Paystand Blog

Mar 23, 2017 by Kenzie Earle

In the digital age, companies are continually seeking innovative solutions to boost profits, increase systems efficiency, and achieve greater customer outreach. With heightened public awareness around renewable energy and stricter environmental regulations, solar energy is increasing both in value and demand. According to the Solar Energy Industries Association®, solar energy has experienced a compound annual growth rate of more than 60% in the last decade, largely due to the Solar Investment Tax Credit (ITC). Today, nearly 209,000 Americans work in the solar industry, and that number is expected to increase to more than 360,000 workers by 2021.3

Mar 14, 2017 by Kenzie Earle

In our last article on traditional lockbox services, we learned that though it’s an antiquated method, traditional lockboxes are still the dominant way enterprise businesses transact. There is $550 billion lost while businesses continue to transact manually with other businesses via paper check. You don’t see people clutching their rotary phones after being offered the brilliance and convenience of an iPhone…after learning a bit about what Digital (aka Electronic) Lockboxes offer, you will understand why it’s a payment solution that is finally gaining traction.

Jan 12, 2017 by Kenzie Earle

Solar Power & Renewable energy is one of the most promising new technologies of this century to sweep the nation.  A positive change to the legacy energy sector, solar aims to improve the environmental impact, lower cost for customers, and provide a new source to the aging grids.  With this growth, over the last decade solar has turned into a highly competitive industry, with each company eager to outbid the next to establish brand and become the dominant player as the nascent industry grows.  With this competition, the key question as a solar operator becomes how can you adopt a competitive advantage to improve efficiency and lower your costs.

Oct 26, 2016 by Erica Zeidenberg

Today Paystand, is introducing a completely new way for enterprise payments to leverage the blockchain. For the first time in the industry, Paystand customers have the option to certify and notarize payments on the blockchain (from payment requests & invoices to completed payment receipts) to ensure that the history of payments are secure, auditable, independently verifiable, and free of tampering.

Oct 19, 2016 by Erica Zeidenberg

Jeremy Almond, cofounder & CEO at Paystand, has been accepted into the Forbes Finance Council, an invitation-only community for senior executives in accounting, financial planning & investment, wealth & asset management, and financial firms.

Feb 11, 2016 by Jeremy Almond

It’s been said that “software is eating the world” - and it’s true. Software platforms for businesses (aka B2B software platforms) are proliferating at an accelerating rate, serving a dizzying array of business needs including accounting, project management, time tracking, billing, CRM, and many others. Developers are racing to fill the needs, creating broad-based “generic” platforms as well as highly specialized tools that cater to the specific needs of particular industries. So whether a company sells organic beverages to corner groceries or horse feed for thoroughbreds, there are probably multiple tools available to help them to better manage their business. The abundance of tools creates an imperative for platform providers to continuously add new capabilities to deliver value to their users. Increasingly, B2B software platform providers are turning to payment services as a key area of innovation.

Nov 17, 2015 by Scott Campbell

Here in Silicon Valley it’s easy to forget that not every business process has been transformed by tech’s magic wand. Case in point: over half of all business-to-business payments still take place by paper check, sent via snail-mail. Even more surprising is that many of the companies we talk to are perfectly satisfied with a process that works exactly the same as it did 75 years ago. Are check payments a perfect example of “If it ain’t broke, don’t fix it?” Or has the gospel of digital payments just not reached the traditional business world yet?

Aug 31, 2015 by Jeremy Almond

This article originally appeared on CoinDesk.

Aug 16, 2015 by Scott Campbell

Jun 20, 2015 by Scott Campbell

An electronic check has many names - eCheck, direct debit, direct deposit, and online check are just a few. And while credit cards have been the default payment method for businesses for over a decade, this new alternative is making headway. Essentially a form of ACH processing, eCheck Processing enable your customers to pay you directly from their bank account, using their secure online banking login. Your customer can authorize a one-time or recurring payment as quickly as a credit card transaction. But that's not all. A customer or merchant can even take picture of their paper check and upload it to their payments portal, and the bank will initiate an ACH transaction after "reading" the check. But in most cases, you don't even need the flimsy, outdated piece of paper. Electronic checks are by and large used completely online.