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How to Accept Credit Card Payments for your Small Business

Lendio

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. If you’re trying to decide whether you should accept credit card payments, it’s never been easier. Why accept credit cards?

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FedNow fraud prevention for credit unions: A guide for AML, fraud teams

Abrigo

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. Use this guide to understand available tools and the steps AML and fraud teams should take. You might also like this FedNow implementation guide with details on appropriate AML/CFT and fraud considerations.

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Effective Strategies to Reduce Debtor Days

Know-It Global

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.

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SBA Microloans: A Comprehensive Guide

Lendio

Unlike other types of loans, you may qualify even with a limited credit history. Some SBA microloan lenders will have credit and cash flow requirements, while others may not. Faster funding: If you apply for a traditional SBA loan, the application and funding process can take months to complete.

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Financial Literacy: 10 Ways to Improve It

Due

In addition to student loans, mortgages, credit cards, investments, and health insurance, financial literacy affects many aspects of life. A big part of that is keeping tabs on their bank and credit card accounts to spot potential fraud as soon as possible. For comparison’s sake, in 2021, it was about 11%.

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When Your Credit Card Gets Declined – 13 Things to Do Immediately

Due

Getting your credit card declined isn’t something you would like to experience in public. An uncomfortable mix of panic, embarrassment, and frustration grips you as the payment processing machine displays the irritating message ‘Your transaction has been declined’. Transactions on credit cards can fail due to several reasons.

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How to get paid faster: 10 pro tips to optimize payments

billtrust

How to get paid faster: 10 pro tips to optimize payments. 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? Below are ten pro tips to optimize payments and additional tricks to speed up your payment processing.