Blog

Covering the latest in card program and payment trends - including tips, tricks, innovation, news, industry insight and much more.

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The Biggest Misperceptions, Mistakes and Confusions about Paying Suppliers Electronically

Posted by Molly Janssen on Apr 13, 2018

Did you miss our recent webinar with the Institute of Finance and Management (IOFM)? Don’t worry. You can still watch the recording of “Payment Myth Busters: The Biggest Misperceptions, Mistakes and Confusions about Paying Suppliers Electronically”.  

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Topics: Supplier Payments, Virtual Cards, Virtual Payments

7 Strategies for Making Your Migration to Virtual Cards a Breeze

Posted by Mark Brousseau on Apr 11, 2018

Ready to give up the high costs and hassles of paper checks and start paying suppliers via card?

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Topics: Supplier Payments, Virtual Cards, Virtual Payments

The 6-Step Strategy to a Successful Virtual Card Implementation

Posted by Mark Brousseau on Mar 20, 2018

Virtual cards are on the agenda for more finance professionals. And for good reason. 

Paying suppliers with a virtual card enables buyers to reduce costs, mitigate risks and generate lucrative monthly rebates or rewards on payments made by card.  Suppliers benefit from secure payments, self-service reporting, and streamlined reconciliation of payments and open invoices. 

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Topics: Supplier Payments, Virtual Cards, Commercial Payments

Donnie Rodgers, Jr., Downtown Lee's Summit Main Street Executive Director Talks Upcoming Economic Development Event

Posted by Anthony Dobson on Mar 12, 2018

Despite growing competition from online, mall and big-box retailers, downtowns and main streets are primed to succeed in 2018. Merchants have the ability to offer a personal touch and are vital members of their local communities, important factors for shoppers seeking an experience over convenience.

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Topics: Gift Cards, Gift Card Trends, Events

Eeny, Meeny, Miny … NO!

Posted by Mark Brousseau on Mar 09, 2018

Paying more suppliers electronically is likely near the top of your department’s to-do list for 2018. 

Institute of Finance and Management (IOFM) reports electronic payments – not invoice processing automation – is the top automation priority of accounts payable professionals.

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Topics: Supplier Payments, Virtual Cards, Commercial Payments

Uncovering the Hidden Costs of Paying Suppliers with Paper Checks

Posted by Mark Brousseau on Feb 07, 2018

Paying suppliers with paper checks is a costly proposition. 

The median cost of sending a paper check is $3.00, compared to a median cost of $0.29 to send an Automated Clearing House (ACH) payment, per the Association for Financial Professionals (AFP).

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Topics: Supplier Payments, Commercial Payments, Virtual Payments