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 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

The Untapped Potential of B2B Gift Card Sales for Downtowns and Chambers

Posted by Anthony Dobson on Feb 01, 2018

United States businesses spent more than $90 billion on non-cash employee incentives in 2016, according to The Incentive Federation’s Incentive Marketplace Research Study. That massive total, up 17% from three years previous, includes $14.4 billion in travel and $75.6 billion in other incentives like awards points, merchandise, and … you guessed it … gift cards.

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Topics: Gift Cards, Gift Card Trends

10 Insider Tips to Boost Gift Card Sales

Posted by Anthony Dobson on Jan 31, 2018

Are your gift card sales lagging? From foot traffic to brand loyalty to higher revenues, gift cards offer tons of benefits to malls and shopping centers – but marketing them isn’t always easy. Competition with online retailers is stiff, and many consumers don’t understand the benefits of buying closed-loop, multi-merchant cards.

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Topics: Gift Cards