Insights
CSG Forte Insights is a collection of industry news and perspectives to help navigate the payments landscape.
Your Guide to POS Debit and POS Charges
When you accept credit or debit card payments, your business and customers need an easy way to distinguish between different types of transactions to separate the real ones from fraudulent ones. This is where merchant descriptors come in. Merchant descriptions explain various transaction types on a customer’s bank account or credit card statements. Two common descriptors are point […]
Deferred Payments vs. Installment Plans
Purchasing a good or service from your business may be more manageable if the customer can break up their payment or settle their balance at a later date. The revenue will still come your business’s way in the future, while the flexibility can convert some undecided leads into paying customers. Deferred payments and installment payments […]
SEC Code Glossary: A Quick Guide to Entry Class Codes
In the world of electronic payments, the National Automated Clearing House Association (NACHA) governs and dictates the regulations for processing electronic transactions through the Federal Reserve. The regulations are serious, utilized in legal proceedings regarding transactions and relied upon by banks, payment processors, and both federal and state governments. NACHA keeps the order for the industry, and it’s important to abide by […]
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