PAYSTAND BLOG

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

How to Digitize the Enterprise Cash Cycle, Part 1: Invoicing

Digitizing the enterprise cash cycle is a complex undertaking. Some companies avoid it entirely for fear of losing customers or incurring operational expenses. Others attempt it in an effort to save time and reduce costs, but regularly miss the mark. To kick off 2019, we’ll be taking a look at the enterprise cash cycle and what it means to truly modernize your business relative to payments.

Scott Campbell Scott Campbell on January 18, 2019

Business Process Management, automation, AR, Payment Solutions, e-invoicing

Surcharging: A State-by-State Guide

Surcharging, a topic we discussed in our previous blog post, is when a merchant adds a fee to a customer’s credit card transaction. The practice is an attempt to compensate merchants for the credit card processing/interchange fees they have to pay credit card companies when customers use those types of payment rails. However, consumer attitudes towards surcharging varies by demographics. Credit card companies also have policies on surcharging. But with 50 state consumer laws to contend with, the legality of surcharging also varies on a state-by-state basis. To help, we’ve put together an overview of surcharging and its legality across the country.

Kenzie Earle Kenzie Earle on August 22, 2017

Surcharging, AR, Alternate Payment Rails

Surcharging 101: Understanding the Basics

For businesses that accept credit cards, processing fees are a constant pain. Varying pricing models, vague regulations and new technology often create unwanted expenses. In fact, 55 percent of America's 27 million small businesses do not accept credit cards. But with credit and debit cards being nearly as common as cash, merchants are starting to pay attention to accepting credit card transactions. Surcharging offers businesses a means of defraying costs associated with credit card acceptance by recovering the higher costs from the customer.  

Kenzie Earle Kenzie Earle on August 17, 2017

Surcharging, AR, Strategy

Top Software for Insurance Providers

Insurance providers, carriers, MGAs, brokers and agents all need software to make the process of buying and selling insurance an easier process for all parties involved. In recent years, automation within the insurance industry has expanded to include digital options for the way the modern insurance consumer lives his life today. The most helpful software products for insurance professionals are ones that are rated highly in the areas of customer service, ease of use, value for money and features and functionality. Here are some of the latest innovative software products revolutionizing the insurance industry. 

Kenzie Earle Kenzie Earle on August 10, 2017

insurance, AR, Top Software

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