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Going Green with Electronic Payments – Part I
If you are reading this, you are, most likely, familiar with some of the reasons to “go green” and most of the reasons to migrate to electronic forms of payment. The fact that you’re still reading...
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Going Green with Electronic Payments – Part II
In part I of my “Going Green with Electronic Payments” blog article, I described that migrating check payments to electronic can help your company go green (in addition to helping your company reduce...
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Virtual Card Programs – What Exactly Are They?
Corporations remain under continuous pressure to reduce costs and improve operational efficiencies. One of the easiest ways to do this is by migrating payments from check to electronic. However, I am...
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Virtual Card Programs Part II: How Corporations Use Them to Earn Revenue
In Part I of my virtual card blog series I described the nature of a virtual card program. In part II, I will describe how corporations can use virtual card programs to help generate revenue. More...
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Virtual Card Programs Part III – How They Differ From PCards & Ghost Cards
In Part I of my virtual card blog series I described the nature of a virtual card program. In Part II, I described how corporations can use virtual card programs to help generate revenue. In Part...
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Payments Fraud Remains High
The eighth annual AFP Payments Fraud and Control Survey report was released in March. This valuable survey, underwritten by J.P.Morgan, provides information and trend analysis of payments fraud. The...
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B2B Payments: Shifting Potential Liability
There are a lot of things that keep chief security executives up at night including disasters, theft of intellectual property, budgets, compliance, training and securing mobile devices. Added to this...
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Latest Insight Into Payment Remittance
The Aite Group recently conducted a survey that analyzed remittance practices, benchmarks and perspectives of US and International corporations. The findings confirmed some commonly held views but...
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Why Outsource B2B ePayment Adoption?
SunGard recently conducted a study to better understand how corporations were addressing the various challenges around B2B ePayment adoption and the migration to ACH and virtual cards. The study...
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Tips for Selecting an Integrated Payments Platform
In my recent blog article,“Why Outsource B2B ePayment Adoption?”, I conveyed the results from a recent SunGard study around B2B ePayments and why more and more organizations are opting to outsource the...
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Easily Calculate the ROI of Migrating Checks to Electronic Payments
Check printing is expensive. It is time consuming, labor intensive, and comes with the added costs associated with paper stock, ink, and postage. There is no doubt that migrating to electronic payments...
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Understanding Health Care EFT Standards
On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law. Section 1104 of the PPACA requires the adoption of operating rules for health care electronic funds...
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Understanding Health Care EFT Standards: Part II
In-Band vs. Out-of-Band Remittance Delivery… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds...
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Understanding Health Care EFT Standards: Part III
Which Message Format to Use for Health Care EFT?… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic...
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Understanding Health Care EFT Standards: Part IV
A New NACHA SEC Code?… In Part I of my Understanding Healthcare EFT standards blog, I identified several major obstacles for health care providers to adopt EFT (electronic funds transfer) and ERA...
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To Write Off or Not Write Off
I have seen companies write off accounts before they are sent to third party collection agencies, and I have seen companies keep them in the A/R balances until the third party collection agency has...
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B2B ePayments: Virtual Card Best Practices
I have talked about the benefits of virtual card programs on past blog posts and have even provided a link to an ROI calculator for companies to calculate their cost reductions and potential rebates by...
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Expansion of FedACH® SameDay Service
The Federal Reserve has announced that it is expanding the FedACH SameDay service to offer greater opportunities for same day clearing of ACH transactions. Effective April 1, 2013, the expanded...
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2013 AFP Payments Fraud and Control Survey
The 2013 AFP Payments Fraud and Control Survey has been published and this year’s survey results indicate an overall decrease in the incidence of fraud attempts. This downward trend is due in part to...
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Common concerns that surface with a payments project, Part 1
We encounter some common concerns when we’re working with companies to implement a payments project. Outsourcing or revising A/P processes can seem daunting, but we can address some of the larger...
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