ACH, PCI and other Payment Acronyms You Need to Know Now

pci compliant ach transactions y2payments

Owning a business comes with something of a learning curve, and it’s one reason why so many promising young businesses close before they’ve even gotten the chance to fly. Partnering with businesses that can help you achieve your financial goals is one way to help ensure that your company keeps its doors open.

At Y2Payments, we’re committed to helping our clients understand all of the different payment processing options they have available to them so that they can make an informed decision and discover what will work for their business.

An ACH payment processor (Automated Clearing House) is a processing option that processes large volumes of transactions, like debit or credit, in batches. If you add an ACH payment processor to your company, you’ll be able to open up your available payment acceptance options to a much wider group of people. You’ll be able to allow your customers to make purchases that are hassle-free from their checking or savings account.

In giving your customers an option like this you’re enabling them to have greater options to choose from when ordering your services or products. This means that you’ll have a much higher chance of completing sales.

At Y2Payments, we also can help our customers to become a PCI compliant processor. But what is a PCI compliant processor and how can becoming one help your business? PCI compliant stands for Payment Card Industry compliant. A PCI compliant business is one who is able to accept credit card information and safely store and process it.

The goal of being PCI compliant is to be able to protect any stored cardholder data that you may be handling with your business. No business owner wants to be responsible for credit card leaks. Not only will it anger your customers, it will significantly increase the possibility of losing any future customers as well.

At Y2Payments, we fully understand PCI compliance and will be able to help you bring your business up to speed and fully protect your customers credit card information.

To learn more about how we can help your business move forward, contact us today.