The Paystand Bank Network allows you to move money electronically without paying any transaction fees. Paystand covers over 90% of the US banking market and 98% of all commercial accounts, making it the most complete digital payment network available to businesses today.
Eduardo Lopez
on November 13, 2019
Real-time payments, machine learning, decentralized ledgers – how do you sort through the hype and figure out what’s important in 2020? That's what this year's AFP Treasury and Finance Conference was all about. The event, which attracted more than 7,000 attendees, highlighted how technology is expected to continue disrupting accounting and finance. Read on for an insider’s recap of the event's top takeaways.
Eduardo Lopez
on November 5, 2019
In just over three weeks, over 7,000 finance leaders will meet in Boston for this year’s AFP 2019 at the Boston Convention & Exhibition Center.
AFP is one of the most forward-thinking finance events of the year. Speakers from various industries come together to provide actionable advice on the trends and tools you should be focusing on for 2020 and beyond.
Eduardo Lopez
on September 24, 2019
Today’s world is highly automated, from the sales email in your inbox to the money that gets deposited in your bank account every two weeks.
Across every function from marketing to sales to HR and Support, automation has become a key to success. Now it’s time for finance teams to benefit from the cost savings, profit, and productivity that only automation can deliver.
Eduardo Lopez
on September 17, 2019
A powerful, cost-effective payments process isn’t something that happens by itself; rather, it’s a thoughtful process of weighing data, hidden costs, and risk on one hand while balancing your time, bandwidth, and customer relationships on the other.
Eduardo Lopez
on September 11, 2019
Paper checks are one of the most costly ways you can collect payments from your customers. Many businesses think getting paid by check is free, but this couldn’t be further from the truth. Paper checks are loaded with labor costs, processing fees, and hidden markups. Last year alone, North American businesses processed over $18 trillion in paper checks, and it cost them a staggering $550 billion in profit due to delays, labor, and errors.
Eduardo Lopez
on September 4, 2019
Payments, Paper Checks, Digital Payment, Paystand Bank Network
Creating a modern B2B payments experience comes down to one idea: transactions should be frictionless.
There's no reason a customer should worry about how much they're being charged or whether a transaction is secure. Vendors shouldn’t spend time thinking about what payment methods to accept, how quickly they'll receive payment, or how to integrate those payments into their overall cash cycle. All of those things should be automatic.
Eduardo Lopez
on July 9, 2019
payments-as-a-service, blockchain, Digital Payment, automation
In our last look at traditional lockboxes, we learned what is entailed in the involved process and that there is a large margin for error. The current challenges include poor working capital optimization, zero cash visibility and friction in buyer-supplier relations due to frustrating limitations in the payments realm. One of the biggest issues in B2B payment processing is that both buyers and suppliers are comfortable with the way they’re processing payments now – even if the method is antiquated and ineffective. PayStand aims to stand by a progressive methodology in order to promote a higher standard in for players in the world of FinTech and the businesses that are impacted by it.
Kenzie Earle
on June 26, 2017
SaaS, blockchain, Billing Portal, AR Solutions, Digital Payment, Payment remittance, Payment as a service
Despite widespread availability and development of digital payment methods, paper checks are still alive and well in the world of Enterprise. The phrase "paperless society" is thrown around without much weight and may have many believing that swipes of plastic, insertion of chip readers and cash transfers at the click of a mouse are the predominate means of paying bills. Where this presumption may be more relevant on a B2C basis, the reality is that in 2016, 97% of companies that participated in a research study are still using paper checks to pay vendors and receive payment from customers. Looking at this from a sheer numbers standpoint, this means that there is $550 Billion stuck in pre-Internet paper, plastic, & manual processes. The Financial Revolution is here, so what is making the paper check so seasonable?
Kenzie Earle
on April 20, 2017
B2B, Paper Checks, Payment Solutions, Digital Payment, B2B Payments
Paystand is on a mission to create a more open financial system, starting with B2B payments. Using blockchain and cloud technology, we pioneered Payments-as-a-Service to digitize and automate your entire cash lifecycle. Our software makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue.
Paystand
1800 Green Hills Road
Suite 110
Scotts Valley, CA 95066
Questions?
(800) 708-6413 (9-6pm, Pacific)
inquiries@paystand.com
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