Payment Savvy

DECEMBER 11, 2023

Automated Clearing House ( ACH) transfers have revolutionized the way we handle our finances, offering a convenient and secure method to send and receive money electronically. Whether it’s receiving your paycheck through direct deposit or paying your bills online, ACH payment solutions have become an integral part of our daily lives.

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PYMNTS

DECEMBER 17, 2019

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., Today, there are two key methods for how a company can address the pain point of checks. The Check-To-ACH Migration. Checks are clunky.

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ACH B2B Third-Party Service Provider ACH Processing 52

PYMNTS

APRIL 24, 2020

It’s been a boon for ACH payments, said Jeff Thorness, president of Forte Payment Systems , a CSG company. As Thorness explained, their embrace of ACH processing technologies is likely to have far-reaching impacts into how they send and receive payments with government suppliers, too, particularly as ACH innovation accelerates.

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ACH Governance Government B2G 64

Evolve Payment

FEBRUARY 15, 2024

Table of Contents Accelerating Accounts Receivable With B2B Payments Technology The days of cumbersome paper checks and out-of-PCI compliance snail-mail invoices are fading into the rearview mirror. Cheaper & More Efficient Than Paper Paper checks involve printing, postage, and manual reconciliation, adding to substantial expenses.

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B2B Checks AFP FinTech 81

PYMNTS

NOVEMBER 23, 2020

According to John Innes, CEO of ACH Processing Company , the complex flow of B2B payments in the healthcare space has several areas of opportunity to not only bring efficiency to the process, but actually provide financial relief to both payers, like third-party administrators (TPAs), and payees, like dental offices and private practices.

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ACH Processing Payer ACH Payee 77

PYMNTS

MARCH 2, 2020

Checks are among the most surprisingly durable payments products — at least when it comes to the world of B2B transactions. In terms of consumer payments, the check has long since been ditched by all but the diehards. Checks, for all their flaws and expenses, have one major advantage: They are easy and well-understood.

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Checks Wire Transfer B2B ACH 71

Agile Payments

JANUARY 8, 2019

Canada Electronic Funds Transfer processing options are scarce compared to the ACH processing providers available in the United States. Options are limited because of the small number of banks that run the payments sphere.

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Funds Transfer ACH Processing ACH Checks 77

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Impact On Same Day ACH Rollout.

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PYMNTS

DECEMBER 23, 2020

These pressures make it important for healthcare providers to collect payment from their insurance providers as quickly as possible, but sending claims documents in the mail and waiting to receive back paper checks can be slow-moving and cumbersome.

Automation 80

Automation B2B AI ACH 80

Evolve Payment

JULY 22, 2024

Why Credit Cards Are Essential for B2B Transactions A report by PYMNTS reveals that businesses accepting digital payments, including credit cards, reduce their Days Sales Outstanding (DSO) by up to 25% compared to those relying on traditional methods like checks and ACH payments. Here’s why: 1.

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Process Credit Cards ACH Payments 52

BNG Payments

FEBRUARY 4, 2022

Why Nonprofits Need Reliable Payment Processing Nonprofit and charitable organizations rely on monetary donations from their supporters to further their missions. ACH debit payments allow donors to give directly from their bank account. The donor begins the process by using an electronic device, a computer, smartphone or tablet.

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Credit Cards Process Processors ACH 52

PYMNTS

JULY 28, 2017

The good news is that Same Day ACH is on the way, but experts continue to discuss how the initiative will impact corporate payments, if at all. At the center of many of these discussions is the issue of ACH underwriting, which sees FIs establish how long it takes for funds to actually settle into an account.

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Same Day ACH ACH Underwriting Payments 41

PYMNTS

OCTOBER 4, 2017

Whether it’s summoning a ride, checking information or downloading music or media, the expected wait time is seconds, not hour or days. News from Around the World of Faster Payments: Over the past few weeks, several companies rolled out their own faster payment services, and the second phase of Same Day ACH officially went live.

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Zelle P2P Same Day ACH NACHA 40

Stax

NOVEMBER 6, 2023

Mobile payments are much more secure than cash and checks. The payment processor then checks the token’s validity and authorizes the payment to go through. Mobile Payments You’re using traditional payment methods such as cash, checks, and credit and debit cards. Let’s say you only accept cash or checks.

Small Business 88

Small Business Mobile Payments Mobile Payment Processing Online and Mobile Banking 88

Stax

FEBRUARY 28, 2024

Depending on your payment volumes, you may be able to access enterprise-level pricing that is fully customizable to your needs, i.e. whether you plan on processing multiple currencies. Be sure to check what is included in these fees as certain services, such as a subscription management system, may come as an additional add-on.

Payment APIs and Integration 88

Payment APIs and Integration Automation PCI DSS Fraud Prevention 88