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Infographic: Growing Your Retail Business with TreviPay

TreviPay

Check Improved security: B2B payments often use secure methods such as electronic funds transfer (EFT) and virtual card payments (VCP), which can reduce the risk of fraud and errors. This can save businesses time and money.

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Effective Strategies to Reduce Debtor Days

Know-It Global

Offer multiple payment options Provide customers with various payment options, such as credit cards, electronic funds transfers and online payment platforms. Offering flexibility in payment methods makes it easier for customers to settle their invoices promptly, reducing debtor days.

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What Is Cash Management?

TreviPay

Some examples of cash management services include: Automated Clearing House (ACH) Services: These services allow for electronic funds transfers, making direct deposits, bill payments, and business transactions efficient. These help businesses efficiently manage their cash flow and liquidity.

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It’s Time to Send Invoices and Receive Payments Electronically

Your Virtual Credit Manager

Subscribe now The Challenge of Receiving Electronic Payments In terms of payments, for the most part we are talking about ACH debits and credits, credit cards, wires (Fedwire or SWIFT), EDI (electronic data interchange) and e-checks, which all come under the umbrella of Electronic Funds Transfer (EFT).

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FinCEN Issues Advisory on COVID-19 Related Medical Scams Transactional Red Flags for your Suspicious Activity Monitoring Program

Abrigo

Your transaction monitoring processes should include these transactional red flags related to COVID-19: Medical supply related transactions through a personal account Merchant requires pre-paid cards, virtual currency, or other hard to trace mean of payment High chargeback and/or return volume in the customer’s account Newly opened account received (..)

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ACH Transactions: What Small Business Owners Need To Know

Lendio

Wire transfers are immediate, which can be beneficial but has also made this method of payment popular with fraudsters. The cost of wiring money is typically quite high, too, compared with the relatively slight cost of ACH transfers.

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Maximising Cashflow: Enhancing Your Credit Control Process

Know-It Global

Accept credit/debit card payments, electronic fund transfers, and online payment gateways. By automating the process, you minimise the risk of missing payment and avoid the sometimes difficult conversation of asking clients for payment.