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

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. 

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

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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