PYMNTS

MARCH 18, 2020

While working from home can present a major challenge for AR teams receiving checks in the mail, Biegel noted that more often, businesses are accepting these payments via banks’ lockbox services. Yet payers include a vast array of information with their check payments, and lockbox providers relay that data in different ways.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

Stax

MARCH 14, 2024

B2B businesses tend to have longer payment terms with their clients and relationships usually focus on long-term, recurring business. The amount per transaction is often quite significant and as a result, there’s typically quite a bit of negotiation that goes into determining payment amounts, terms, and cycles.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

FEBRUARY 18, 2020

“Unlike traditional B2B areas, where the supplier and customer have agreed upon pricing, and it is the exception when the payment amount does not equal the billed amount, “ he told PYMNTS, “it is standard practice in healthcare for a provider to bill one amount only to have the payer decide to pay a completely different amount.”.

B2B 52

B2B Faster Payments Payments ACH 52

EBizCharge

APRIL 17, 2024

Payment links are web addresses that, when clicked, take the payer to a secure payment portal to complete their purchase. Here’s a guide on how payment links are used: Creation: The primary actor, typically a merchant, utilizes a payment service provider’s platform to generate a unique payment link.

Payments 59

Payments Online and Mobile Banking Payment Gateways Credit Cards 59

Nanonets

MAY 30, 2023

 Both payer and payee receive notifications of funds transfer, which makes it a dependable process. There is no possibility of bounced checks or payment reversals because payment can only be made if there is a sufficient balance in the payer’s account. Advantages Transactions are secure and quick.  Both

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52

Payment Savvy

NOVEMBER 14, 2022

Payment amount. Once all required details have been provided, you must authorize the eCheck payment, which you can do either online or via phone call. Bank account details. What’s more, you’re required to submit all the same information that is typically found on a paper check, including: Checking account number.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

FICO

JANUARY 10, 2019

Early adopters of highly sophisticated omnichannel systems will gain an advantage from their ability to serve pre-delinquent and disorganized payers at an extremely low cost, whilst achieving a better customer experience. Recent bounced/late payments. For many, many customers, collections is their experience of a lender.).

Posting 40

Posting Issuers AI Non-Bank 40