Published By: Comdata
Published Date: Jul 05, 2017
If you are involved in purchasing or financial decision-making for your company, you have likely heard the excitement
surrounding virtual credit cards (also known as electronic or epayables) over the last few years. The payment industry
is moving increasingly towards paperless vendor payments, and it is important to understand how they can benefit your
business and what to look for in a virtual payment provider as you research solutions for your business.
In-depth survey results from research conducted by International Accounts Payable Professionals (IAPP). Insights include, 94.9% of AP respondents still use paper checks for business-to-business payments despite all the talk about electronic payments.
Globally, payments are going digital—whether they are cash moving to cards, QR codes at point of sale (POS), purchases moving from physical to online stores with electronic forms of payment, or payments becoming seamless with in-app experiences. This phenomenon is not new, but does appear to be accelerating.
This increased speed of adoption is driven by multiple factors, including an abundance of new electronic payment methods—many of which are layered on top of existing payment methods— focused on convenience, speed and the overall consumer experience.
To find out more download this whitepaper today.
The PCI Security Standards Council issued version 3 of their PCI DSS guidelines for processing electronic payments. Our whitepaper details the newest additions to the guidelines as well as tools and resources to help organizations comply with the standards.
Your business is changing. As a finance leader, you know that accounting is a labour-intensive, costly process where
systems often don’t allow for expedient exception handling and many days are fraught with difficulty in matching
invoices to other databases for reconciliation. Like most companies, you know where you want to go but may not have
infrastructure or internal expertise to handle electronic fund transfers, credit card payments or cheque processing— all
the pieces required to make your vision for an efficient, integrated operation a reality.
This white paper will describe the main problems merchants face when it comes to customer conversions and payment acceptance, and suggest solutions that will enable you to increase your conversion rate.