Money In
The acronym ACH stands for
What is Automated Clearing House
Which bill pay level allows for split payments
What is all
This regulator plays a central role in overseeing the nation’s payment systems. It formulates policies, provides services, and conducts research to promote the safety, efficiency, and accessibility of payment systems
What is the Federal Reserve
This can happen for reasons such as insufficient funds, incorrect account information, or a stop payment order
What is an ACH Bank Reject Fee
The amount of days our customers stay in our book of business
What is 180 days
This term is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment
What is PCI Compliance, or Payment Card Industry Data Security Standard (PCI DSS) compliance
The amount of bill approval workflows that come included in QBO Advanced/Elite Bill Pay
What is 1
This regulator is responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices, including those related to payments. It investigates and takes enforcement actions against entities engaged in anticompetitive behavior or consumer fraud
What is the Federal Trade Commission
A process where a cardholder requests a refund from their bank for a disputed transaction, usually because they feel they were unfairly charged or didn't receive what they paid for
What is a chargeback
The phone number for QB Payments Customer Support
What is 800.558.9558
The number of days it takes the card reader to arrive at the customer’s address once the order is placed
What is 5-7 business days
The processing time range for checks to arrive through Bill Pay
What is 8-10 business days
This regulator was established in response to the 2008 financial crisis and is tasked with protecting consumers in the financial marketplace. It monitors and enforces regulations related to payment products and services to ensure fair treatment and transparency for consumers
What is the Consumer Financial Protection Bureau (CFPB)
This term is known as a bounced check or bob sufficient funds fee
What is a return check fee
In efforts to provide a better starting point we now have a new minimum limit for high value billers. How much is it?
What is $450,000
The acronym PSP stands for
Payment Service Provider
There are 4 huge benefits QuickBooks Bill Pay provides, name 3
What are Automated Reconciliation, Faster Payments & Improved Cash Flow, Reduced Administrative Overload, and Integrated Reporting
This regulation was implemented by the Federal reserve board pursuant to the EFTA, it sets forth requirements for financial institutions offering EFT services. It covers disclosures, error resolution procedures, and limitations on consumer liability for unauthorized transfers
What is Regulation E (Electronic Fund Transfers)
The most our payment dispute protection can cover on a single payment
What is $10,000
This industry was formally not allowed to use QB payments but now it is
What is firearms
Our 3 partners we have in place for shopping cart connection for QB Payments
What is Big Commerce, Ultra Cart and Woo Commerce
There are 4 new features coming to QuickBooks Bill Pay, name 3
What are pay by credit card, pay international with USD, pay international with local currency and recurring bill payments
This regulation was Issued by the Federal Reserve Board; it governs the availability of funds deposited by check and the collection and return of checks. It establishes maximum hold periods for check deposits and outlines requirements for expedited availability of certain types of checks
What is Regulation CC (Availability of Funds and Collection of Checks)
The three types of bills/payments that are prohibited with QuickBooks Bill Pay?
What are credit card bills, utility bills, payments to government agencies (ex. tax bill)
The fiscal year and quarter of our Bill Pay launch
FY25, Q2