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Industry Spotlight: Third-Party Debt Collection
Once upon a time, companies around the globe incurred substantial losses due to delinquent receivables. With no clear policies on recovering past-due debts, entities, at times, engaged in unscrupulous methods…
Acquiring banks – Why do they perform a risk review?
Card brands, such as Visa and MasterCard, assess risk levels before boarding a merchant. Due to an acquiring bank processing card funds on behalf of merchants, MasterCard and Visa delegate…
Factors to Tick Off Before Partnering with a Merchant Service Provider
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…
Are Electronic Signatures Safe and Compliant?
All the mobile apps and online sites aside, one thing has remained important – the signature. In the past, individuals used to sign their signatures on paper with a pen.…
5 Things to Know Before Opening a Startup Business
It takes more than having capital backing and a brilliant idea before opening a startup business successfully. Many first-time business owners rush into the market without a plan to be…
Successful Debt Recovery Tips for Businesses
When customers do not pay promptly, a company’s cash flow is significantly affected. Therefore, designing an effective collecting strategy for past due accounts is vital for success. Here are several…
Motivating Customers to Pay via ACH
Automated Clearing House (ACH) payments are cost-effective, quickly processed, and improves cash flow. This method transfers money from one bank account to another without using physical checks, cash, or credit…
5 Top Business Advantages of Accepting Electronic Payments
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…