Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
The Future of Payments is Here With the Paystand Bank Network
Jan 26, 2023 by Zazil Martinez
A significant indicator of business success is customer satisfaction. Companies can achieve it by listening and attending to their needs. One of these needs is offering different payment methods.
Optimize Your Revenue with a Zero-Fee Payment Strategy
Jan 25, 2023 by Kelsey Banerjee
Credit card processing fees and other transaction costs cut deep into business revenue—in 2021 alone, U.S. merchants paid $137.83 billion in fees. And that’s just for accepting credit card payments.
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Knocking Down Barriers for a More Open and Equitable Financial Future
Jan 20, 2023 by Sage Thee
Here at Paystand, we believe that financial institutions have locked their customers into restrictive, expensive processes to collect and track revenue for far too long. These inefficient legacy operations result in time-consuming, costly, manual processes that cut into your bottom line.
Looking Ahead at Real-Time Payments in 2023
Jan 17, 2023 by Kelsey Banerjee
According to a recent survey, 9 out 10 business leaders are interested in pursuing real-time payments (RTP), and it’s not so they can be paid faster. Other key reasons include:
How Long do B2B Payments Take (and How to Speed Them Up)
Jan 5, 2023 by Zazil Martinez
As markets and players' consumption patterns evolve, processes sometimes follow at different speeds. Payment solutions are one of them. Speed is a key component in the evolution of B2B payments.
Importance of Customer Databases
Dec 15, 2022 by Zazil Martinez
Much has been said about the countless advantages of automating AR processes. Saving time, money, and other resources are the most important. But we must take care of several details to achieve optimal automation.
The Future Beyond Credit Card Fees
Dec 6, 2022 by Sage Thee
Here at Paystand, we believe that the best possible option for businesses is reducing credit card transactions.
Higher Conversion Rates with Online Payment Optimization
Nov 10, 2022 by Zazil Martinez
Delivering the right payment experience to customers is crucial. A huge transformation has already occurred, but the pace is constantly accelerating. New payment methods are appearing, and security standards and consumer demands are increasing.
Attracting Merchants with PaaS Solutions
Nov 1, 2022 by Sage Thee
First things first, what is Payments-as-a-service (PaaS)? PaaS upends the traditional fee-based payment model, utilizing a subscription-based software model instead. That means you pay a flat monthly rate to use PaaS software instead of losing a cut of every transaction to processing and transaction fees.
Merchant Account vs. Payment Gateway
Oct 26, 2022 by Kelsey Banerjee
Over the past decade, payment processing has changed, often for the better. And as online payments become the norm, the payment process becomes more complicated. For finance teams looking to build out their payment strategy, it's about more than payment options. It's joining hands with the right merchant service providers.
Are Online Payments Really Secure?
Sep 2, 2022 by Izzy Howell
Today, almost every element of our daily lives have been disrupted by technology. Our analog world has moved entirely online, and the global pandemic has only increased our reliance on software — especially for tasks that are essential to work.
The Complete Guide to Disbursements
Sep 2, 2022 by Izzy Howell
What is a disbursement? And what is the disbursement of funds? Understanding these definitions — and knowing how disbursements differ from reimbursements and payments — is critical to ensuring your business avoids accounting errors that could be detrimental to your bottom line.