PM

Payment Facilitator Programs

Payment Facilitators [Payfacs] are  Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application.

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2 min read

Payment Facilitator Tools

By Wayne Akey on Oct 25, 2018 10:47:28 AM

Payment Facilitator Tools

A Payment Facilitator takes on the role of Master Merchant. This allows them to set up their application users to accept payments. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions .

An example: A SaaS offers an business management solution for Yoga Studios. The software is call Yoga101.  Yoga 101 uses Payment Facilitator Tools to allow quick sign up and provide payout and compliance functionality.

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2 min read

Payment Facilitator versus Payment Processor

By Wayne Akey on Oct 23, 2018 8:45:24 AM

Payment Facilitator versus Payment Processor : What’s the Difference

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2 min read

Payment Facilitator Systems

By Wayne Akey on Oct 18, 2018 8:44:03 AM

Payment Facilitator Systems

A Payment Facilitator assumes the role of the  Master Merchant. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions .

Let’s use an example: A SaaS offers an invoicing solution eg MyBooks. Businesses that want to leverage their invoicing solution complete a simple application and 15 minutes or so later they are approved and set up to accept customer payment. For our example let’s say the business name is “Best Landscapers”.  They applied and are now approved and ready to bill/invoice there customers using the MyBooks platform.

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2 min read

ACH Payment Gateway API

By Gene Krause on Oct 17, 2018 2:35:36 PM

While the ACH network is still a batch network, utilizing an ACH Payment Gateway API can do wonders for software applications in enhancing their capabilities by communicating with a real-time communication integration. Let's examine some of the modern communication tools available from these ACH gateways.

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