Tag:
processing
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How to Start an Online Bankruptcy Forms Processing Service
Due to the dramatic increase in technology, business professionals now have the ability to outsource their skills and earn extra money working from home as a bankruptcy forms processor. Unlike an attorney or notary public, a bankruptcy forms processor does not have jurisdictional limits. In other words, a bankruptcy forms processor could live in Yellow Springs, Ohio and prepare bankruptcy petitions, pleadings, Motions and other court documents for attorneys practicing in California, New York or any other U.S. state.
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3rd Party Processing, PayPal and Others
3rd party processing is a service provided by a third party for facilitating a credit card transaction between customer and merchant. Before the Internet, third party processing was seldom used. With the lure of the Internet, small and home businesses going on-line have had to find ways to take credit cards in order to remain competitive.
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Using ASP.NET to Make a Secure Site and Move Login Processing Out of the Page
A lot of us are tasked everyday to come up with ways of making our site, and other sites secure. Well if you're anything like me you don't want to have to rewrite login code 20 times a day. I'm going to show you how to make a secure site and have the login processing in a separate class. Let's get started.
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How To Start a Home-Based Word Processing Business
So, you want to start your own home-based word processing business? Where do you begin? What do you need to do to get a word processing business started? Well, I could go on and on! There are so many things that need to be covered to assist you in getting started. So, let's get to it!
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New Processing Cuts “Float” Time on Payments
If you've counted on those few extra days from the time you write a check to a utility company and the time the check clears your bank, beware.
Several of the nation's largest banks are now shifting from the traditional method of processing checks to a new electronic process. The new process will shave off a day or more from the traditional process it normally takes for your check to clear.
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The Changing Face Of Payment Processing
Since the introduction of magnetic ink character recognition (MICR) technology in the mid-1950s, businesses and consumers alike increasingly have chosen to pay bills by check. In 1999, 70 billion checks were written in the United States, accounting for 73 percent of all non-cash transactions. Of the total, 56 percent, or 39.2 billion, were written by consumers. Businesses wrote 28.7 billion, or 41 percent and government, 2.1 billion, or three percent. The United States Postal service earned 25 percent of its year's revenues from the delivery of checks. (Hence, the phrase: "The check is in the mail.") Banks generated $60 billion in revenues from checking accounts, according to the Check Payment Systems Association.
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Credit Card Processing Vendors
Gain Understanding
To gain an understanding of how different vendors make payment transactions, we must first figure out how credit cards were originally designed to work. Before anyone even thought of ecommerce, or even EDI became widespread in commercial uses, credit cards were created. However, they did not have a magnetic strip to store information, so all credit card purchases were called in, and a carbon copy of the card was made. With advances in technology, the magnetic strip was added, so merchants could submit customer card information electronically, and quickly get back approval numbers, which were then sent to the bank on carbon copies of the cards. The introduction of the internet and standard EDI for merchant to bank credit card authorizations cut out this step, so now your purchase goes to your creditor, and money is transferred to the merchant's bank, in only a few seconds.