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How Do You Offset Credit Card Processing Fees?

EBizCharge

Encourage alternative payment methods Encouraging alternative payment methods can significantly offset credit card processing fees since debit cards, Automated Clearing House (ACH)/eChecks, and other options are typically more cost-effective. This is especially relevant for B2B and B2G (business-to-government) transactions.

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TIE Kinetix Launches B2G eInvoicing Feature

PYMNTS

The company announced late last week that it is launching a B2G eInvoicing solution in its Exact product, enabling government suppliers to send digital invoices to national and local government institutions. B2B eCommerce solutions provider TIE Kinetix is strengthening its position in the world of business-to-government procurement.

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How Governments Navigate ACH Payments Innovation

PYMNTS

“On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” he said. Yet while ACH moves toward Same Day and, eventually, Real Time transaction speeds , that movement of transaction data remains a key hurdle for both B2B and B2G uptake. ”

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Innovation Eases The Friction Of Global Payment Rails

PYMNTS

Thorness recently spoke to PYMNTS about the role that ACH plays in public sector payments, with business-to-government (B2G) payments also embracing the digitization and affordability that ACH offers over other payment rails. In a statement, Invoiced said the tool enables physical checks “to be digitized and applied automatically.”

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The Public Perception Challenge Of Public Procurement

PYMNTS

According to Walicki, there are other hurdles for B2G vendors looking to win contracts — especially smaller suppliers looking to step into the public sector for the first time. Those objectives are rarely, if ever, seen in private B2B procurement.

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Government Procurement Lacks Agility, Transparency, Survey Finds

PYMNTS

Government procurement is struggling to streamline and automate many tasks, forcing some executives to feel overworked, new research finds. On several occasions, it is the employees or the staff that perceive it as complex, unwieldy and slow to respond, with an additional fear that automation will render them jobless. in 2016 to 72.6

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Revolution Payments Tackles Biz Card Fees With Level 3 Data

PYMNTS

As the company explains on its website, for business-to-business (B2B) and business-to-government (B2G) purchases, these interchange fees fall into one of three processing categories: Level 1, Level 2 or Level 3. Level 1 has the highest rates, and Level 3 has the lowest rates.

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