POS
No, not that kind of POS! A Point of Sale Terminal or POS is the hardware used to process credit card or check transactions in
01/23/2023
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Archives: Glossary Terms
Purchase Cards
Purchase Cards are credit cards for use by employees of government agencies or corporations. What differentiates purchase cards different from regular credit cards is that
01/23/2023
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Qualified
The “base” discount rate that merchants are charged on Credit card transactions that are either (A) Card-present sales that are swiped through a POS and
01/23/2023
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R01 ACH Return Code: Insufficient Funds
What Does ACH Return Code R01 Mean? The ACH R01 return code means the payment was rejected because there were insufficient funds in the customer’s
04/23/2025
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R02 ACH Return Code – Account Closed
What Does ACH Return Code R02 – Account Closed Mean? Return code R02 signifies that the bank account you attempted to debit no longer exists or
04/23/2025
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R03 ACH Return Code: No Account / Unable to Locate Account
Table of Contents When the Payment Hits a Dead End ACH payments are designed to be quick, easy, and efficient. But sometimes, despite your best
04/26/2025
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R04 ACH Return Code: Invalid Account Number
Introduction: When ACH Payments Get Bounced Back ACH payments are a smart way for businesses to move money—whether you’re handling payroll, recurring billing, or customer
04/23/2025
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R05 ACH Return Code: Unauthorized Debit Using Corporate Entry Code
Introduction: ACH Returns Happen—Here’s What to Know ACH payments are the go-to for many businesses looking to cut down on credit card fees and streamline
04/23/2025
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R06 ACH Return Code: Returned per ODFI’s Request
Understanding the Language of ACH Returns If your business accepts payments through the ACH network, you’ve probably seen return codes from time to time. They’re
04/23/2025
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R07 ACH Return Code: Authorization Revoked by Customer
Table of Contents When a Customer Pulls the Plug on an ACH Payment ACH payments are a great way to collect funds from customers—especially
04/23/2025
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