Recent Posts by Megan Karbula

Five Things You Should Know About PCI Compliance

Five Things You Should Know About PCI Compliance

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...

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Hospitality Conglomerate Improves Operations with AP Automation

Hospitality Conglomerate Improves Operations with AP Automation

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...

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What is ACH Payment Processing?

What is ACH Payment Processing?

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). 

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How Accounts Payable Automation Benefits Healthcare Providers

How Accounts Payable Automation Benefits Healthcare Providers

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.

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What is Omni-Channel Payment Processing?

What is Omni-Channel Payment Processing?

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. 

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What is Integrated Payment Processing?

What is Integrated Payment Processing?

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

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REPAY Study Highlights Importance of Digital Payments When Choosing a Loan Provider

REPAY Study Highlights Importance of Digital Payments When Choosing a Loan Provider

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.

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Mobile Payments for Credit Unions in 2022

Mobile Payments for Credit Unions in 2022

 

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.

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How Omni-channel Payments Help Support Busy Tax Season

How Omni-channel Payments Help Support Busy Tax Season

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.

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