ACH Settlement Information for the Thanksgiving Holiday

Business Online Banking ACH files must be received by Tuesday, November 26 in order to settle before the upcoming federal holiday (Thanksgiving Day). ACH files received on Wednesday, November 27 will not settle until Friday, November 29.

Personal Credit Cards

Is a chip (EMV) credit card the same as contactless payment?

Category: Personal   Service: Credit Cards | Updated: October 1st, 2015

Answer:

No. Contactless cards employ near-field communication technology (NFC), which has a radio antenna that transmits account information, and work by waving or tapping your card in front of a device. Chip cards must be inserted face-up into a chip-enabled merchant terminal that allows the chip to make contact with the reader to authorize and complete a transaction.

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