BLOGS

It’s important for all businesses, big and small, to take control of their accounts receivable. Properly managing your accounts receivable – the revenue you expect for the goods and services you sell – can boost your cash flow and support your other business efforts, such as staffing and marketing.

Some recommended best practices you should strongly consider implementing to help protect your business in the online banking environment, thus mitigating the opportunity for loss of funds and the compromising of online banking log-on credentials.

With the use of checks continuing to slowly decline each year, businesses are faced with a challenge of how to effectively handle those items as part of their accounts receivable strategy. There are many alternatives businesses can choose from today – Remote Deposit, Electronic Check Conversion at point of sale and back office, and Lockbox.

Pricing in the credit card processing industry is very complex and most merchant statements do not make it easy to understand.

The 20th century U.S. criminal Willie Sutton was said to rob banks because “that’s where the money is.” The same motivation in our digital age makes merchants the new target for financial fraud.