ACH Payments: A Risky Business
Since its introduction in 2001, WEB ACH payments – electronic transactions initiated over the Internet – have become one of the fastest-growing types of ACH transaction. It has allowed entire new online financial industries, such as Internet payment giant PayPal, to be born. However, the ACH payment system, and the WEB transaction specifically, has several key risks to transaction originators not shared by other online payment types, such as credit card transactions.
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Payday Loan Sovereign Nation Model: The Misconceptions
The world of payday loans is a contentious one. Opponents of the industry claim it is exploitative, charging “immoral” rates and fees while taking advantage of the underprivileged. Proponents frame it as being a service provided, one which is only growing, with millions of customers worldwide who have nowhere else to turn to for financial help.
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