Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Why card monopolies are failing B2B businesses
Feb 19, 2021 by Daniella Bourguetts
If the last couple of years have taught us anything is that change is inevitable. On most occasions, it's impossible to predict global pandemics or the financial implications of profound political changes in the worldwide landscape.
#10: The Journey to Zero
Feb 4, 2021 by Daniella Bourguetts
Editor’s note: Hello, readers. Welcome to the first newsletter of 2021. To kick off the year, we're setting the stage for what it means to create a new financial infrastructure for the B2B industry. It's something we call: The Journey to Zero. Subscribe now.
The Journey to Zero: How Paystand is Changing B2B Payments
Feb 3, 2021 by Daniella Bourguetts
Of the myriad problems facing businesses today, one over-arching challenge dominates all else: the B2B financial system remains essentially unchanged since the middle of the 20th century. At its core exists a fee-based transaction model for payments that no longer meets the needs of modern, digital-first businesses.
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What is Straight Through Processing?
Nov 11, 2020 by Daniella Bourguetts
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.
#07: A Sound of Digital Payment Thunder
Oct 28, 2020 by Daniella Bourguetts
Editor’s note: Hey there, my name is Daniela and I’m the editor of Paystand’s monthly newsletter. Each month, I send a roundup of the best payments and finance content from Paystand and around the web, direct to your inbox. Don’t miss the next issue. Subscribe now.
What payment methods should B2B businesses accept?
Oct 27, 2020 by Daniella Bourguetts
Over the past decade, payment methods have evolved to support different consumer and business needs.
#06: The Value of Owning the Payment Process
Sep 22, 2020 by Daniella Bourguetts
Editor’s note: Hey there, my name is Daniela. I'm the new editor of Paystand's monthly newsletter. After a great start and five issues, Sarah is passing the torch. But don't worry, you're in great hands. I'll still be sending you a roundup of the best payments and finance content from Paystand and around the web, every month. Don't miss the next issue. Subscribe now.
How Visa Interchange Rates Are Changing in 2020 and What That Means for Merchants
Sep 8, 2020 by Daniella Bourguetts
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.
A Quick Guide to Understanding Accounts Receivable Management
Aug 25, 2020 by Daniella Bourguetts
Accounts receivable (AR) management is an important part of maintaining healthy cash flow. Having a streamlined and efficient AR process prevents your existing capital from going to waste, which puts your business in a better position to reduce debt, lower costs, drive growth and outperform your competitors.
How Automated Payment Solutions Can Enhance Your Business
Aug 11, 2020 by Daniella Bourguetts
Automated payment solutions can help your business succeed, but so can lots of other things. So why use payment automation? What are the benefits of automating the payment collection and reconciliation process for your business?
B2B Digital Payments Stats for Merchants to Know in 2020
Jul 30, 2020 by Daniella Bourguetts
In the last decade, the B2B space has increasingly shifted toward digital payments. Consumers are now spending more with contactless and cashless payment options than ever before. In fact, there was more than $4.1 trillion in digital transactions in 2019 alone.