Payment Processing
What is Payment Disbursement Outsourcing? A Comprehensive Overview
Payment disbursement is an essential component of modern business operations. It refers to the process of distributing funds to recipients, whether they are employees receiving their wages, vendors getting paid for their services, or customers receiving refunds. Given the complexities of today’s business environments, it’s no surprise that many companies are choosing to outsource this…
Read MoreIn-House versus Outsourced Payment Processing: Which is Right for Your Business?
Whether you run an eCommerce business or any other type of enterprise, establishing a well-supported payment processing system is absolutely essential. Payment processing is one of the key components of running a business and will help assure that all funds can be easily tracked and directed as necessary. As you might expect, the broad term…
Read MoreHow to Mail a Check Safely
In today’s fast-paced world, it’s easy to forget our roots. You might think of mailing checks as an outdated process, but the truth is that it’s still one of the most effective ways to handle payments. In fact, The Federal Reserve reported that checks comprise 15 percent of all non-cash payments. However, safely sending a…
Read MoreWhat is an ACH Transfer?
ACH transfer, which stands for “automatic clearing house transfer”, has had a tremendous impact on the payment processing industry. The unique transfer system helps payers of all kinds direct money to where it needs to be in a manner that is both efficient and secure. Payment processing, in many ways, is the lifeblood of our…
Read MoreCheck Printing for Fortune 500 Companies: Outsourcing vs. QuickBooks
Every year, billions of checks are printed and issued in the United States. Checks offer businesses — both small and large — a safe, secure, and reliable method for distributing funds and issuing payments. Even in an era where digital payments have become much more common, businesses are recognizing the important role that printing checks…
Read MoreHow to Print Bulk Checks: A Guide for Businesses
Checks are an essential component of many businesses’ payment processes. Checks make it easy to distribute funds where they are needed most, while still providing you with the security you need. Unsurprisingly, billions of checks are issued every year in the United States alone. Today, we will cover everything you need to know about printing…
Read MoreHow Fortune 500 Companies Master Payment Processing
Whether your business has a single employee or 10,000 employees, check payment processing is an essential detail that cannot be overlooked. Improved payment processing strategies are among the surest ways to make sure that both incoming and outgoing cash flows are exactly where they need to be. The term “payment processing” can be used to…
Read MoreWhen Does it Make Sense for a Business to Outsource Payment Processing?
Over the past few years, the market for outsourced payment processing has been significantly expanding. Outsourced payment processing companies offer businesses value in a wide variety of ways, ranging from cost reduction to expertise to everything in between. According to recent estimates, more than 80 percent of businesses would recommend their outsourcing partner to another…
Read MoreThe Top 7 Reasons You Should Outsource Your Payment Processing
Outsourcing your payment processing is one of the best ways you can quickly improve the operations of your business. In this article, you will learn seven of the most common reasons businesses choose to outsource their payment processing functions. Payment processing outsourcing is one of the best ways you can quickly improve the operations of…
Read MoreWhen and Why to Outsource Your Payment Processing (in 2019)
Each year, businesses of all shapes and sizes make the decision to outsource their payment processing duties. According to research recently published by Deloitte, 78 percent of businesses in the world “feel positive about their relationship with their outsourcing company.” The same study also goes onto cite that cost-cutting, focusing on core components of the…
Read MoreWhat Is Positive Pay and How Does It Stop Check Fraud?
According to the National Check Fraud Center, fraudulent checks account for more than ten billion dollars of losses every year. This figure continues to steadily increase, presenting a major issue for both businesses and banks. Most fraudulent checking practices can usually be corrected or reversed; however, the effects of check fraud are still felt. Not…
Read MoreFive Ways Companies Outsource Payment Processing Functions
One of the most commonly outsourced components of a business is its payment processing functions. Payment processing often involves having to pay attention to an overwhelming number of details and many businesses have found that it is simply easier to pay someone else to take care of it. We take a look at five different…
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