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Five Methods You Can Use to Reduce Late Payments

Five Methods You Can Use to Reduce Late Payments

Late payments can disrupt your business's cash flow and hinder growth, whether you're a startup or a well-established company. Dealing with economic challenges and evolving payment technologies makes it crucial for businesses to find simple and effective solutions to tackle late payments. 

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How to Increase Collection Productivity While Decreasing Costs

How to Increase Collection Productivity While Decreasing Costs

No matter how well you have set up your collections business, sooner or later, inefficiencies can creep in causing incremental operating cost increases. Many times it is caused by departmental quarterly focus; intentional or not, the various departments within your organization can fall back on operating within functional silos. When that happens, operational redundancies occur. Instead of acting independently, the departments must act in an integrated company-wide manner because such redundancies can lead...

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Maximizing Your Finances: Optimizing Cash Flow and Mitigating Risk with Multiple Sponsor Banks and Payment Methods

Maximizing Your Finances: Optimizing Cash Flow and Mitigating Risk with Multiple Sponsor Banks and Payment Methods

The collapse of the Silicon Valley Bank (SVB) in March 2023 signaled an uncertain outlook for the U.S. economy and emphasized the need for businesses to consider several aspects of their payment processing approach while taking into account an ever-changing regulatory environment.

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Integrated Payments Improve Efficiencies for Collections Agencies

Integrated Payments Improve Efficiencies for Collections Agencies

From collection law firms to debt buyers to healthcare collection companies, collections agencies are always busy serving customers, inputting customer data, setting up payment plans and retrieving payments. Manually managing these processes is time-consuming and costs your agency more than just money. In today's digital age, integrated payments are a game-changer and crucial for the everyday functions of the collections industry. 

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Upgrade Your Hospitality Payment Processes with Digital Solutions

Upgrade Your Hospitality Payment Processes with Digital Solutions

In the hospitality industry, managing finances is an essential task that can significantly impact the success of a business. Key aspects of financial management include accounts receivable (AR) and accounts payable (AP). This blog will discuss AR and AP, why they are essential, and how you can effectively manage them for the hospitality industry.

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8 Things Your Payment Provider Must Have in the ARM Industry

8 Things Your Payment Provider Must Have in the ARM Industry

Optimize your ARM business with the right payment processor!

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Top 5 Trends in ARM: Payment Acceptance Shifts in the Collection Industry

Top 5 Trends in ARM: Payment Acceptance Shifts in the Collection Industry

Every industry is seeing drastic changes in how they operate their business; ARM is no exception. Depending on your industry, things can fluctuate quickly or stay at the same pace for years. However, in the wake of the pandemic, we have noticed a few significant trends in the ARM industry that collection agencies have seen in 2020 that are likely to continue in the future.

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How to Improve Your Collections Process in 5 Steps

How to Improve Your Collections Process in 5 Steps

Improve Your Collections Process Through Payments!

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Top 5 Tips for Collections Businesses

Top 5 Tips for Collections Businesses

Many small to mid-sized businesses find payments to be their most significant challenge. Odd, we know, but all too common. You’d think companies would want to develop the simplest way to accept and receive money. This is especially true of the ARM/collections industry.

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Managing Delinquencies in Subprime Auto

Managing Delinquencies in Subprime Auto

Delinquencies were increasing before the virus outbreak. What happens now? Even before the massive drop in economic activity due to COVID-19, there were signs of trouble brewing on the subprime loan side of the auto lending market. Now more than ever, it's important for subprime lenders to understand and effectively manage these delinquencies.

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