What is ACH Fraud? What Measures can be Taken to Safeguard your Business?

by Cheqly team | | ACH

ACH (Automated Clearing House) is an affordable and widely used payment method with low risk. However, less risk does not equate to no risk, as many companies are discovering that their responsibility rises as ACH payment usage rises. Determining the nature and mechanism of ACH fraud is the first step towards mitigating its risk. The … Continued

What Does Due Diligence Mean in Venture Capital?

by Cheqly team | | Due Diligence , Venture Capital

Due diligence in venture capital is important for making informed investments in great opportunities. Before understanding due diligence in venture capital, let’s understand it using an example. A group of friends are considering launching a new company. They visit the bank to request a loan and to pitch the bank on their start-up concept. Nevertheless, … Continued

What Are Intermediary Banks? What Do They Do?

by Cheqly team | | Intermediary Bank

Let’s say you are an entrepreneur and you need to make a payment to a supplier or business partner who is operating outside the country. This can be problematic since you have to deal with different currencies, regulations, and banks. This is the time when intermediary banks intervene. They simplify the transfer process by serving … Continued

What’s an ACH Routing Number & How can I Find it?

by Cheqly team | | ACH Routing Number

An ACH routing number is a code made up of nine digits, enabling American banks to send money electronically. An ACH number is a requirement for bank transfers in the ACH network. This method of operation helps reduce the probability of errors and expedites the transaction by ensuring that the accounts are properly connected to … Continued

What’s Apple Pay? How does it work?

by Cheqly team | | Apple Pay

Most people have started using Apple products like phones, watches, etc. The most effective payment option is Apple Pay, which is a reliable and safe option among online payment methods.  With Apple products, including iPhones, iPads, Macs, and Apple Watches, customers may purchase in stores, through applications, and on websites using Apple Pay, a mobile … Continued

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