How changing your collection methods can improve cash flow

improving cash flow Maximizing profits was the theme for this year’s EUCI 12th Annual Credit & Collections conference in New Orleans, which I attended with Tim Fox, our national sales manager for the utility and municipality business unit here at PayNearMe. But official theme or not, maximizing profits has always been a focus for municipalities and utility companies

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Cash is Still King

hands exchanging cash A new Federal Reserve report dispels the myth that cash is dead. There are between 60 million and 100 million cash-preferring consumers in the U.S. That’s about the population of the nation’s four largest states – California, Texas, New York and Florida– combined. In April, the Federal Reserve released a paper called the “Diary of Consumer Payment Choice”

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New PROMAS payment file for PayNearMe property managers

property manager No one looks forward to more work at the end of the day. For property managers, reconciling payments is a difficult and time consuming process, and we’ve had many come to us asking how we can help make this process easier through their PROMAS property management software account. We’re happy to share that as a

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Welcome Nebraska, our 1st State Government Client

cash payments for child support Earlier last week, the Nebraska State Treasurer’s Office launched a partnership with PayNearMe to expand its payment options by offering non-custodial parents a way to pay electronically with cash for child support payments. Prior to partnering with PayNearMe, non-custodial parents who preferred to pay with cash didn’t have many options. They either mailed a money

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Keys to success for accepting rent payments in cash

cash payments Property managers will inevitably come across ideal prospective tenants who want to, or need to, pay rent with cash. While the non-bouncing nature of cash seems like a great way to collect the rent, in reality, traditional cash payments  can be a risky business, not to mention inconvenient and time consuming. The property manager needs

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New way for small and medium businesses to accept cash payments

using PayNearme electronic cash transaction network One challenge we’ve heard from small and medium businesses like property management companies, independent car dealerships, and small private educational institutions, is that they need a more convenient way to accept payments from their customers who prefer to pay with cash. Accepting cash and cash alternatives such as money orders and cashiers’ checks on business

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Cash: Rumors of its death are greatly exaggerated

hands exchanging cash Lee Ault, CEO of the first check guarantee service, TeleCredit (which subsequently morphed into FiS Global), once described the moment his business exploded in the early 1970’s. In this era before ATMs, and when BankAmericard –-not yet renamed “Visa” -– was approaching critical mass, retailers avoided accepting personal checks because they were considered too risky.

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