Earlier this year, the U.S. Postal Service posted a warning about mailing paper checks, citing an alarming rise in mail fraud. While mail theft has doubled, so have reports of check fraud, with 680,000 reports in 2022, up from 300,000 in 2021.

In today’s interconnected world, where digital transactions have become increasingly prevalent in business operations, the importance of robust cybersecurity measures cannot be overstated. As technology advances, so do the tactics of cyberattackers who seek to exploit companies’ vulnerabilities to gain access to sensitive financial information. 

Vendors and suppliers are the lifeblood of any business, playing a pivotal role in its success. They provide the goods and services necessary for companies to operate efficiently and meet customer demands. 

Efficiency is paramount for businesses to keep up with the speed of change. Yet, with the increasing complexity of financial transactions, along with the need for accurate and timely reporting, manual accounting processes can be time-consuming and error-prone. From tracking a company’s finances and paying vendors to receiving payments and invoices from clients, there are many necessary accounting activities that determine a company’s overall financial health. 

Whether operating a hotel, inn or resort, you want solutions to help you work smarter, not harder. Managing accounts payable requires more than just organizing the process, it’s also about prioritizing convenience and accuracy.

In the hospitality industry, it’s important to properly manage outbound payments to vendors and suppliers. An efficient accounts payable system enables timely payments to vendors to maintain a healthy financial relationship. Additionally, paying them on time ensures a smooth flow...

In today's digital age, Homeowners Associations (HOAs) face the challenge of managing various financial transactions while maintaining accurate resident records. No matter the number of communities serviced, manual accounts payable (AP) processes can be time-consuming, error-prone and hinder the overall productivity of HOAs. However, by embracing AP automation, HOAs can revolutionize their payment processes, increase efficiency and unlock valuable time and resources. This blog will explore the advantages...

The payments landscape is constantly evolving, particularly with the rise of digital payment technology. Aside from the improvements it brings to servicers and their back-office operations, it's also revolutionizing borrowers' mortgage servicing experiences. 

In today's fast-paced world, the automation of various business processes has become essential for organizations to improve efficiency and reduce manual errors. Educational institutions, from colleges and universities to public and private schools, handle various financial transactions such as tuition collection, lunch funds, paying external vendors and suppliers and more. Automating their accounts payable (AP) processes can significantly benefit any educational institution. 

The collaboration between REPAY and Quadient Accounts Receivable by YayPay is spearheading innovation in the realm of accounts receivable automation. Nicole Benitez from REPAY and Devon Lildhar from Quadient recently came together to discuss the emergent trends in this dynamic field.

In the age of technology and digitized processes, paper checks are gradually becoming a thing of the past. They were once one of the dominant payment methods, but today, roughly only 7% of consumers pay bills with paper checks. With the rise of electronic invoicing, mobile and digital payments, and online banking, consumers and businesses alike now have a wide range of options for making and receiving payments.