Saltmarsh, Cleaveland & Gund’s Post

Exciting News! My latest article, "Seven Steps to Selecting the Right Payment System," has been published in Financial IT. Drawing upon years of experience in the payment industry, I've put together a comprehensive guide to help merchants navigate the complex task of selecting and implementing the perfect payment system for their business. With the new year on the horizon, these insights couldn't be more timely. Explore these key steps: 1) Thinking about the future and system compliance. 2) The importance of having a payment partner, not just a supplier. 3) Being proactive in addressing challenges, not just reactive. 4) Considering the needs of your employees. 5) Simplifying your payment infrastructure for success. 6) Ensuring top-notch security and fraud prevention. 7) Embracing Alternative Payment Methods (APMs) like Pay By Bank. #APM #Payments #FinancialIT #PaymentSystem #BusinessSuccess #2024planning #2024strategy

Revolutionize financial services with seamless EFT payment processing implementation. Learn the key steps to enhance efficiency and streamline transactions. Here is the link to blog: https://lnkd.in/d2e5tR5X

Reconciliation is an essential aspect of the accounting process that improves transparency, maximizes decision-making, and ensures regulatory compliance. However, many merchants and payments organizations still rely on inefficient processes that can result in errors, financial losses, or violations. Read more: https://ow.ly/nBnC50SiUVS #payments #automation #legacysystems #merchants #reconciliation

Faster fund access is vital for consumers and businesses. The tech stacks running check banking features are out of date, with some deposit funds holding up to 7 business days, and businesses are paying the price with fees for quicker fund availability. #fintech #paymentsolutions #justwallet #paywithjustwallet

Accelerate your #payment cycles with same-day #ACH! At CSG Forte, we prioritize seamless transaction processing to optimize your ACH payments. Read our blog to discover the benefits of same-day ACH payments 👇

Explore the transformative impact of instant payments on transaction processing and their potential to shape the future of financial services: https://ow.ly/JcLv50SKUJS

Accepting alternative forms of payment and recurring payments has never been more important for merchants. According to NACHA, the governing body for ACH payments, “steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion.” ACH.COM allows merchants to use a customer’s bank account to accept a one-time or recurring payment safely and quickly - all while minimizing paper checks and trips to the bank. Whether processing payments via the ACH.COM standalone offering or as integrated within MX™ Merchant, ACH.COM provides a cost-efficient electronic payment option and streamlines accounting operations. Here’s why you want to offer ACH.COM to your customers: ACH.COM is one of the few processors in the nation entrusted with a FED Terminal on-site, giving merchants earlier response times and exceptional handling with the latest cutoffs! ACH.COM has multiple AAPs (Accredited ACH Professionals), providing an unsurpassed level of commitment and experience. Reliable and real-time reporting allows merchants to measure results quickly. 

🤔 What is a payment initiation service, or #PIS for short? Help is at hand 🪄 Our comprehensive guide dives into everything you need to know, including: 🟣 Defining payment initiation services 🟡 What a payment initiation service provider (#PISP) does... and how they compare to #AISPs 🟣 How PIS enhance transaction security and streamline financial operations ➡️ Click the link to find out more ➡️ https://kont.ly/61a9d7df

Which payment rail should be chosen for the situation? Pertinent information to ongoing payment strategies discussions.