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.

It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”

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.

Payment gateways and processors are what make the magic happen - at least on the consumer's end. To understand how these technologies work, you'll have to learn what's going on behind the scenes of this intricate financial dance.

2020 was a year filled with disruption. Businesses everywhere needed to adapt to shutdowns, shift their operations to a remote workforce, and rethink long-standing business processes.  From new standards in customer experience to new technologies to sweeping industry change.  The payment industry was no exception.

There were many ways the B2B and B2C businesses adapted to the “New Normal” this last year.  The question remains – which of the many 2020 payment trends we identified last year are making the jump...

The payment industry is constantly changing, evolving, and upgrading. In the past few years, the financial industry has seen the rise of FinTech, eCommerce, cashless payments, and much more. Business owners accepting credit cards rely on experts in the field to provide the best in payment processing services, such as all-in-one payment providers, as well as omni-channel and integrated payment solutions. In this blog, we will detail exactly what are third party payment processors (also known as merchant...