Who are Millennials and Why do They Matter to Auto Lenders?

When thinking about a typical auto buyer, Millennials (aka “Generation Y”, or those born between 1980 and the early 2000s) don’t typically come to mind. So why are they such a hot topic in the auto-lending industry? Millennials already comprise 25 percent of the population today, and they will be the majority of the U.S.

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Win a Free Vacation & Save $40K in Rent Collection Costs

Property management can be a stressful business. Today, we are bringing you two things to make your lives a little easier: an example of how you can save money while still taking on new properties, and the opportunity to simply escape from rent collection for a while with a free vacation to Hawaii with our Stress-Free Sweepstakes! 1)

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3 Methods for Successful Healthcare Billing

health-heart-stethoscope An estimated 30 percent (or $328B) of all provider revenue came out of patients’ own pockets in 2012, and with patient financial responsibility on the rise due to high deductible and high co-insurance plans, collecting on these payments continues to be a hot issue for the health care industry. In fact, improving consumer billing and

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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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