Payment fraud has been rising for years as fraud schemes become easier to execute. The increased reliance on digital platforms, processes and payments has given fraudsters more ways to commit crimes. Studies show that in 2023, businesses' cost of fraud could rise by $7 billion, bringing the total to $48 billion. With such staggering predictions, taking the necessary precautions to mitigate these attempts is essential. 

Organizations are under immense pressure to do more with less in today's economy. After relying on traditional business processes and legacy systems for years, they're now having to step out of their comfort zones in search of ways to enhance operations and cut costs. Digital payment technology has emerged as a viable approach to improve and streamline back-office functions such as AP (accounts payable) and AR (accounts receivable), eliminating costly bottlenecks. 

REPAY partnered with a Florida school system to optimize its payments to vendors. As one of the largest public school systems in the United States, the system has over 270,000 students across 300 schools and educational centers.

As the world moves toward digital payments, some sectors have hesitated to shift. For example, when it comes to B2B accounts receivable (AR) and accounts payable (AP), you rarely see digital money transfers. Many businesses are still clinging to the friction-filled legacy systems that require manual processes such as cutting checks and initiating ACH payments. However, while these methods may be tried and true, they're also time consuming, unreliable and can hinder a business, especially in times of...

Since 1999, AutoAction, a leading dealership management software (DMS) provider for independent Texas car dealers, has focused on providing robust technology solutions that solve dealers' daily challenges. From inventory acquisition to sales and finance, AutoAction helps streamline business operations and maintain compliance with federal and state laws and regulations. 

Customer demands and preferences are constantly changing. They value convenience and speed during the payment experience in today's fast-paced environment. As a business owner, it's essential to provide payment options that satisfy their wants and needs. Offering multiple payment options can expand your customer base while enhancing the customer experience. 

REPAY partnered with a North Carolina health system to improve and digitize its accounts payable processes. The 133-bed, non-profit community hospital has served both the north-central North Carolina and southwestern Virginia areas for over 60 years and provides acute care, skilled nursing and physician services. 

Today, credit cards are used for 28 percent of all payments—the highest level since 2016. As credit and debit card usage gains more traction, all possible measures must be taken for secure handling because card fraud remains a constant threat. PCI DSS (Payment Card Industry Data Security Standard) compliance aims to hold major card brands responsible for enhancing security standards and mitigating credit and debit card fraud risk. Any business that stores, processes or transmits payment cardholder data...

REPAY partnered with a hospitality giant to digitize their vendor payment processes and generate revenue from virtual card rebates. The Nevada-based organization, which owns some of the most recognizable lodging and resort brands globally, was looking to reduce AP-related expenses and maximize rebates. The hospitality conglomerate, consisting of hotel and entertainment companies, sought to replace its legacy payment system with newer technology that could improve operational efficiencies and rebate income...

What's ACH?

ACH, or Automated Clearing House, is the technology that processes electronic financial transactions between all banking and financial institutions throughout the U.S. and is governed by Nacha. Within the network, ACH payments are composed of two electronic payment types: ACH debit (e.g., bill payments) and ACH credit (e.g., direct deposits such as refunds, government benefits and more).