Business Card Tier Restructuring and Rising Interchange Costs The card brands typically adjust their rates and fees twice per year, in April and October. Due to Covid 19, the card brands have delayed some but not all increases and changes until April 2021. The resulting increase in cost is directly related to card type elimination…Details
P21-Integrated AR Technology with Compliant Surcharge Solution Eliminates Credit Card Acceptance Fees
The fees wholesaler-distributors pay to accept credit cards, interchange, dues, and assessments, often represent the most significant portion of their order to cash fees paid and can be much larger than their other treasury management costs. Visa’s recent rate increase in July of this year and the adjustment planned for April are the card brand’s…Details
Wholesaler-distributors operate on razor-thin margins so reducing costs and accelerating cash flow are always top of mind. But do you really know how much paper invoices and checks cost your firm? Read the full post to learn more…Details
Paper invoices and checks have been the norm for decades, but as wholesaler-distributors scale, so do their AR needs. Read the full post to learn more…Details
Unified Payments Group is pleased to announce that Jason Palmer has joined Unified as Chief Technology Officer. Mr. Palmer will lead IT infrastructure and software engineering for Unified’s open-API, cloud-based B2B Payment Acceptance technology, including streamlining how Unified’s AR solutions integrate with enterprise and mid-market ERP platforms. Read the full post to learn more…Details
E-invoices are a leap forward from static paper invoices delivered by mail, but what if the invoice is inaccurate? Read the full post to learn more…Details
One of the most effective ways to reduce DSO is to remove the mailing process entirely. Physical deliveries take time. Stuffing envelopes, whether by hand or at volume by machine, also takes time. Read the full post to learn more…Details
The wholesale distribution industry consistently adds more than $6.01 trillion to annual U.S. economic activity. Surprisingly, the majority of this money is still billed manually via paper or static PDF invoices, and paper checks make up the bulk of payments received for these invoices. Read the full post to learn more…Details
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