Paystand Blog

Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.

What is Straight Through Processing?

Straight-through processing (STP) helps businesses speed up transaction processing by streamlining data sharing across multiple points in a fully-automated manner. In accounts receivable, STP is used to reduce errors and the amount of repetitive, menial tasks required to collect and reconcile payments.

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Daniella Bourguetts Daniella Bourguetts on November 11, 2020

What is a Bank Lockbox Service and How is it used for Payments

Across the cash management process, Bank Lockbox Services have been around for decades as a way for treasury and finance teams to improve their receivable process for checks and other payments sent through the mail. But in today's digitally connected Internet economy, electronic alternatives to traditional lockbox services have emerged.

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Eduardo Lopez Eduardo Lopez on October 22, 2020

Payments, B2B, Accounts Receivable, Lockbox Services

How Visa Interchange Rates Are Changing in 2020 and What That Means for Merchants

Earlier this year, Visa announced the biggest change to its interchange rates in 10 years. Under the new restructuring, credit card processing fees are either going up or down depending on your company's merchant category and how your customers swipe their card. This could have a huge impact on any business that has been hit hard by the pandemic.

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Daniella Bourguetts Daniella Bourguetts on September 8, 2020

merchant fees, Payment Processing

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