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RMAI Update August 2024

RMAi Blog

The Q&A largely focused on participant inquiries about the process of submitting medical debt rulemaking comments, the likelihood of the rule proposal surviving legal opposition, and the relevance of credit reporting. RMAI is concerned that the current exemption for credit cards is not broad enough. First Credit Union v.

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ACH Transactions: What Small Business Owners Need To Know

Lendio

For small businesses, understanding the basics of ACH is important on two fronts: you can make and receive payments through ACH, and ACH is a common method funders use to collect repayment of a business cash advance. What are Automated Clearing House (ACH) transactions? Finally, the ACH network settles the transaction with both banks.

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Why a Multi-Payment Gateway is a Game-Changer

Gaviti

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. That means you’ll need to ensure that customers can pay in the most convenient way for them while minimizing declines transactions and latency. Deliver intelligent transaction routing.

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What Is Cash Management?

TreviPay

The term cash management refers to the process of optimizing the collection and management of cash flow channels. It involves accurately tracking all cash inflows and outflows, maintaining clear records of financial transactions and ensuring that all financial information is up-to-date and accurate. What is cash management?

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B2B Customer Payment Portal: Definition, Types & Process

Gaviti

A B2B customer payment portal facilitates customer payment collection by customers of B2B businesses the ability to pay their receivables, which are often high-volume and complex. They simply need a way for their customers to make a straightforward transaction. Improving the B2B collections experience. Payment history.

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ACH vs. Direct Deposit: Understanding the Differences and Choosing the Right Option

Emagia

Introduction to Payment Methods In today’s financial landscape, the evolution of payment methods has transformed the way individuals and businesses conduct transactions. Among these payment options, Automated Clearing House (ACH) transfers and direct deposits have gained significant prominence. What is ACH?

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Worldpay Review (Formerly Vantiv): Is It Right for Your Small Business?

Fundera

Merchant services is a broad term meant to encompass a wide range of functions related to the ability to accept electronic forms of payment, such as credit and debit cards. Worldpay is the largest merchant acquirer in the United States by transaction volume, processing over $21 billion in payments in 2016. Mobile Payments.