Benefits of PayNearMe Electronic Payments

Electronic payment methods are changing the landscape of how merchants receive payment and customers make payments. Today, merchants are riddled with challenges such as scattered payment channels, where different partners are used to accept cash vs. debit card vs. credit card and ACH payments and different partners to send payment reminders. To add to these

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Are ERPs a Challenge to the Growth of Electronic Payments?

The digitization of payments is becoming increasingly popular in the U.S. According to a survey of financial executives conducted by global payments company WEX, electronic payments reduce operational costs and simultaneously streamline processes like monitoring company spending. Out of the 501 U.S. respondents, 50% of businesses have already implemented electronic payables initiatives, and 49% of

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Cash (and Cashless) Essentials

In late June 2018, a bill requiring restaurants to accept cash and remove pricing differences based on payment method was introduced in Washington D.C. by Councilman David Grosso, aiming to protect unbanked and underserved customers from retailers’ trend of going cashless. Sweetgreen, a salad chain restaurant, was one of the first in the industry to

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Offer Semi-Monthly Payments to Improve Subprime Performance

Financial health is built upon the four pillars of smart spending, saving, borrowing, and planning. Taking productive measures in these four areas results in successful financing for day-to-day life, stability in the face of life’s ups and downs, and the capacity to boost financial security and mobility. However, even with increasing financial services and education,

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How to Reduce High Delinquencies for Independent Finance Companies

Keeping your customers incentivized to pay their bills doesn’t have to be an overwhelming challenge for finance companies. After all, lending is the crux of your business, but that doesn’t mean collecting your payments has to be a never-ending headache. With a few targeted strategies, you can reduce delinquencies while effectively streamlining your entire debt

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Industry Trends in Cash Payments and Hispanic Market Insights

Even as credit and debit cards become more popular and new payment methods like mobile wallets enter the scene, the world’s largest economy still relies on cash more than any other payment method. Cash is still on an up-rise in the U.S., contrary to many predictions. 138 million adults in the US are financially underserved

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Disadvantages of Money Orders

Are You Still Accepting Money Orders? Despite a majority of America’s population moving quickly towards a cashless payments system, a large percentage of people still rely on cash-based products to carry out their everyday financial transactions. In fact, more than 1 billion money orders are sold each year, and more than 25 percent of the

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PayNearMe for Lime

In April, Lime introduced their colorful bicycles to St. Louis. Normally, it costs $1 for 30 minutes to ride a LimeBike. To make their bikes more accessible for low-income riders, Lime offers options — like text-to-unlock services — that don’t require smartphones or credit cards. This month, Lime rolled out a new program, Lime Access, that

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