Stax

MARCH 14, 2024

The basic strategies include increasing revenue (through higher sales volume or prices), reducing costs (by optimizing operations and cutting unnecessary expenses), diversifying income streams, and improving product or service quality to attract and retain customers. Q: What role does cost management play in maximizing profit?

CRM 68

CRM Credit Cards On-Demand Product 68

FICO

FEBRUARY 6, 2019

From September this year, PSD2 requires Payment Service Providers (PSPs) to secure more transactions using Strong Customer Authentication. Asking customers to provide these elements is likely to be disruptive to them , delaying or even preventing them from making payments or carrying out other activities.

Authentication 53

Authentication Compliance Duplicate Risk 53

Payment Savvy

JULY 12, 2024

Processing online payments involves costs, whether they’re fees to credit card companies, processing networks, or payment service providers. However, it’s possible to manage and minimize these fees effectively. Payment processing is how a merchant services provider handles credit card transactions.

Debit Card 52

Debit Card Online and Mobile Banking Zelle Payments 52

Clearly Payments

JULY 4, 2024

Lodging (Hotels) : Transactions in the lodging industry often involve larger amounts due to the nature of the services provided, leading to higher interchange fees to cover the increased risk and processing costs. These rates can vary based on the type of service provided and whether the payment is processed in-person or online.

Visa 40

Visa Payments Credit Cards Volume 40

Nanonets

DECEMBER 10, 2023

Electronic approvals and notifications expedite the approval cycle, preventing bottlenecks and ensuring timely payment to vendors and service providers. Enhanced Cost Management: Automation provides a comprehensive view of freight-related expenses, allowing for better cost management.

Automation 52

Automation Compliance SWIFT Process 52

Nanonets

MARCH 13, 2024

Hospitality and Tourism : Hotels, restaurants, and travel agencies receive invoices for food and beverage supplies, accommodation services, transportation, and marketing expenses. OCR helps automate invoice processing, enabling businesses to track costs, manage budgets, and improve profitability.

Payment APIs and Integration 52

Payment APIs and Integration Automation Use Case API 52

Nanonets

SEPTEMBER 22, 2023

By optimizing financial management through proper monitoring and leveraging technology, businesses can achieve improved efficiency, accuracy, and cost management in their accounts payable operations. Moreover,  outsourcing accounts payable  provides access to expert assistance.

Accounts 40

Accounts Master Account Best Practices Reconciliation 40