Chris Schroeder

Choosing the right payment solutions for your type of business can dramatically improve your revenues, customer retention, and bottom line. Here’s how ACH Payments and paper check digitalization can optimize financial operations across various industries: ACH Payments: ➡️ Healthcare/Wellness: ACH ensures consistent revenue with automated monthly payments, eliminating payment delays. ➡️ Property Management: ACH facilitates reliable rent collection directly from bank accounts, avoiding cash and check risks. ➡️ Non-Profit Organizations: Simplify recurring donations with ACH for steady funding without the transaction fees. ➡️ Educational Institutions: Secure timely tuition through ACH, reducing administrative burdens and ensuring budget stability. ➡️ Subscription Services: Minimize churn and transaction costs with ACH, enhancing subscriber retention. “Check 21” Digitization: ➡️ Retail Banking: Lower cost, fewer errors, less fraud, faster settlement, funds posted far sooner, greater customer satisfaction. ➡️ Legal Practices: Lower cost, fewer errors, digital records and tracking, faster funding. ➡️ Accounting Firms: Less float, more certainty, digital tracking and trail, easier/quicker financial reconciliation. ➡️ Real Estate: No more “lost in the mail,” fewer challenges, digital tracking and trail, and more timely closings. ➡️ Non-Profit Organizations: Donations in the bank days faster, more predictability, less labor resolving errors and delays. Let us customize check digitalization and faster payments that are exactly right for your enterprise. Click Finagy.com to find the right payment solutions for your business. #FinancialTechnology #FinancialServices #PaymentSolutions #DigitalBanking #Payments #Profit

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The ability to send instant payments to suppliers is just one of the many ways your business could benefit from the FedNow® Service. Discover more use cases: https://lnkd.in/dAWQcx82 #FedNow #instantpayments #payments #banking #FederalReserve

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Check out our latest blog about how credit unions are leveraging fintechs to streamline their processes and provide faster services to their members. https://hubs.li/Q02BC-g00 #fintech #creditunions

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Be in the know on #payments news with this week’s #WeekendReads ⬇️ 1. CU 2.0 Podcast: James Colassano on Real Time Payments (RTP) Coming At You https://lnkd.in/g-ru-iXg / CU 2.0 2. New Study Highlights Tech Trends and Top Priorities for Banks in 2024 and 2025 https://lnkd.in/gS-gsKA4 / Bank Automation News 3. Is Request to Pay the New Frontier of Payments in Europe? https://lnkd.in/dH9z-HHK / Payments Cards & Mobile 4. Instant Payments Drive Profits for the Small Restaurants That Use Them https://lnkd.in/eXAyhUx5 / PYMNTS 5. Why Banks and Credit Unions Are Moving Slowly to Real-Time Payments https://lnkd.in/gZ3jz56g / PaymentsJournal

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Check out our latest blog about how credit unions are leveraging fintechs to streamline their processes and provide faster services to their members. https://hubs.li/Q02BD0cq0 #fintech #creditunions

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Andrew Mattingly, COO at FORUM Credit Union, brings over three decades of experience in lending to the table. Starting as a management trainee 34 years ago, Andy has worked in nearly every area of the credit union. For the past 11 years, he's focused on: → Lending → Data analytics → Business intelligence → New product development. One of the key initiatives he's spearheading now is Deal-Based Pricing. The idea is straightforward: Rather than asking borrowers what they want, FORUM will proactively offer what they're eligible for. This streamlines the lending process and reduces friction for borrowers. As Andy puts it, “We take away the friction." By leveraging AI and data analytics, FORUM aims to create personalized loan offers that cater to each borrower's unique profile. This approach has the potential to: → Improve borrower satisfaction → Optimize loan portfolio performance → Modernize the overall lending experience — What are your thoughts on the Deal-Based Pricing model? How do you envision AI transforming the lending landscape in the near future? Join us on this week's episode of Pioneers to dive deeper into these topics and more!

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Exploring the realm of ACH payments is like peering into the intricate gears of modern finance—a complex system meticulously designed for efficiency and security. Discover how ACH payments streamline transactions, reduce costs, and enhance security in the digital age. Unravel the intricacies of ACH payments in this informative deep dive. #Finance #ACHPayments #DigitalPayments #Efficiency #Security https://lnkd.in/dfENqjVa

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Explore the transformative power of AI in enhancing training for Banks and Credit Unions. Dive deeper into the opportunities and risks in our latest eBook. Download now: bit.ly/4b0fJHs #AI #Training #Banks #CreditUnions

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Offering to accept ACH payments is an effective and low-cost method to enhance convenience for your customers. And, expanding payment processing options to include ACH can significantly increase business revenue. Here are some of the most frequently asked questions merchants have regarding their ACH payment processing services: 📌 What Does ACH Stand For? ACH stands for Automated Clearing House. The Automated Clearing House is a network of financial institutions across the U.S. that enact Electronic Funds Transfers. 📌 What is an ACH Hold? An ACH hold is when a payment is authorized by the owner of an account and the bank in charge of that account reserves (holds) the specified payment amount. 📌 How Long Do ACH Payments Take to Process? Standard ACH payment processing services offer ACH transfers on a four-day hold. This refers to four business days, so weekends and holidays must not be counted towards this time. #ACHPayments #FAQ #Payments Do you want to learn the answers to the most frequently asked ACH payment processing questions? Check out the full article in the comments.

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Attending #Payments2024 next week? Don't miss this #FinTech demo on payment fraud prevention and reporting with Jaime Berg, Director, Sales. Take this opportunity to enhance your institution's capabilities as Jaime dives into ACH and Check Positive Pay, EDI Translation, and ACH Returns and NOCs Reporting. Take a minute to catch up with our recent blog post "Exploring Commercial Banking Solutions: A Comprehensive Look at #ACHCreditPayments" 👉 https://bit.ly/3JMI9sx

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Mbanq joins The BaaS Association! This alignment supports Mbanq in helping drive best practices within an industry that is rapidly changing in response to regulatory and technology shifts. Read more here: https://lnkd.in/gEUJtB53 #BaaS #CommunityBanks #Banks #FinTech #Innovation Vlad Lounegov Dave Mayo

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Visit us at #SymWest to learn why Catalyst is a trusted option for the FedNow Service, and join Glenn Wheeler's session where he'll discuss payments transformation & the ability to transact and settle a payment to anyone at any time. ➡️💲 #creditunions #Symitar

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Empower your customers to upgrade their home with payment solutions that fit their budget. Don’t lose out on the 56%* of consumers your current solutions don’t fit. Explore the American First Finance B2B opportunities today. Start Today: https://myaff.us/ypjzk04v #PaymentSolutions #NewCustomers #AmericanFirstFinance

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We've been keeping a little secret... We're about to introduce a solution that empowers consumers to make electronic payments their way - whether it's via ACH, debit, or credit. Key Features: ☑ Diverse Payment Preferences: ACH, Debit, Credit ☑ Streamlined User-Friendly Interface ☑ One-Time, Guest, or Recurring Payments But that's not all! Merchants, you'll be able to offer consumers a variety of payment options and receive payments 70% faster than paper check. Oh, it's easy to set-up too. Stay tuned for more exciting updates! #CheckAlt #NewProduct #ElectronicPayments #ComingSoon #Fintech #treasurymanagment #B2Bpayments

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