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Electronic payment for purchases has become the standard. Nearly nine out of ten Americans use a digital payment method, with 62% using more than two forms of digital payment, according to a 2022 McKinsey report. Tasks that were previously done on paper, such as sending and receiving money, are now primarily completed digitally. Small business … Continued
Consumers who use online banking can view their financial information instantly. Online banking is excellent for everything from long-term financial planning to handling emergencies because of its convenience and ease of information access. Some banks are only available online, but most traditional banks have physical locations and provide digital banking services. Even though online portals … Continued
The Automated Clearing House Network (ACH) facilitates the electronic transfer of money from one business to another. Businesses can use ACH to make and request payments for services. Compared to more traditional payment methods, it is seen as a superior and simpler approach for service payment. Further, let’s understand more about ACH Payments and how … Continued
Virtual debit cards are becoming popular and are being used more and more. Juniper Research predicts that transactions will jump from 36 billion to an impressive 175 billion by 2028. This shows a big change from regular payment methods since they’re convenient and safe for contactless payments and online shopping. Let’s explore what a virtual … Continued
Wire transfers mean sending money across a network electronically that is controlled by banks and transfer service providers all over the world. The term “wire transfer” has been around for a while. Interestingly, the first money transfers in history were made between Boston, New York, and Chicago in 1871. This was possible because of the … Continued
Never miss any payment or leave your company without an opportunity to keep rolling.
Never miss any payment or leave your company without an opportunity to keep rolling.