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Payments Help Desk

The Elevation Blog

A Surprising Find Among Treasurers and Finance Professionals

Posted by George Throckmorton, Managing Director - Elevation on Oct 4, 2017 9:50:31 AM

 As the Managing Director for ACH Network Development at NACHA (and Elevation), my team and I often have the opportunity to get out into the field to talk and collaborate with businesses of all sizes.  The dialogue often includes topics such as supply chain management, minimizing days outstanding, credit risk, financial reporting and reconciliation, among others.  The typical metrics used to measure success include efficiency, cost reduction, and minimizing losses. 

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Topics: Payments Consulting, Company, Payments Cost

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


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). 

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

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.

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

Elevation: A Calm in the Storm

Posted by Janet Estep, CEO - NACHA on Aug 1, 2017 1:14:00 PM

Amid the ongoing storm of industry activity, having all of the information at your fingertips to answer any questions you have about the payments system is nearly impossible.  Organizations need a trusted party to assess their situation, answer questions within the context of their unique organization, and provide the best guidance regarding next steps and approach.  That is where Elevation steps in – a trusted party, focused entirely on providing reliable, expert consultative services to organizations that need help understanding how payments can best work for them. 

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Topics: Payments Consulting, Company

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