Skip to content

Recent Posts by Kristen Hoyman

Losing Revenue Doesn’t Need to Be the Norm for Any Financial Institution

Losing Revenue Doesn’t Need to Be the Norm for Any Financial Institution

It often feels counterintuitive for financial institutions to write off bad debts. After all, a loan portfolio is an asset toward any financial institution’s future revenue. Also, if a financial institution is unable to practice debt collection effectively, how can other businesses follow suit? So, why do financial institutions write off bad debt? How can they find opportunities to recoup this lost revenue? Could data analytics be useful in helping organizations to work out which debtors are likely to make...

Read More
What Are Push Payments & Why Do Lenders Need Them?

What Are Push Payments & Why Do Lenders Need Them?

Thanks to the fintech industry, more firms are making more consumer loans at lower interest rates than ever before. 

Read More
Mobile Apps Make Payments Easy

Mobile Apps Make Payments Easy

More people are using mobile apps to pay for more items – from morning coffee to car notes to rent – than ever before.

Read More
Collection Firms: Collect Faster with More Payment Options

Collection Firms: Collect Faster with More Payment Options

For your collections business, we’re sure you’d agree that you need to collect faster on your portfolio to make more money.

Read More
Buyer Initiated Payments – Giving Your B2B Sales A Boost

Buyer Initiated Payments – Giving Your B2B Sales A Boost

BIPs or buyer initiated payments are increasingly being seen as one of the best ways to boost B2B sales. Sometimes called “push payments,” BIPs are a form of commercial card transaction that is very different from standard card processing.

Read More
A New Approach to Service: Automated and Unassisted Payments

A New Approach to Service: Automated and Unassisted Payments

There’s no doubt that consumer preferences are evolving quickly while expectations for high quality service continue to rise. Dealers not only have to identify the right mix of product and service offerings to attract new customers, they must consider how to effectively nurture these customers past the initial sale to develop long term relationships and establish recurring revenue streams.

Read More
Contactless and Digital Payments

Contactless and Digital Payments

Nearly every business in the business to consumer (B2C) space needs to have a payments option and most in the business to business (B2B) space need one, too. What used to be a convenience is now a requirement. The lack of many options not long ago meant that B2C and B2B payments were simple and streamlined. It used to be easy for a business. Sign up with a processor, get a terminal in your store or office, process payments and move along to the next initiative. But things are changing...

Read More
Business Intelligence: Using Data to Uncover Trends

Business Intelligence: Using Data to Uncover Trends

Business intelligence (BI) seems to be the hottest new buzzword in town and can be found across a multitude of industries and platforms. For those who don’t understand it, or perhaps for those who haven’t had the chance to fully realize its purpose and impacts, it can be vague and often intimidating. Upon hearing the term, you may imagine a robot spitting out data or an unending sequence of unreadable formula tables and statistical jargon. These preconceived notions may not be entirely misplaced, but the...

Read More
An Examination of Healthcare Revenue Management Systems

An Examination of Healthcare Revenue Management Systems

Running a successful healthcare provision requires a number of tasks to be efficiently accomplished. However, whether your organization is a small private practice with only a handful of staff members or a large multi location network of interlinked hospitals or clinics, there is no doubt that an effective healthcare revenue management system is the key to success.

Read More

What Is Merchant Processing?

Being able to collect and process payments from customers is a key function of any business, regardless of its size or type. With the number of options available for payment processing expanding on a regular basis, it could not be more important for company owners to understand the different methods available for them to choose from. The question “what is merchant processing?” is often asked by those who are new to setting up their own business. The answer is relatively simple.

Read More
All posts