PDC Flow

DECEMBER 14, 2023

A lot of businesses don’t know how to set up recurring payments that make sense for customers and still bring in revenue. The most effective recurring payments balance the parameters of payment schedules, business needs, and customer preferences. What is a recurring payment plan and how can your company take advantage of them?

Banks 72

Banks 72

PDC Flow

FEBRUARY 16, 2023

If you want to expand, you need to accomplish more with a small staff and small business payment options that let your team do more with less. Small Business Payments: Reasons for Late/Unpaid Bills Small businesses need to collect every dollar possible. What do Customers Expect From Small Business Payment Options?

Banks 82

Banks Collections 82

Payment Savvy

JULY 21, 2023

Cons of Business Credit Cards High-Interest Rates – If mismanaged, business credit card debt can quickly pile up due to high-interest rates, especially if you only make the minimum payments. Fees – Some business credit cards come with annual fees, and there can be high fees for late payments or going over your credit limit.

Startups 52

Startups Loans Collateral Lender 52

Payment Savvy

FEBRUARY 6, 2023

Choosing the most suitable payment processor for your business is crucial. Understanding the basis on which ISOs operate and how they can be beneficial for your business can help you in deciding which payment processing solutions make sense for you. What Are Independent Sales Organizations? How’s that working?

Financial Institution 52

Financial Institution Banks Financial services 52

Nexa Collect

JANUARY 16, 2021

Delays or interruptions in customer payments can jeopardize all of your downstream activities, leading to potential losses, bad credit, and eventually more serious consequences for your business. Here are several key paths and practical tips to use in order to avoid payment delays and prevent cash-flow issues. Trust and communication.

Manufacturing 130

Manufacturing Debtor Debt Recovery Collections 130

Payment Savvy

MARCH 10, 2021

Send Automatic Payment Reminders. The payment reminder game has drastically changed over the past few years. These days, as long as you obtain the client’s consent, a payment reminder is best sent via email or SMS text messages. Take Advantage of Customer Self Service (CSS) Options. Accept Multiple Payment Options.

Debt Recovery 52

Debt Recovery Collections 52

Payment Savvy

APRIL 7, 2021

A merchant account is a must-have if you want to collect electronic payments for your business. This includes debit cards, credit cards, HSA/FSA cards, and ACH, or e-Check, payments. Despite a merchant service provider being a crucial tool for business success, not all processors are created equally. Payment Security.

Banks 52

Banks Collections 52

Payment Savvy

AUGUST 4, 2021

It’s a convenient way of receiving payments without relying on snail mail or cash. You can accept credit and debit cards and other electronic payment modes consumers use with a merchant account – such as ACH. It would be best if you worked with a payment processor for these services. Bank Underwriting.

Banks 52

Banks Retail Collections 52

PDC Flow

OCTOBER 27, 2020

Along with the AR software needed to manage accounts, you need the right payment gateway, suited to meet the unique needs of the industry. What is a payment gateway and how do you choose the right one for accounts receivable ? What is a Payment Gateway? What is a payment gateway and how does it work ? Gateways and MSPs.

Manufacturing 87

Manufacturing Healthcare Collections Banks 87

True Accord

FEBRUARY 7, 2022

a fintech software platform that provides payment infrastructure as a service, today announced that it partnered with TrueAccord, the leading debt collection company offering intelligent, digital-first collection and recovery solutions, to make it easier for Sila’s customers to use TrueAccord’s products and services.

Collections 52

Collections Financial Institution Banks Collection Companies 52

Fico Collections

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. New digital payments channels and methods will grow next year, giving new opportunities for fraudsters and scammers. And the digital payments landscape made a global-scale impact, both positive and negative which FIs now must deal with. FICO Admin. by TJ Horan.

Banks 52

Banks Financial Institution Education Collections 52

Payment Savvy

MAY 5, 2021

Most people think that payment processing for law firms is a simple and straightforward process. Payments received must be deposited to a trust account. A trust account is a bank account used to receive payments received by clients or debtors. Trust Fund Payment Processing. All funds follow the same payment cycle.

Law Firms 52

Law Firms Lawyers Debtor Banks 52

Payment Savvy

JANUARY 20, 2021

Having discussed such challenges with our clients, below are some of the most common difficulties and potential solutions. Agencies use various tactics to receive payments. Similarly, collection agencies have a hard time creating payment plans unique to each individual’s needs. Absence of Real-Time Reporting.

Collection Agencies 52

Collection Agencies Collections Agency Collections Debtor 52

Payment Savvy

FEBRUARY 6, 2023

An ISO can help companies elevate the customer experience they’re providing by offering stellar payment processing services. A good ISO offers extensive support to its clients, both in regard to technical solutions and day-to-day merchant services. But what exactly are ISOs, and how to become an ISO partner?

Banks 52

Banks Financial Institution Financial services 52

Payment Savvy

JUNE 2, 2021

As a high-risk business owner, whether you are operating on a large or small scale, it is crucial to accept electronic payments. More and more consumers are demanding electronic payments, and incorporating these systems can place your business on the path to success. Earlier, we talked about the huge demand for electronic payments.

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Payment Savvy

JULY 28, 2021

Document any service offered, and if possible, the context of all work. Accept Different Payment Methods. No one likes struggling to pay for services. Therefore, be sure to accept various payment methods. Other than cash, allow clients to pay using credit cards, debit cards, or ACH. Final Thoughts.

Law Firms 52

Law Firms Collections Lawyers 52

Fico Collections

SEPTEMBER 9, 2021

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment. This is where Overdraft (OD) programs come into play.

Banks 52

Banks Collections 52

Fico Collections

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments.

Retail 52

Retail Banks Financial Institution Trade 52

Payment Savvy

FEBRUARY 24, 2021

As the world moves towards a cashless economy, there is an increased demand for electronic card and ACH payments. By bringing a technologically advanced and consumer-friendly payment solution onboard your business, you strengthen your place in your industry. Additionally, valuable time is saved using e-payments.

Banks 52

Banks 52

Fico Collections

NOVEMBER 30, 2022

Using techniques like social engineering or impersonating a trusted source, these criminals are scamming unsuspecting folks out of billions of dollars globally, using real-time payments channels to quickly make off with their ill-gotten gains. Authorized Payment Fraud – A Global Concern. million from debit card payments, and $82.2

Banks 52

Banks Financial Institution Education Financial services 52

Recoverity

JUNE 1, 2016

FEDChex Recovery remains a recognized leader in providing Depository, Treasury, Risk Management and Collection solutions for businesses and financial institutions. We maintain our commitment of supporting our client’s requirements by delivering cost effective, ethical, reliable, and high quality solutions of strategic value.

Collection Agencies 40

Collection Agencies Collections Agency Financial Institution Collections 40

Payment Savvy

JUNE 23, 2021

A well-outlined website is the first step towards providing your customers with an easy way to purchase goods and services. Having a simple online payment process keeps your conversion rate high. It’s where consumers relay their sensitive financial data to pay for a product or service. Accept Payment Without an Account.

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Fico Collections

DECEMBER 7, 2021

Just because people may be using their physical cards less doesn’t mean we’re not making fewer payments. And where connectivity goes, payments soon follow. You know what’s coming next: payments processing company Shift4 just announced a five-year partnership with Starlink. Pre-Pandemic Spending, Post-Pandemic Distractions.

Banks 52

Banks Trade Collections 52

PDC Flow

APRIL 18, 2023

Payment workflows (like sending customer invoices with payment requests) are an integral part of your business sales cycle and customer experience. Many companies that accept B2B payments – or provide their goods and services before collecting payments – need to think about the full customer journey, including billing workflows.

Medical Bills Collections 59

Medical Bills Collections Collections Banks Collection Agencies 59

Payment Savvy

DECEMBER 9, 2020

Technology is rapidly evolving, and the world of payments isn’t left behind. It’s why merchants should keep an eye on payment trends to ensure they’re ahead of the curve. As payments continue evolving, companies are finding new strategies for improving customer experience and optimizing software through them.

Retail 52

Retail Government 52

Payment Savvy

SEPTEMBER 24, 2020

Even though ATMs, mobile banking, and credit card payments are part of our everyday life, some people still write checks. Today ATMs are widely available, and electronic payments – such as credit card and debit cards – are the gold standard for payment acceptance. Use Check Recovery Services.

Collections 52

Collections Collection Agencies Collections Agency Banks 52

PDC Flow

MAY 11, 2021

As other industries standardize the use of online payments, email and text communication options and other digital tools, consumers have begun to expect them from every business they come in contact with – including accounts receivable. Consumer behavior has been trending toward tech-based solutions long before the pandemic.

Accounts Receivables Management 52

Accounts Receivables Management Collections Banks 52

PDC Flow

SEPTEMBER 15, 2020

Even without the considerations coronavirus has brought to business, debt collection has been trending toward digital solutions for some time. If you spend more time and effort understanding your consumers’ habits and the digital customer journey they take towards payment, you’ll gain insight into the channels they prefer.

Collections 53

Collections 53

Payment Savvy

JUNE 12, 2023

Venmo, the hugely popular payment app used by millions of people around the world, has earned a reputation for convenience, ease of use, and speed, in the competitive space of digital payments. There are several reasons why a ‘Venmo payment declined’ issue might exist. Why Is Your Venmo Transaction Being Declined?

Banks 52

Banks Collections 52

Fico Collections

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). As it happens, there’s a lot more happening in the real-time payments arena than just PayPal, Venmo and Zelle.

Banks 52

Banks Financial Institution Retail 52

Payment Savvy

APRIL 28, 2021

A small business merchant account allows a company to accept electronic payments, such as credit cards, debit cards, and ACH. While applying for a payment processing account may seem tricky initially, the process is simple with a bit of knowledge and expert guidance from a reputable provider. Determine How To Accept Payments .

Startups 52

Startups Banks Education 52

Fico Collections

SEPTEMBER 27, 2021

You have honed your pitch and you stride forward to present your concept to a panel of experienced innovators, investors and industry experts looking to discover a promising, fast growth solution. Banking is highly regulated and introducing a new and innovative service is often a slow process. Show me The Solutions!

Banks 52

Banks Retail Startups Financial Institution 52

Fico Collections

JANUARY 19, 2022

Over- or under-shipment of goods or services (also, phantom shipments). It takes a little work, but with more and more services being digital, it’s not that hard to fake an identity, and to give it a life on Facebook, Instagram or with a few well-placed credit applications even in ‘real life’.

Trade 52

Trade Banks Loans 52