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Payments Help Desk

The Elevation Blog

ACH for Bill Payments: 5 Trends to Watch

Posted by Guest Author: Alison Arthur, Alacriti on Nov 6, 2018 1:45:00 PM

What choices do consumers make when paying their bills? Are there certain industries that are more likely to receive bill payments via ACH? Does ACH usage increase or decrease depending on the amount of each bill payment? And does the frequency with which customers pay their bills influence the likelihood of choosing ACH as a funding source?

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Topics: Electronic Payments, Payments, ACH Payments

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

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, ACH Payments, Faster Payments, B2B, Webinar

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