Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on cannabis banking legislation and tips for board training best practices were among the most-read blogs. This post by Abrigo Director of Compliance and Engagement Terri Luttrell, CAMS-Audit CFCS, explains the CTA updates, predictions for the next rulemaking, and key provisions of the regulations.

Credit Unions 88

Credit Unions Cybersecurity 88

Lendio

DECEMBER 13, 2023

A business loan broker—sometimes called a commercial loan broker—is an individual, company, or service that helps small businesses apply for small business loans or other financing. Importantly, the broker does not approve or deny loan applications or service loans themselves: instead, the broker connects businesses with financing.

Small Businesses 98

Small Businesses 98

Know-It Global

JULY 26, 2023

Evaluate and improve your credit terms Begin by assessing your current credit terms and ensure they are reasonable and aligned with industry standards. Consider shortening the credit period, tightening credit limits, or implementing stricter credit approval processes.

Electronic Funds Transfer 98

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

Lendio

OCTOBER 17, 2023

It’s completely understandable that obtaining a business loan may seem overwhelming, but we’re here to help make the process easier for you. Doing your research and identifying the best business loan for your situation will improve your chances of qualifying for a loan. Ready to find out more?

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Transactions 98

Due

APRIL 29, 2024

As a business leader in this economy, you know that the best way to retain top talent is not to lose it in the first place. Unlike traditional mortgage lenders, who may overlook a company’s potential due to its private status, Multiply considers pre-IPO equity in the underwriting process. ” Multiply doesn’t stop there.

Deductions 75

Deductions Small Businesses 75

Gaviti

FEBRUARY 17, 2024

Effective accounts receivable management has several elements that can be automated to facilitate the collections process. These include: A streamlined dunning process. Streamlined credit management. Even with the most proactive A/R collections process in place, not all customers pay on time, for a variety of reasons.

Debt Collections 52

Debt Collections Credit and Collections DSO Invoice Collections 52

Due

OCTOBER 4, 2023

Prospective homeowners often ponder the size of the house they can afford , and navigating the process of buying a new home may be overwhelming. Additionally, assessing customer reviews and lender reputations can help homebuyers gauge the quality of customer service and support they can expect throughout the mortgage process.

Credit Scoring 64

Credit Scoring 64

NorthOne

MAY 3, 2023

This guide to accounts payable is designed to provide a general overview of the process, with a handy guide and examples. For example, if you notice that your accounts payable decreases over time, this indicates you’re paying obligations faster than you’re purchasing them on credit. What does accounts payable mean?

Invoice Amount 52

Invoice Amount Credit Card Companies Default Small Businesses 52

Due

JUNE 22, 2023

From helping you build a credit history and offering liability protection to entitling you with bags of rewards – credit cards are, indeed, of thousand utilities. However, do you know your credit card can award you more than what you already know? Leveraging them may allow you to save significantly.

Credit and Collections 59

Credit and Collections Credit Card Companies Credit Scoring Deductions 59

Due

FEBRUARY 6, 2023

Tim Pawlenty, president and CEO of Financial Services Round Table and former governor of Minnesota, once said, “Financial literacy is an important part of avoiding financial mistakes and planning for a strong, secure financial future.” You can also avoid accruing interest by paying off credit card balances each month.

Credit Scoring 115

Credit Scoring Default Bankruptcy 115

billtrust

OCTOBER 27, 2022

A quick primer on payment processing The five steps of payment processing grief 10 steps to get paid faster How do you motivate customers to pay? However, you can do a few things to speed up the process. Below are ten pro tips to optimize payments and additional tricks to speed up your payment processing. Credit cards.

Credit and Collections 52

Credit and Collections Bad Debt Credit Card Payments Transactions 52

Due

MAY 17, 2024

The economic landscape—which includes financial services and banking—is shifting to the digital space at an accelerated pace, and things will only move faster in the coming years. So where does this put retirees and the financial services they need for a secure retirement? What is Digital Finance?

Brokerages 52

Brokerages Transactions Credit and Collections Credit Unions 52

Biz2X

JULY 11, 2023

This guide makes the case for why lenders, including banks and credit unions, MUST invest in business loan automation. It is also used to answer prospective loan customer questions and help guide them through the application process, making it more likely suitable borrowers won’t abandon. What is Business Loan Automation?

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Credit Unions 52

Fundera

DECEMBER 11, 2020

When running a small business, the various fees surrounding your POS system and accepting card payments can be confusing. And, with consumers continuously preferring to pay with debit over both credit and cash—according to data from the most recent TSYS U.S. Types of Debit Card Transactions. Let’s get started. Signature Debit.

Transactions 90

Transactions Small Businesses 90

Fundera

OCTOBER 23, 2020

To prevent your business from facing frequent chargebacks—and the merchant services fees associated with them—it’s important to understand how these disputes work and what you can do to refute them. In This Guide. Overall, the chargeback process works like this: Purchase: A purchase is made from your business using a credit card.

Credit and Collections 86

Credit and Collections Transactions Credit Card Companies Small Businesses 86

CreditStrong for Business

MARCH 3, 2023

Your credit impacts your life in more ways than you might think. Fortunately, no credit score is so low that you can’t fix it. If yours isn’t quite where you want it to be, here’s everything you need to know about how to build credit. As a result, they provide valuable insight to refine your credit-building strategy.

Credit Scoring 52

Credit Scoring Credit Unions Credit Application Credit Card Companies 52

Due

MARCH 3, 2023

Financial mistakes can happen even with the best of intentions. You may never follow through — despite your best intentions. These funds could be used to pay off a credit card debt or pad your savings. Your credit score is 579 or lower. You have a rising credit card balance. But it adds up.

Credit Scoring 105

Credit Scoring Bankruptcy Medical Billing Brokerages 105

Due

AUGUST 25, 2023

Taking advantage of favorable market conditions and understanding the refinancing process is an effective way to potentially save thousands of dollars. As you read this guide, you will discover the steps involved in refinancing your mortgage, explore the benefits and considerations, and get practical tips to ensure a successful refinance.

Credit Scoring 96

Credit Scoring Credit and Collections Credit Unions Credit Application 96

Biz2X

NOVEMBER 20, 2023

Understanding CFPB 1071 CFPB 1071 amends the Equal Credit Opportunity Act (ECOA) to mandate data collection and reporting concerning business credit applications to the CFPB. Transactional Coverage Covered transactions include loans, lines of credit, credit cards, merchant cash advances, and other credit products.

Credit and Collections 52

Credit and Collections Transactions Small Businesses Credit Application 52

Biz2X

NOVEMBER 20, 2023

Understanding CFPB 1071 CFPB 1071 amends the Equal Credit Opportunity Act (ECOA) to mandate data collection and reporting concerning business credit applications to the CFPB. Transactional Coverage Covered transactions include loans, lines of credit, credit cards, merchant cash advances, and other credit products.

Credit and Collections 52

Credit and Collections Transactions Small Businesses Credit Application 52

NorthOne

MAY 2, 2023

An invoice payment refers to funds sent by a customer to a supplier as compensation for the products and services it received. It all starts with an invoice: a document that outlines all goods and services provided and the requested amount payable for them. Payments can be sent via virtual card, check, ACH payment, or another method.

Credit and Collections 52

Credit and Collections Transactions 52

NorthOne

APRIL 27, 2023

Accounts payable is a summary of your company’s short-term debt obligations, and is therefore a credit. This includes things like credit card bills and pending invoices from vendors and suppliers, as opposed to mortgages and loan repayments that are longer term. Because accounts payable is a liability, it is a credit entry.

Small Businesses 52

Small Businesses Transactions 52

billtrust

DECEMBER 20, 2022

Best practices and solutions for scaling cash application and to accelerate payments. Over the past two years, companies began challenging their reliance on legacy systems and wondered how to improve their manual processes. But how do you go about automating finance processes? Share with your network: Mail. Accelerate payments.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

Lendio

DECEMBER 12, 2023

To help you get started on the right foot, we’ve put together a comprehensive guide on how to start an auto repair shop. Before you delve further into the process, it’s imperative to decide on the type of auto repair shop you wish to open. Highlight any unique features or benefits of your services.

Small Businesses 52

Small Businesses Transactions 52

Fundera

DECEMBER 2, 2020

In the world of payment processing and merchant services , credit card processing is often at the forefront of the discussion. According to a study conducted by the Cash Product Office of the Federal Reserve System, however, debit cards are the most used form of payment—accounting for 28% of all payments. [1].

Credit Card Payments 58

Credit Card Payments Credit and Collections Transactions Small Businesses 58

Fundera

DECEMBER 13, 2019

Merchant Services Definition. Merchant services is a broad term used to describe a range of financial services for businesses—most generally, the services a business uses to accept and process payments, otherwise known as merchant processing. But, what are merchant services?

Credit Card Payments 92

Credit Card Payments Transactions Small Businesses 92

Gaviti

OCTOBER 30, 2022

A/R collections are a question of cash flow, and few businesses these days can afford to provide services without promptly collecting on the payments they’re owed. A good place to begin is your invoice process. Assuming it’s feasible for your business, you can ask for pre-payments ahead of service, or just a deposit before work begins.

Credit and Collections 52

Credit and Collections Invoice Collections 52

Due

MARCH 8, 2023

The purpose of such services is to facilitate the quick completion of standalone tasks for an individual, business, or employer. The best way to become a top earner is to post a daily article for a long period of time. It may also be possible to ask participants about their opinions on competitors’ products or services.

Credit and Collections 126

Credit and Collections Credit Card Companies Small Businesses 126

NorthOne

MAY 2, 2023

Every time you purchase a product or service for your business, you’ll receive an invoice that must be processed and paid on time to avoid late fees and stay in the black. It’s also known as invoice processing.) Manual invoice processes can be time-consuming, error-prone, and costly for small businesses.

Credit Card Payments 52

Credit Card Payments Small Businesses 52

Lendio

DECEMBER 8, 2023

Real estate agents deal with hundreds of tasks throughout the property buying and selling process. Fortunately, you don’t need an accounting background to be successful in real estate—but you should have a general understanding to help you make the best strategic decisions for your real estate business. What is real estate accounting?

Brokerages 52

Brokerages Deductions Transactions Credit and Collections 52

Lendio

NOVEMBER 13, 2023

Whether you’re a seasoned professional in the construction arena or a committed entrepreneur interested in the industry, this guide is for you. The best way to think of it is as a collection of answers. Just know that it’s a fairly complex process to set up corporations, and the costs are higher than with a sole proprietorship.

Credit and Collections 52

Credit and Collections Small Businesses Default 52

FICO Blog

APRIL 12, 2023

Securitization generally refers to the process of converting a pool or group of assets into tradable securities, thus offering increased liquidity. mortgage-backed securities), auto loans, and credit card balances. The borrower’s credit score is one of the most critical factors in the valuation of securitizations.

Credit Scoring 52

Credit Scoring Default 52

Fundera

AUGUST 1, 2020

If you want to accept debit or credit card payments at your business, you’ll need to invest in merchant services. As a whole, merchant services include all of the financial tools, software, etc. required for you to accept and process card-based payments. What is a merchant account?

Credit Card Payments 52

Credit Card Payments Transactions Small Businesses 52

Lendio

JANUARY 15, 2023

You can’t control your customers, but you can control your customer service. Follow this Step-by-Step Guide to Creating a Business Plan to revise your strategy or start from scratch. Do you have loyal customers, an in-demand product or service, or a healthy rainy day fund? Control What You Can—Ignore What You Can’t.

Small Businesses 59

Small Businesses Default Transactions 59

Fundera

OCTOBER 11, 2016

So, small business owner, you want a business credit card … Great idea! Whether you’re using one to backup your business financing or just to have in your pocket for a rainy day, you’ll benefit from building your business credit and bringing in valuable rewards. What kind of purchases do you plan on using the card for?

Small Businesses 84

Small Businesses 84

Gaviti

MARCH 21, 2023

If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. We even list several popular strategies below, along with a few recommended services to consider. What is a good best practice?

Invoice to Cash 52

Invoice to Cash Credit and Collections Alternative Payment Methods Credit Card Payments 52

NorthOne

APRIL 27, 2023

Here’s a brief guide on how to pay an invoice the right way, so you can avoid late fees and foster good relationships with vendors. Verify the accuracy of the invoice Invoices need to be accurate, otherwise your business risks overpaying or underpaying for the products or services you order from vendors.

Credit and Collections 52

Credit and Collections Bankruptcy 52