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Payments Help Desk

The Elevation Blog

Payments Choice: Good or Bad in a Faster Payments Environment?

Posted by Janet Estep, CEO - NACHA on Apr 25, 2018 12:38:04 PM

Jan Estep, President & CEO, NACHA

Choice. Is it good or bad?  Most people would say that choice is great.  Having options at dinner time satisfies those with different tastes or different diets. Having clothing options allow for appropriate attire for different activities. 

But all choice has an impact. Take for instance a technology choice: DVD versus Blu-Ray. Blu-ray has a larger storage capacity, therefore allowing for higher quality video and audio, making it appealing. But a choice for Blu-ray requires investment in additional technology: a Blu-ray Player. 

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Topics: Faster Payments, ACH Payments

ISO 20022 Request for Payment Now Live in U.S. ACH: Simplifies B2B Remittance

Posted by Robert Unger on Apr 19, 2018 3:56:51 PM

By Rob Unger

The majority of U.S. corporations have an atrocious cash application hit rate for B2B payments, where less than 20 percent of payments are processed automatically, and applied to open invoices without manual intervention. 

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Topics: ACH Network, ACH Payments, Accounts Payable, Accounts Receivable

5 Ways to Drive Customers to Pay You via ACH

Posted by Robert Unger on Jun 13, 2017 9:31:52 PM

You want more ACH payments from your customers because ACH: 

  • Costs less;
  • Requires less labor to process than checks and you can’t increase hires (or have to decrease head count);
  • Improves cash flow and DSO (days sales outstanding);
  • Provides customer convenience with an option for credit (i.e. “push”) and/or debit (i.e. “pull) payments;
  • Reduces fraud exposure;
  • Carries a boatload of remittance details for easier cash application, particularly for B2B payments.
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Topics: ACH, Faster Payments, Webinar, ACH Payments, B2B

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