Stax

SEPTEMBER 12, 2024

Also called a credit card terminal, it’s a device that businesses use to accept non-cash payment methods like credit and debit card transactions, as well as contactless payments through a mobile wallet. At Stax, we do things differently and offer subscription-based pricing with access to direct cost processing, and no hidden fees.

Online and Mobile Banking

CB Insights

DECEMBER 7, 2017

Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Non-bank lenders are becoming much bigger players in mortgages. Driver 1: New lenders increase the competition.

Non-Bank

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. to 2.9%) while the non-qualified is the highest.

Credit Cards

Stax

APRIL 18, 2024

TL;DR Credit card processing is a complex process that involves several parties in addition to the merchant and consumer – and quite a few steps more than a simple swipe, tap, or dip. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. Card Network (e.g.,

Credit Cards

Stax

AUGUST 29, 2024

A PSP (Payment Service Provider) can equip your eCommerce and brick-and-mortar business with an all-in-one platform that supports multiple payment systems, including debit & credit cards, eWallets, and bank transfers (ACH). The question is: how do payment service providers work and how can you choose the right one for your business?

Payment Service Provider (PSP)

Stax

DECEMBER 20, 2023

When looking for a credit card processor, assess your business needs upfront: decide on your non-negotiables and must-haves, then work from there and look for providers that offer features that match your needs and goals. However, the percentage markup rate does not give you a full picture of your processing costs.

Credit Cards

EBizCharge

NOVEMBER 12, 2024

These applications typically involve merchants submitting financial and bank statements, business licenses, and other relevant documentation. Merchant application information is critical in the underwriting process , which assesses the risk of providing merchant services to a business.

Online and Mobile Banking

Nanonets

MARCH 30, 2023

IDP is increasingly being used in various industries such as finance, healthcare, and government, to automate many document-intensive tasks such as invoice processing, contract management, and compliance reporting among others. Improved Accuracy A 2008 research paper analyzed the occurrence of human errors in data processing.

Process

PYMNTS

FEBRUARY 19, 2018

This could be an area in which non-payment FinTechs play a vital role. For our users, speed is valuable as it means that they get paid quicker,” Hansson said, pointing to research Zervant conducted last year that found a 9 percent increase in the number of invoices that get paid on time when a company switches to electronic invoicing.

Payment APIs and Integration

Nanonets

NOVEMBER 15, 2023

Consider this:  Levvel Research  found that 50% of businesses grapple with late payments and missed discounts due to protracted approval cycles. Let's say you process 10,000 invoices monthly at $10 each. Cheques, money orders, bank drafts — you name it. However, this change can yield significant rewards.

Accounts

Nanonets

APRIL 16, 2023

It also helps to strengthen vendor trust as the payment process is transparent to all. Get Started Approval Process The best AP automation software runs an efficient approval process from approval prediction to multi-tier approval management. This minimizes the delays in obtaining approvals and improves efficiency.

Automation

Nanonets

FEBRUARY 26, 2024

Approval: Cumbersome approval process with challenges in providing context to approvers, tracking invoice status and ensuring timely authorizations. Reconciliation: Labor-intensive process of matching bank transactions with ledger entries. Automate Reconciliation Processes: Action Steps: 1. between 2022 and 2029.

Automation

Nanonets

JULY 12, 2024

Here are some common examples: Invoices and Receipts : Businesses can automatically extract total amounts, item details, dates, and vendor information, streamlining their accounts payable processes. Tax Forms : Accounting firms can capture income details, deductions, and tax calculations, speeding up tax preparation processes.

Process

Cardfellow

FEBRUARY 15, 2025

This is not surprising, as it can take awhile for processing companies to create and market new programs that cater to new concepts such as surcharging. Once that’s done, it also can take time for business owners to research the programs and ultimately sign up. However, according to a press release quoting the J.D.

Credit Cards