Guide to Omnichannel Payments and Security

Guide to Omnichannel Payments and Security

Omnichannel payments and multichannel payments are both terms used to describe the options your software allows for taking customer payments. Omnichannel payment features improve the payment experience for customers but they also have a positive impact on your overall business operations.What are Omnichannel Payments?Omni or multichannel payment solutions let you take advantage of more than one payment channel in a …

3 Proven Tips to Reduce Outstanding Invoices and Avoid Late Payments

3 Tips to Decrease Outstanding Invoices and Collect More Late Payments

Running a business comes with many internal and external concerns, from training and team management to focusing on brand reputation. But if your company has excessive outstanding invoices or delayed payments, cash flow will stall and the health of your business will suffer. Reduce late payments from customers, keep revenue flowing and free yourself up to focus on other aspects …

How To Create a Credit Policy and Collection Procedure

How To Create a Credit Policy and Past Due Collection Procedure

The blueprint most businesses use to collect on accounts receivable is called a credit and collection policy. The guidelines are typically broken into two sections: a credit policy and a past-due collection procedure. The framework can be as detailed or as broad as is necessary for your office. Providing this direction to your employees is essential. Unfortunately, many businesses don’t …

Chargeback Prevention Tips for High Risk Businesses

Chargeback Prevention Tips for High Risk Businesses

Your staff works hard during the busy tax season and throughout the year to settle past-due accounts and collect payments for your debt collection agency. Without measures in place to prevent chargebacks, though, many of your payments could end up being disputed by consumers. Agencies and other high-risk businesses can go months or years without experiencing the stress caused by …

Switch from IVR Payments and Boost Customer Satisfaction

Switch from IVR Payments and Boost Customer Satisfaction

Interactive Voice Response payments (IVR payments) are a common choice for companies that want to speed up payments and reduce staff workloads. Freeing up employees from menial tasks is the fastest way to optimize your office but is there a better way than IVR? Companies often turn to their IVR systems as a way to take payments over the phone …

How to Use QR Code Payments for Your Business

How to Use QR Code Payments for Your Business

QR codes are everywhere. They help people look at restaurant menus, access corporate websites, or even make purchases. Since the pandemic began, QR code payment usage has climbed, giving people a simple, fast way to access information or take action. QR code payments are good for more than just retail environments. Many businesses have started to adopt QR codes to …

From Checks to B2B ACH: The Digital Shift

From Checks to B2B ACH: The Digital Shift

Time is money. This is especially true for financial transactions between companies, where delays cause significant losses and missed opportunities. By eliminating the hurdles of traditional payment methods, business-to-business Automated Clearing House (B2B ACH) payments create a swift, secure way to navigate modern business operations.Business to Business ACH Debit TransactionsB2B ACH refers to electronic payments made through an automated clearing …

Transform Your Business with Embedded Payments

Embedded payment technology provides the perfect channel to streamline business operations and enhance the customer experience. In this guide, learn how adopting embedded payments can be transformative for your business.What are Embedded Payments?Embedded payment systems should be available anywhere hassle-free transactions could enhance your company’s user experience. Embedded payments integrate payment processing into a software application or a platform. Unlike …

Credit Card on File is a Game-Changer for Businesses

Credit Card on File is a Game-Changer for Businesses

Keeping a credit card on file is a convenient best practice for companies that know they will need to take payments later, once an order has been fulfilled or work is completed.What Does Card on File Mean? Card on file (COF) transactions allow companies to capture and store payment details from customers. The details are securely stored so the business …

Hosted Payment Page Options from No Code to Low-Code

Hosted Payment Page Options from No Code to Low-Code

Customers expect companies to offer online payments. If your organization doesn’t accept online payments (or your online page is confusing, outdated, or doesn’t match your website) your business is losing money. Hosted payment pages are now a must for any company that wants to: Stay competitive Make paying easier for customers Save staff time by reducing manual work Bring in …

Payment Workflow Examples to Increase Business Cash Flow

Payment Workflow Examples to Increase Business Cash Flow

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.What are Workflows?A workflow is any repeatable process your business uses to …