HelpDesk_WebMast_5.png

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?

Read More

Topics: Electronic Payments, Payments, ACH Payments

Two Strategies for Reducing B2B Credit Card Acceptance Costs

Posted by Guest Author: Anand Goel, Optimized Payments Consulting on Sep 14, 2017 2:56:26 PM

By Robert Unger


According to Mercator Advisory Group analysis, U.S. commercial card payments grew at a compound annual rate of 9 percent from 2013 to 2015.1 In 2015, commercial card volume reached $428 billion.  This figure only represents about 1 percent of the B2B payments market (including check, ACH, wire transfer and cards) that totals $23 trillion (USD). 

Read More

Topics: Receivables, Payments, payment costs, cash flow, Payments Consulting, Webinar, Electronic Payments, credit card, credit card cost, credit card cost analysis, commercial card, commercial card costs, interchange, reducing interchange

Understanding and Tracking Card Payment Acceptance Costs

Posted by Robert Unger on Aug 23, 2017 6:55:57 PM

By Robert Unger

Credit and debit card payments are surging.  The “2016 Federal Reserve Payments Study,” which has been tracking longitudinal trends in consumer and business payments, cites that: 

Payments made with general-purpose credit cards and with non-prepaid debit cards each grew faster than other payment types from 2012 to 2015, in terms of both percentage growth and growth by number.

Read More

Topics: Receivables, Payments, payment costs, cash flow, Payments Consulting, Webinar, Electronic Payments, credit card, credit card cost, credit card cost analysis

Faster Cash Flow and Lower Payment Costs with Same Day ACH

Posted by Robert Unger on Aug 3, 2017 11:54:56 AM

“Cash is king” and Same Day ACH supports the crown!

Cash flow is the lifeblood of companies, and faster closure of accounts receivables ensures smoother operations, particularly with respect to purchases, payroll, investments, debit reduction and any other functions requiring payment.  Cash flow forecasting is one of the key metrics for most treasury departments and one of the most challenging to get right consistently. 

Read More

Topics: ACH, Automated Clearing House, Receivables, ACH Network, Payments, ACH Transfer, Same Day ACH, Faster Payments, payables, Treasury, cash flow, payment costs

Yes, Virginia, There Is International ACH

Posted by Robert Unger on Jul 27, 2017 8:30:24 AM

By Robert Unger

With apologies to the famous newsman Francis Pharcellus Church and his column on Santa Claus, which appeared in New York’s “Sun” newspaper Sept. 21, 1897).

DEAR EDITOR: I am 38 years old.  Some of my accounts payable and receivable friends say there is no such thing as International ACH, and that I have to make and receive international payments by check, wire or correspondent banking.  A colleague says, ‘If you see it in The Payments Help Desk blog it’s so.’  Please tell me the truth; does International ACH exist?

Sincerely,
Virginia (the sender and receiver of international payments in my company) 

VIRGINIA, your accounts payable friends are wrong – there is International ACH!  But you’re not alone in thinking otherwise; lots of folks aren’t aware that International ACH is a payment option, and that it’s really easy to send an International ACH payment.

Read More

Topics: ACH, Automated Clearing House, Receivables, ACH Network, Payments, ACH Transfer, International Transfers, Cross Border Payments, International Payments

Submit a Comment