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How Virtual Cards Can Live Up To Their Faster Payments Promise

PYMNTS

While there are scenarios in which wire and ACH, and even checks, could be an appropriate payment method, corporate cards can help suppliers save money by serving as an alternative to the more expensive tactic vendors use to access working capital in a timely manner. Delivering What Was Promised.

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B2B Payments Explores An Alternative Path To ACH Adoption

PYMNTS

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., noted PYMNTS in a previous Faster Payments Tracker. Today, there are two key methods for how a company can address the pain point of checks.

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How PayFacs And ISVs Can Survive (And Thrive) In Uncertain Times

PYMNTS

But regardless of verticals served, all players would do well to look at cost structure and go to market strategies in a way that will enable them to emerge from a post COVID-19 world in a position of strength (she mentioned healthcare payments as one promising vertical).

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In the mind of the merchant: Top challenges and priorities for the next 12 months

The Payments Association

Gunchenkova added that instant payments through open banking are also helping to reduce fraud, particularly in high-volume industries like gaming. “With faster payments and open banking, we can reduce the time and complexity of transactions, making it harder for fraudsters to exploit vulnerabilities in the system,” she explained.

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Equipping Disaster Workers With Card-Based Financial Tools

PYMNTS

Erik Dyson, co-founder of natural disaster response nonprofit All Hands and Hearts– Smart Response , and Lori Sylvia, its finance manager, recently spoke with PYMNTS about relief workers’ payment pain points, how card-based solutions have helped to safely disburse funds and the ways the offering has relieved both budget planning and financial woes.

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What Is Cash Burn? Calculating and Controlling Your Spending

EBizCharge

Regularly calculating these rates can improve operational efficiency and financial decisions, enhancing a companys overall cost structure. By offering competitive transaction fees and data optimization, EBizCharge can lower payment processing costs, freeing up funds for other needs.

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