Automatic Bill Payment: How It Works and Why It’s Beneficial

by Cheqly team | | Automatic Bill Payment

Keeping track of bills is never easy, and failing to pay the bills on time may bring penalties. Worry not; Automatic Bill Payment will be your savior. So, what does it exactly mean? An automatic bill payment refers to a financial arrangement in which funds are automatically deducted from a bank account and used to … Continued

Wire Transfer vs Bank Transfer: What’s the Difference?

by Cheqly team | | Bank Transfer , Wire Transfer

Bank wire transfers and international bank transfers are safe methods of sending money, but they are slow and expensive, though reliable. They have a lot in common, but they are also quite different. For instance, one is automatic, while the other necessitates intermediary institutions. While it can be feasible to dispute funds in one structure, … Continued

Understanding How AML Fraud Detection Works

by Cheqly team | | AML Fraud Detection

The current business environment is characterized by a significant increase in the number of fraud incidents. This surge affects consumers as well as their operations. First of all, it is crucial to understand the main concepts of these protective measures so that financial offences can be fought effectively. This article will help readers understand better … Continued

FDIC vs. NCUA Insurance: What’s the Difference?

by Cheqly team | | FDIC Insurance , NCUA Insurance

The National Credit Union Administration (NCUA) and the Federal Deposit Insurance Corporation (FDIC) are separate federal organizations that provide deposit insurance to their members. The FDIC usually protects bank deposits up to $250,000, with some exceptions; the NCUA offers similar protection but for credit unions instead of banks. FDIC or NCUA member institutions provide this … Continued

Online Payments for Small Businesses: What You Need to Know

by Cheqly team | | Online Payments

Selecting an online payment processing system that refuses to take the payment methods your clients want to use is like trying to communicate in Chinese at a market in Marrakech: neither strategy is likely to work. Similarly, a merchant’s point-of-sale system should match the payment options their customers prefer. Physical stores offer different payment methods … Continued

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