Paystand Blog

Oct 5, 2021 by Mark Fisher

Blockchain-enabled B2B payment leader to participate in the 10th annual conference for NetSuite customers and partners

Sep 2, 2021 by Mark Fisher

From the first recorded digital payment in 1994, the movement of money throughout the global economy has undergone tremendous developments and changes. While the vast majority of consumers have paid for goods and services online with credit cards or bank transfers, today, the concept of money is still evolving as cryptocurrencies continue to see widespread adoption. Whole industries have grown up around blockchain technology, cybersecurity services, biometric authentication, and more.

Aug 31, 2021 by Mark Fisher

An accounts receivable and accounts payable department should work as a well-oiled machine for setting the cash flow tone in a business. Figuring out how the money could move more efficiently is at the top of every CFO’s list, and that includes finding the right payment processor for his or her team and customers.

Aug 24, 2021 by Mark Fisher

Today’s business leaders face one of the fastest, most competitive commercial landscapes in history. Both technology and consumer expectations are accelerating at a phenomenal pace and, as a result, the organizations that can get operational structures such as accounting and invoicing systems more streamlined and as efficient as possible will have a significant competitive advantage.

Aug 19, 2021 by Mark Fisher

The way our customers pay for things is changing. But that is good news.

Aug 17, 2021 by Mark Fisher

There’s no question that today’s enterprise companies find themselves on a constant search for both the processes and technologies needed to automate their accounting systems, and, in many cases, the legacy payment infrastructure serves as a significant barrier to achieving this when it comes to being as cost-effective as possible. However, even as new payment solutions enter the market, it’s essential for executives to understand how they compare with one another and against the conventional payment systems that exist today – especially when many offerings aren’t designed to support B2B transactions.

Aug 10, 2021 by Mark Fisher

ERP systems have revolutionized how accounting departments track payments, but these digital systems aren’t without their challenges. These systems often fall short when it comes to user experience and analytics, and that’s where integrations come in.

Aug 5, 2021 by Mark Fisher

Aug 3, 2021 by Mark Fisher

Interchange fees are inherently tied to the legacy payment system. In fact, if you're a business owner, there is a 100% chance that at some point you've been paid with a credit card, and – you guessed it – that means you've also been subjected to pay a transaction fee for the process of accepting that payment from your customer. While most merchants accept interchange fees without batting an eye, the truth is that very few businesses truly understand what interchange rates are or how they work. As a result, that means most of them are missing out on critical information that can help boost their company's margins, ROI, and revenue in the long run.

Jul 7, 2021 by Mark Fisher

TL/DR; Implementing Paystand's Payer Incentives module creates significant shifts in payment behavior away from cards and saves businesses an average of 67% on punitive transaction fees.