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). 

Hospitals, clinics and physician locations all over the country are scaling at increasing rates, and it has become necessary for providers to invest in systems that can sustain the companies’ growth. Large healthcare providers have recently reported they could benefit from the reduced operating costs, streamlined workflows, expedited payment processes and maximized efficiency that comes with integrated technology like accounts payable (AP) automation.

Customer expectations and demands constantly change. We live in a digital age where customers value seamless, convenient and flexible experiences that allow them to pay wherever they are and however they want. According to McKinsey, over three-quarters of Americans use digital payments, including contactless in-store purchases, browser or in-app online payments and person-to-person payments. 

In today's digital age, convenience, reliability and security are top of mind for companies wanting to keep their customers satisfied. 

Payment digitization has transformed how businesses and consumers pay. Consumers, including borrowers, are looking for faster and more convenient payment options and are not afraid to seek out providers who offer their preferred payment technology.

Over the past few years, credit unions have been at a major disadvantage when it comes to attracting new members. Contactless payment technology quickly became the norm during the first few chaotic months of the pandemic, forcing many businesses, especially those in the financial sector, to scramble toward implementing this new technology.

Most people dread tax season, a typically chaotic time when we scramble to get our documents organized in a timely and accurate manner. Some of us get them done quickly, while others wait until the last minute.

There is a lot to think about when searching for a Sage payment processing provider. The process is often time consuming and complicated. Many payment processors will tell you that they can offer you the best rates but few will reveal how they set their pricing. Instead, you will often be forced to sift through deliberately confusing merchant statements while trying to find the best rates for your business and discern what hidden fees you are being charged.

Much more important than pricing, however, is...