The Ordway Blog

Stablecoin payments allow businesses to send and receive funds using digital tokens pegged to fiat currencies like the U.S. dollar. Unlike volatile cryptocurrencies, stablecoins maintain a consistent value while offering the speed and global reach…

A service that automatically refreshes stored payment card credentials—such as new expiration dates or reissued card numbers—so recurring charges continue processing without requiring customers to manually update their information.

TL;DR: Bank Lockbox A bank lockbox is a specialized payment collection service where a bank manages a dedicated P.O. box on behalf of a business. The bank retrieves mailed customer check payments, scans the checks,…

The Faster Payments Service (FPS) is the UK's real-time payment network, enabling near-instant sterling transfers between bank accounts around the clock. Operated by Pay.UK, it processes most single immediate payments in the UK and has…

Credit card interchange fees are transaction charges paid by a merchant's acquiring bank to the customer's issuing bank every time a card payment is processed.