BIPs or buyer initiated payments are increasingly being seen as one of the best ways to boost B2B sales. Sometimes called “push payments,” BIPs are a form of commercial card transaction that is very different from standard card processing.

Nearly every business in the business to consumer (B2C) space needs to have a payments option and most in the business to business (B2B) space need one, too. What used to be a convenience is now a requirement. The lack of many options not long ago meant that B2C and B2B payments were simple and streamlined. It used to be easy for a business. Sign up with a processor, get a terminal in your store or office, process payments and move along to the next initiative. But things are changing...

Running a successful healthcare provision requires a number of tasks to be efficiently accomplished. However, whether your organization is a small private practice with only a handful of staff members or a large multi location network of interlinked hospitals or clinics, there is no doubt that an effective healthcare revenue management system is the key to success.

Being able to collect and process payments from customers is a key function of any business, regardless of its size or type. With the number of options available for payment processing expanding on a regular basis, it could not be more important for company owners to understand the different methods available for them to choose from. The question “what is merchant processing?” is often asked by those who are new to setting up their own business. The answer is relatively simple.

For companies and collection agencies, keeping track of the amounts owed can end up giving you a headache. Chasing amounts owed in terms of fees, payments, and rents are time-consuming and stressful, so you may be wondering, “What is ACH Collection, and is it a valid solution for my company?”

People are inundated with responsibilities. Many people fall behind on their bills simply because they are too busy or cannot keep track of all their expenses. This hurts them and creates a damaging impact on the businesses providing services to them.

When it comes to hiring employees at a collection agency, a recent ACA International survey showed that collection agencies are looking for several specific characteristics and skills in potential candidates.

If you are just starting as a collection agency, then you realize that you have a number of methods to collect payments. One of those methods is payments through Automated Clearing House (ACH) payments. ACH is a government-regulated electronic network through which financial institutions can transmit funds between each other. The process is similar to taking payments through credit cards, except that senders and receivers use bank routing codes instead of 16-digit credit card numbers.

REPAY offers a variety of merchant services that agencies can use to collect payments from their clients. Two of them are the ability to accept credit cards and Automated Clearing House (ACH) payment processing. But what are the advantages of these, what are the differences and under which payment scenarios should you use them? We will talk about that in this article.