article thumbnail

Here’s Why Digital Payments Are Becoming A Must-Have For Insurers

CB Insights

But while many industries have already adopted emerging technologies like mobile and real-time payments , paper checks still make up a considerable proportion of transactions in the insurance industry. Below, we look at where the move to digital payments is set to have the biggest impact on insurance. First name. Company name.

article thumbnail

Moving The Business Payments Focus From Price To Process

PYMNTS

But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

In Banking, Tech Aids Efficiency Ratios Amid Digital Initiatives

PYMNTS

For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. A lower ratio means the bank is operating with better cost control. The company is not alone in finding that tech is among the game changers in expense management.

article thumbnail

Eurowag Taps Nexi & Visa for Secure Contactless Cards for Fleet Management

Fintech Finance

This is just the beginning of our cooperation to provide valuable propositions through enhanced data, real-time control capabilities, invoice digitization, connectivity to their accounting systems, and comprehensive fleet cost management solutions.”

article thumbnail

Pave Bank Emerges From Stealth To Bridge the Traditional Finance and Digital Economy

The Fintech Times

“All of this increases costs, management complexity and also limits the products and services which can be accessed by the majority of businesses and especially, for those operating globally.

article thumbnail

How to Accept Online Payments for Free in 2024

Payment Savvy

Key Considerations When Choosing a Payment Service Provider Selecting the right PSP involves evaluating several critical factors to optimize cost management and operational efficiency: Transparent Fee Structures PSPs levy various fees, including setup fees, transaction fees (flat rates or percentages), and potentially monthly fees.