Agile Payments Blog

3 min read

Point-Of-Sale (POS) Payments: Legal And Operational Aspects For Businesses

By Agile Payments on Sep 5, 2023 1:47:28 PM

https://www.pexels.com/photo/man-pointing-laptop-computer-2182981/ 

Continue Reading
2 min read

Using ACH APIs for Efficient Automated Payments

By Wayne Akey on Aug 29, 2023 2:28:08 PM

Using ACH APIs for Efficient Automated Payments

Continue Reading
4 min read

Top Careers in Digital Marketing: Your Complete Guide

By Agile Payments on Aug 28, 2023 5:28:57 PM

 

Continue Reading
3 min read

The Benefits of Employing an IVR Payment System using ACH and Credit Card Processing

By Wayne Akey on Aug 23, 2023 2:07:52 PM

The Benefits of Employing an IVR Payment System using ACH and Credit Card Processing

Topics: IVR Payments
Continue Reading
8 min read

6 Financial Strategies for Maximizing Corporate Efficiency

By Agile Payments on Aug 22, 2023 8:50:46 PM

6 Financial Strategies for Maximizing Corporate Efficiency

“A strategy, even a great one,  doesn’t implement itself” 
Jeroen De Flander, Author of The Art Of Performance


In the corporate world, inefficiency is a very dangerous field. It creates a domino effect and can bring the business to rock bottom. Research records a 20-30 % loss in companies revenue yearly due to company inefficiencies. In this context, the role of financial strategies cannot be overstated. 

Financial strategies are the compass for businesses, directing them toward optimal resource allocation, stringent cost control, and overall efficiency. They rely on a wide spectrum of practices, from streamlined budgeting and working capital management to technology investments, outsourcing, and employee engagement.

While every organization possesses its unique characteristics, financial strategies serve as guiding principles. The applicability and impact of these strategies may vary based on factors like industry, scale, and distinctive hurdles encountered. Nevertheless, businesses can derive valuable ideas from these principles and tailor them to their specific context.

In the article, we will embark on an in-depth exploration of these financial strategies through a combination of insights and examples.

Continue Reading
7 min read

8 Essential Tools for Crafting Engaging Employee Training Videos

By Agile Payments on Aug 15, 2023 2:06:36 PM

 8 Essential Tools for Crafting Engaging Employee Training Videos

 

Continue Reading
7 min read

7 Steps to Build a Results-Driven Marketing Strategy in 2023

By Agile Payments on Aug 15, 2023 2:01:49 PM

7 Steps to Build a Results-Driven Marketing Strategy in 2023

There were times when putting up billboards was enough. However, times have changed. In today’s world, picturesque signs aren’t enough of an advertisement. 

Continue Reading
3 min read

Understanding ACH Payment Processing and the Importance of Using a Checking Account Verification Tool

By Wayne Akey on Aug 15, 2023 9:59:01 AM

Understanding ACH Payment Processing and the Importance of Using a Checking Account Verification Tool

Continue Reading
2 min read

Leveraging an ACH API for SaaS Payment Integration

By Wayne Akey on Aug 8, 2023 2:36:43 PM

Leveraging an ACH API for Seamless Payment Integration

Continue Reading
3 min read

The Best Strategies That Can Help Forex Traders With A Day Job

By Agile Payments on Aug 5, 2023 10:55:08 PM

For part-time traders, the forex market can be difficult, leading to missed chances and the possibility of missed trades. 

Continue Reading
2 min read

Choosing the Right Integrated Payment Model for Your Platform

By Wayne Akey on Aug 3, 2023 4:14:46 PM

Choosing the Right Integrated Payment Model for Your Platform

Continue Reading
4 min read

How to Address "Friendly Fraud" and Chargeback Abuse

By Agile Payments on Aug 3, 2023 12:05:19 PM


 How to Address "Friendly Fraud" and Chargeback Abuse

Photo by Cup of Couple from Pexels 

Continue Reading
4 min read

What Is Access Control? A Key Component of Data Security

By Agile Payments on Jul 28, 2023 11:13:47 AM

What Is Access Control? A Key Component of Data Security

Continue Reading
7 min read

5 Ways Enterprises Can Stop Common  Identity Scams in Payment Systems

By Agile Payments on Jul 28, 2023 11:01:19 AM

5 Ways Enterprises Can Stop Common  Identity Scams in Payment Systems 

 

Continue Reading
7 min read

5 Ways to Improve Team Communication in The Workplace

By Agile Payments on Jul 17, 2023 4:27:35 PM

5 Ways to Improve Team Communication in The Workplace

There’s no collaboration or teamwork without communication. Even if it didn’t improve efficiency and team cohesion (which it does), with an inefficient communication system, even the simplest task can be made incredibly difficult. Finishing a task without having a clear way to report that you’re done can make someone else miss a deadline waiting for you to finish your part.

Continue Reading
3 min read

Boosting SaaS Business Productivity from the Comfort of Your Home

By Agile Payments on Jul 13, 2023 9:53:08 PM

Boosting SaaS Business Productivity from the Comfort of Your Home 

Continue Reading
4 min read

Payment vs Invoice: The Full Guide

By Agile Payments on Jul 13, 2023 9:40:54 PM

Payment vs Invoice: The Full Guide

Continue Reading
4 min read

4 Security Measures Payment Gateways Implement

By Agile Payments on Jul 7, 2023 3:25:39 PM

4 Security Measures Payment Gateways Implement

Online shopping and other digital payments are something that we all take for granted - without spending too much time fretting about security. This confidence is down to the levels of security that protect us at each stage of the process.

Continue Reading
4 min read

Navigating the Digital Economy: Online Payment Solutions for Small Businesses

By Agile Payments on Jul 7, 2023 3:18:55 PM

Navigating the Digital Economy:

Online Payment Solutions for Small Businesses

Continue Reading
2 min read

5 Proven Tech Tips For A Growing Hybrid Business

By Agile Payments on Jul 4, 2023 11:20:48 PM

5 Proven Tech Tips For A Growing Hybrid Business

Continue Reading
3 min read

Empowering Businesses with Effective Development Solutions

By Agile Payments on Jul 4, 2023 11:17:33 PM

Empowering Businesses with Effective Development Solutions

In today's dynamic and fast-paced business environment, staying ahead of the competition requires continuous development and innovation. To ensure long-term success, organizations must embrace effective development solutions that empower them to thrive in an ever-changing landscape. 

Continue Reading
5 min read

Ways How Print Ads Can Complement Digital Marketing Strategies

By Agile Payments on Jun 16, 2023 3:17:52 AM

Continue Reading
8 min read

Smart Investments: Tech Tools that Deliver Cost-Effective Results

By Agile Payments on Jun 15, 2023 12:04:08 PM

Source

Continue Reading
5 min read

Tips for Growing Your Notary Business

By Agile Payments on May 30, 2023 4:14:15 PM

Photo byStephen Goldberg onUnsplash

Continue Reading
7 min read

Optimizing Resources: 12 Essential Tools for SaaS Companies

By Agile Payments on May 26, 2023 11:25:48 AM

Optimizing Resources: 12 Essential Tools for SaaS Companies

Continue Reading
8 min read

How to Find the Right Financial Expert for Your Business

By Agile Payments on May 26, 2023 11:21:53 AM

How to Find the Right Financial Expert for Your Business

Anchor: Accounting tests 

Continue Reading
3 min read

How to Securely Manage Online Payments: A Business Owner’s Guide

By Agile Payments on May 24, 2023 11:44:04 AM

How to Securely Manage Online Payments: A Business Owner’s Guide

Continue Reading
5 min read

How Businesses Can Prevent Identity Fraud with ID Verification

By Andi Croft on Mar 8, 2023 5:08:07 PM

How Businesses Can Prevent Identity Fraud with ID Verification

Continue Reading
4 min read

The Future of Payments: Trends and Technologies to Watch in 2023

By Kat Sarmiento on Feb 24, 2023 4:55:25 PM

The Future of Payments: Trends and Technologies to Watch in 2023 

Continue Reading
6 min read

9 Effective Growth Hacking Strategies to Skyrocket Your Startup

By Andi Croft on Feb 21, 2023 8:13:32 AM

9 Effective Growth Hacking Strategies to Skyrocket Your Startup 

Photo byCampaign Creators onUnsplash


Although the term growth has been thrown around a lot, especially in the start-up community, many entrepreneurs still need to be made aware of what growth hacking is and how it works.

Continue Reading
4 min read

Why Your Small Business Should Accept Mobile Payments

By Kat Sarmiento on Feb 7, 2023 1:31:25 PM

Why Your Small Business Should Accept Mobile Payments

Continue Reading
5 min read

5 Critical Database Features That Help Manage Payment Transactions

By Andi Croft on Feb 6, 2023 11:47:04 AM

5 Critical Database Features That Help Manage Payment Transactions

Continue Reading
2 min read

Advantages of Authenticating Ownership of Bank Accounts

By Gene Krause on Jan 25, 2023 10:05:46 PM

Authenticating ownership of a bank account is a crucial step in ensuring the security and integrity of financial transactions. It is a process of verifying that the person claiming to own a bank account is indeed the rightful owner. This can be done through a variety of means, including providing personal identification, answering security questions, or providing a signature.

Continue Reading
3 min read

Ways SaaS Can Streamline Your Business Planning Process

By Agile Payments on Jan 19, 2023 12:10:32 PM

Ways SaaS Can Streamline Your Business Planning Process

Continue Reading
1 min read

Zero ChargeBack Payment Processing: There is a solution

By Wayne Akey on Dec 19, 2022 2:39:01 PM

Zero ChargeBack Payment Processing: There is a solution

Topics: Push Payments
Continue Reading
2 min read

No Merchant Account  Payment Solutions

By Wayne Akey on Dec 16, 2022 9:49:12 AM

Can you accept customer payments without having a Merchant Account?

Continue Reading
2 min read

How Push Payments | Consumer Permissioned Payments Can Help High-Risk Businesses

By Wayne Akey on Dec 14, 2022 7:52:48 AM

How Push Payments | Consumer Permissioned Payments can solve the merchant account Merry Go Round for high-risk business payment needs?

Topics: Push Payments
Continue Reading
1 min read

5 Reasons Push Payments will change the online checkout landscape

By Wayne Akey on Dec 12, 2022 11:52:48 AM

5 Reasons Push Payments will change the online checkout landscape

Topics: Push Payments
Continue Reading
4 min read

7  Tips to Increase Your SaaS Website Leads and Sales

By Lilly Miller on Dec 8, 2022 12:21:58 PM

7 Tips to Increase Your SaaS Website Leads and Sales



Continue Reading
1 min read

How PushPayments Can Transform Online Checkouts

By Wayne Akey on Dec 8, 2022 8:13:34 AM

PushPayments, also called consumer-permissioned payments, can completely eliminate payment chargebacks and reduce payment processing fees by 50% compared to credit card payments.

Topics: Push Payments
Continue Reading
4 min read

LinkedIn Marketing Tips for SaaS Startups in 2023

By Brenda Jones on Nov 29, 2022 8:32:32 AM

LinkedIn Marketing Tips for SaaS Startups in 2023

Learn to promote your startup marketing by reaching your customers and SaaS executives through lead gen forms, creating effective landing page funnels and useful content 

The vital issue for any startup, especially a “Software as a Service” company, is good marketing. These are the steps you want to take to fully utilize this process:

  1. Introduce your product to the right audience,
  2. Position this product by lead generation,
  3. Build awareness of your product by creating useful content,
  4. Connect to valuable businesses and their executives.

Owning a SaaS startup means that you need to attract new customers as fast as possible, and LinkedIn is probably the best place to achieve this. 

LinkedIn Ads’ power in lifting businesses off the ground is proven. Using them can be extremely efficient and cost-friendly. 

To grow involvement and interest in your SaaS company you need a well-designed LinkedIn marketing strategy. And the first step in achieving this is finding the right audience.

Find the right audience

A good marketing strategy means extending to those unaware of your business. This means producing content to reach a relevant audience, by adhering to the following guidelines:

  • Define your target audience by using a checklist of questions about your buyer's persona,
  • Communicate to professionals who will use your product,
  • Use jargon they will understand,
  • Focus on the pain points your SaaS product will fix.

Here are some tips to improve targeting and increase the conversion rate of your LinkedIn Ads:

  • Use videos - this lowers the ad costs,
  • Don’t block out specific industries - maximize the ad reach,
  • Don’t use the first ad edit - test different versions to see what works best,
  • Keep ads engaging - try to include any form of lead generation.

Using Lead generation forms 

A lead generation form is a web form for acquiring emails and other professional information about potential customers.

LinkedIn supports an array of lead gen forms. This way you can easily reach potential customers, capture leads, and turn them into actual clients.

Here are some tips for useful gen forms:

  • Give your gen form a snappy name or headline, 
  • Describe benefits for the customer, 
  • Add a privacy policy link,
  • Identify the data you want to collect from your leads,
  • Add a thank you page.

Once you’ve reached a potential customer, you need to contact them as soon as possible, and to achieve that - a good landing page is of great assistance.

Create a landing page funnel 

When you click on a LinkedIn ad, what you get is called a LinkedIn Ad landing page. It’s a webpage set up to encourage LinkedIn connections to take action. These pages need to provide customers with clear and compelling data and encourage them to take action.

Landing pages can be:

  1. LinkedIn generated: cheaper, easier to create, automatically populated with a low effort from customers,
  2. Hosted by yourself: more expensive, more complex, and harder to fill out, but with better prospects of customer engagement.

The landing page should always end with a thank you note. Also, a good practice example is to offer some kind of trial or schedule a short demo within your thank you page.

Create useful content

People are usually annoyed by ads. There is a way to address this: create compelling marketing content that reaches your customers’ pain points, interests, needs, and concerns. Here are some examples:

  • Fresh news stories relevant to your SaaS products,
  • How-to guides,
  • Blog posts,
  • Hot takes,
  • Infographics,
  • Some relevant educational content.

Everything needs to be concise, unique, relatable, and shareable. Titles should be interesting and relevant, using keywords associated with your SaaS product. Content needs to be engaging, fresh, and weekly. Some flashy, rich media ad formats can always improve customer engagement.

An important feat of useful ad content is its visibility to the right people, ie. other SaaS executives.

Connect with other Saas companies executives

To manage LinkedIn connections well means to fully appreciate the possibilities LinkedIn offers, especially when we talk about connecting to other SaaS executives. The following three basic targeting approaches can be used effectively in achieving this:

  1. Warm traffic targeting
  2. Cold traffic targeting
  3. Account-based targeting

Warm targeting means contacting LinkedIn connections who are not yet our customers, but with whom we already have some contact. Cold targeting is connecting with audiences unaware of your SaaS products yet. Account-based marketing refers to linking to certain executives that you think would be interested in your SaaS.  

Conclusion 

Given the current standards, 2023 will see an even more competitive SaaS market. 

To fully grow your business you need to master as many good marketing strategies as possible. And LinkedIn as a top business platform is probably the most important asset to obtain. 

There are ways to manage your LinkedIn connections so to improve your SaaS market share. 

This can be best achieved by applying the aforementioned good standards of creating solid lead gen forms, creating effective landing page funnels, and valuable content.

Continue Reading
4 min read

How to Manage Your Investment Portfolio as a SaaS Business

By Lilly Miller on Nov 23, 2022 7:32:55 AM

How to Manage Your Investment Portfolio as a SaaS Business

 

Continue Reading
4 min read

How To Improve Employee Productivity with AI

By Kat Sarmiento on Nov 19, 2022 12:49:31 PM

How To Improve Employee Productivity with AI

Continue Reading
4 min read

5 Key Funding Options For Your Company

By admin on Oct 10, 2022 12:30:08 PM

5 Key Funding Options For Your Company

Topics: Blog
Continue Reading
3 min read

How To Protect Your Business From Financial Crimes

By Miley Dowing on Sep 27, 2022 9:31:12 AM

(via: https://pixabay.com/illustrations/phishing-fraud-cyber-security-3390518/)

Topics: Blog
Continue Reading
4 min read

How to Develop an SEO Strategy for Your SAAS Company

By Lilly Miller on Sep 8, 2022 12:12:33 PM

How to Develop an SEO Strategy for Your SAAS Company

 

Continue Reading
4 min read

What Gig Workers Want in Payments

By Rummz Bajwa on Aug 30, 2022 10:01:22 AM

What Gig Workers Want in Payments

So, you're on your way to becoming a gig worker. Congratulations! You'll be joining the ranks of some of the most innovative and forward-thinking people in the workforce. But what do gig workers need to have a much-improved experience? Payments that fit their lifestyle and work habits for sure! 

Continue Reading
2 min read

Instant Payouts: A Guide for MarketPlace Instant Payout Providers

By Wayne Akey on Aug 25, 2022 6:45:00 AM

Instant Payouts: A Guide for MarketPlace Instant Payout Providers

The world is changing, folks. Gone are the times when people would accept payments taking days to reach their accounts for work they’ve completed. Nowadays, when a freelancer or employee completes their job, they want to know that they’ve been paid immediately. 

Continue Reading
4 min read

Why You Should Do a Jail History Check on a Business Partner

By Naomi Cook on Aug 23, 2022 1:35:21 PM

Photo by fauxels: https://www.pexels.com/photo/man-in-brown-sport-shirt-shaking-hands-of-man-3184294/

Why You Should Do a Jail History Check on a Business Partner 

From a financial and operational standpoint, entering into a business partnership is an excellent strategic choice. 

Continue Reading
2 min read

Instant Payouts: A Guide for SaaS Platforms

By Wayne Akey on Aug 22, 2022 12:38:36 PM

Instant Payouts: A Guide for Saas Platforms

The world is changing, folks. Gone are the times when people would accept payments taking days to reach their accounts for work they’ve completed. Nowadays, when a freelancer or employee completes their job, they want to know that they’ve been paid immediately. 

Continue Reading
4 min read

7 Essential Components That a Successful SaaS Website Should Have

By Andi Croft on Aug 17, 2022 12:35:16 PM

7 Essential Components That a Successful SaaS Website Should Have

Continue Reading
3 min read

How To Create An eCommerce Privacy Policy, And Why You Should Do So Now

By Madeline Miller on Jul 13, 2022 10:32:36 AM

How To Create An eCommerce Privacy Policy, And Why You Should Do So Now

Continue Reading
2 min read

Instant Payout Providers

By Wayne Akey on Jul 5, 2022 10:21:59 AM

Instant Payout Providers Help You Build Your Business

Continue Reading
2 min read

Instant Payout Solutions

By Wayne Akey on Jun 30, 2022 2:39:52 PM

Instant Payout Solutions

Continue Reading
5 min read

8 Best Practices for Managing SaaS Contracts & Agreements

By Andi Croft on Jun 27, 2022 8:26:26 AM

8 Best Practices for Managing SaaS Contracts & Agreements

Continue Reading
4 min read

Effective Ways E-Commerce Companies Can Protect Customer Data

By Lilly Miller on Jun 8, 2022 1:28:24 PM

Effective Ways E-Commerce Companies Can Protect Customer Data



Continue Reading
4 min read

How to Optimize Your Online Payment Process for Higher Conversion Effectively

By Andi Croft on May 25, 2022 7:39:39 AM

How to Optimize Your Online Payment Process for Higher Conversion Effectively

Continue Reading
6 min read

10 Actionable B2B Lead Generation Strategies for SaaS Businesses

By Andi Croft on May 19, 2022 10:44:59 AM

10 Actionable B2B Lead Generation Strategies for SaaS Businesses

Continue Reading
6 min read

Benefits of CRM for Accounting: Productivity Enhancement Guarantee

By Ethan Millar on Apr 25, 2022 8:22:12 AM

 

Continue Reading
4 min read

How SaaS Companies Can Take Advantage of Account-Based Marketing

By Andi Croft on Apr 22, 2022 8:26:23 AM

How SaaS Companies Can Take Advantage of Account-Based Marketing

Continue Reading
4 min read

How to Improve Operational Efficiency Using Workflow Automation

By Lilly Miller on Apr 19, 2022 8:08:39 AM

How to Improve Operational Efficiency Using Workflow Automation

 

Continue Reading
4 min read

Protect Your Customers by Using Secure Payment Systems

By Naomi Cook on Mar 9, 2022 7:30:20 AM

Photo by Ivan Samkov from Pexels

Continue Reading
2 min read

5 Tools To Conduct Surveys For Your Online Ventures

By Andy Dawson on Mar 6, 2022 1:36:14 PM

5 Tools To Conduct Surveys For Your Online Ventures

Continue Reading
5 min read

The Future Of Laravel Development

By Harikrishna Kundariya on Mar 3, 2022 7:52:25 AM

The Future of Laravel Development in 2022 & Coming Years

Continue Reading
5 min read

Why is Competitor Analysis Crucial to Drive Business Growth?

By Andy Dawson on Feb 23, 2022 12:26:47 PM

Why is Competitor Analysis Crucial to Drive Business Growth?

In the fast-paced era of automation and technological advancement, staying ahead in the business space is challenging. Especially when the market arena is noisy and full of intense competition, getting insights on your competitors becomes crucial for your business growth. 

Continue Reading
3 min read

First-hand tips on how to increase website productivity

By Alex Lysak on Feb 16, 2022 1:46:20 PM

First-hand tips on how to improve your website productivity

“You never get a second chance to make a good first impression”. What’s true in life and it’s especially true with how your website looks to new viewers. Just a ONE SECOND delay leads to your page losing 11% page views, a 16% drop in customer satisfaction, and a whopping 7% loss in conversion! One second! And 40% of customers will just give up if it takes more than five seconds.

Continue Reading
3 min read

Payment Integration Mistakes - The MSB Factor

By Gene Krause on Feb 11, 2022 2:02:59 PM

It happens on a regular basis; prospective clients contact us because they have a SaaS application in development, usually nearing launch, and they need a solution to pay-out to people or companies that serve a role within the application's ecosystem, but who are not the primary beneficiary of the funds received from a credit card payment. 

Continue Reading
1 min read

2021 ACH Transaction Volume Shows Strong Growth

By Wayne Akey on Feb 4, 2022 3:05:23 PM

2021 ACH Transaction Volume

Continue Reading
5 min read

11 Important Features for Accepting Payments on Your Website

By Andi Croft on Dec 20, 2021 9:30:29 AM

11 Important Features for Accepting Payments on Your Website

Continue Reading
2 min read

PayFac as a Business Model

By Wayne Akey on Sep 7, 2021 3:52:20 PM

PayFac or Payment Facilitation enables software platforms to both brand and monetize payment processing offerings while at the same time offering instant, hassle-free customer payments onboarding.

Continue Reading
1 min read

New Data Security Requirements for ACH Originators

By Gene Krause on May 19, 2021 10:16:36 AM

As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically. Basically, the sensitive bank account data needs to be tokenized. 

Continue Reading
6 min read

Nimble's Integration with Piesync Enables 160+ SaaS Apps Seamlessly

By Stella Lincoln on Mar 11, 2021 2:48:37 PM

 

Image Credits

Continue Reading
4 min read

5 Fundamental Social Media Marketing Strategies For eCommerce Websites

By John Peterson on Mar 1, 2021 10:45:38 AM

 

Continue Reading
2 min read

Pay by Text Virtual Terminal for Credit Unions

By Wayne Akey on Feb 4, 2021 8:08:17 AM

Many banks and Credit Unions now offer drive through only service to their customers and members.  This has created a spike in the number of in-bound phone calls for Credit Unions. For many this has resulted in a less than ideal member experience.

Topics: sms payments
Continue Reading
8 min read

Must-Have SaaS Tools for Your Business

By Agile Payment News on Feb 2, 2021 1:03:41 PM

10 SaaS Tools Every Business Must Use

Continue Reading
2 min read

Using a Pay by Text Virtual Terminal for Medical Offices

By Wayne Akey on Feb 1, 2021 7:49:56 AM

A Pay by Text Virtual Terminal offers medical offices the ability to communicate with patients in a non face to face environment. 2-Way messaging means your office personnel can text patients and interact using their computer screen ( Virtual Terminal) like their cell phone. 

Topics: sms payments
Continue Reading
3 min read

SMS Virtual Terminal | Pay by Text Virtual Terminal

By Wayne Akey on Jan 19, 2021 12:19:42 PM

 

SMS stands for Short Messaging Service, and primarily involves texting by phone. SMS Payment Solutions allow businesses to:

Topics: sms payments
Continue Reading
4 min read

Top 7 Ways Email Marketing Is Changing With AI

By John Peterson on Jan 14, 2021 7:42:01 AM

Since the rise of AI, it has had a massive impact on different industries, and as years progress, it will continue to have more significant influences in more industries. This technology can efficiently scan through a large database and use the data to generate insights from which actions can be taken. AI technology is very result-oriented. 

Continue Reading
5 min read

10 Actionable Tips to Improve Your SaaS Sales Strategy

By Kevin Urrutia on Dec 14, 2020 10:19:58 AM

Topics: SaaS Chatter
Continue Reading
3 min read

Payment Reconciliation Done Right

By Wayne Akey on Dec 10, 2020 6:39:49 PM

Disrupting the ACH and Credit Card settlement and funding process via a Funding Report

Continue Reading
6 min read

3 Tips for the Perfect User Onboarding

By Selman Gokce on Dec 3, 2020 3:17:57 PM

 

Continue Reading
3 min read

4 Key Considerations for Credit Card Payment Integrations for SaaS With Recurring Payments

By Gene Krause on Jul 1, 2020 2:19:54 PM

Any software application having a requirement to accept payments will most likely need to integrate a credit card payment integration solution. Even applications with a subscription model will likely do so, even though ACH processing lends itself very nicely to models with a recurring payment component. The fact of the matter is that credit cards are the go-to payment modal in the card not present space. If you are part of a team on a SaaS payments project, here are some key areas that you should explore.

Continue Reading
3 min read

3 Considerations for Your SaaS' Payment Gateway Integration

By Gene Krause on Jul 1, 2020 11:45:07 AM

Having been supplying payment gateway integration solutions for over 20 years now, we certainly hear some common themes when discussing potential integration solutions with prospective clients. As one prospect put it, "I think it's now become part of the developers DNA that Stripe is the defacto integration solution." Who can argue with elegant API's and fairly ease of boarding, right?

Continue Reading
5 min read

NACHA 2021 ACH Rule Change Mandates Checking Account Validation For Web Based Payments

By Wayne Akey on Jun 29, 2020 8:41:36 AM

What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?

Continue Reading
4 min read

How Fintech Can Help Small Businesses Manage Money

By Agile Payments News on Jun 3, 2020 1:28:45 PM

If you work in the professional services industry then you likely have heard the buzzword, Fintech over the years. Fintech, or businesses that combine financial services with technology, have become somewhat of a phenomenon in recent years. These companies, often from Silicon Valley, are sleek, modern businesses that approach the finance industry with sophisticated technology to optimize business financing processes such as payments, banking, and more.

Continue Reading
2 min read

Top 10 Things to Look For In An ACH API

By Wayne Akey on Jun 3, 2020 1:15:37 PM

An ACH API integration enables a business or SaaS platform to automate ACH
payment processing and reconciliation. Any business that accepts recurring payments should leverage the ACH network for 2 compelling reasons:

Continue Reading
3 min read

Top 3 Things to Look For in an IVR Payments Partner

By Gene Krause on Jun 1, 2020 1:36:44 PM

Ease of IVR menu flow configuration and editing.

Legacy IVR systems can require developer assets to be used from the IVR payments partner when initially configuring a menu and IVR workflow and subsequent edits should the menu flow require a change. In many cases these can be extremely expensive to the using organization. We have heard instances where a using organization was quoted thousands of dollars to change from using a text to speech engine to using their own recorded voice talent. It should have be be as such.

Topics: IVR Payments
Continue Reading
3 min read

7 Effective Ways to Make Your Payment Process Easier for Online Customers

By Michael Dehoyos on Jun 1, 2020 7:20:08 AM

Continue Reading
4 min read

User Experience Tips to Improve the Payment Process for Your Clients

By Leona Henryson on May 26, 2020 12:44:13 PM

Continue Reading
3 min read

Avoid These 5 Common Saas Billing Mistakes

By Molly Crockett on May 12, 2020 9:36:00 AM

 

SaaS businesses may run into billing errors every once in a while; however, it’s an unnecessary racket if the same mistakes are repeated, and they don’t have a functioning model that would save them from another billing error. To make matters worse, billing errors can cause your customers to lose trust in you as their billing authority, and might flock to your competitor(s).

Continue Reading
3 min read

How to start your career as a software engineer in a SAAS company

By Artur Meyster on May 5, 2020 12:13:51 PM

How to Start Your Career as a Software Engineer in a SAAS Company

Continue Reading
2 min read

Why ALL Health Care Organizations Need SMS Payments

By Coleman Akey on Apr 14, 2020 11:51:00 AM

Nobody looks forward to a hospital visit, but collecting payments via SMS can make a patient’s hospital experience better. Paying by text means avoiding the crowded billing office, and  patients leaving the hospital, doctor’s office, etc. as soon as possible (instead of waiting to make a payment). 

Topics: sms payments
Continue Reading
2 min read

ACH Tokenization

By Gene Krause on Apr 10, 2020 1:12:43 PM

PCI compliance doesn't apply to ACH Payment Processing, but to utilize a processing platform that is PCI DSS Level 1 certified certainly doesn't hurt security measures around your ACH origination method. NACHA doesn't have an established security certification process like the credit card world does, but they do require that processes, controls and procedures are employed to protect sensitive data like bank account information. ACH Tokenization accomplishes that.

Continue Reading
2 min read

SMS Payments for Charity: A Necessity in 2020

By Coleman Akey on Apr 8, 2020 12:36:59 PM

SMS stands for Short Messaging Service, and centers around cell phone texting. SMS Payment Solutions allow businesses to text customers with payment reminders/confirmation and accept payment via the cell phone.

Topics: sms payments
Continue Reading
1 min read

Why EVERY Charity Needs to Utilize IVR Payments

By Coleman Akey on Apr 8, 2020 11:51:09 AM

Interactive Voice Recognition (IVR) is computer technology that offers automated secure payment by phone by replacing human interaction within call centers. A phone system offers voice prompts that route calls to an IVR system instead of utilizing live customer service operators. An IVR system can handle huge loads of calls that would otherwise require substantial man hours.

Topics: ivr
Continue Reading
5 min read

IVR Payments and Security

By Gene Krause on Apr 7, 2020 1:09:41 PM

Agile Payments has been supplying various types of payments related tools for 20+ years, and one of those tools is Interactive Voice Response which allows companies to collect payments over the phone using automated IVR Payment technology.

Topics: IVR Payments
Continue Reading
2 min read

Restaurants: Touchless Payments for Carryout

By Gene Krause on Apr 3, 2020 2:58:37 PM

While we are flat in the midst of the Covid-19 pandemic, our payments related inquiries have changed a bit. More companies are looking for ways to accept payments and donations and either eliminating or reducing the normal methods in which they typically accept payments.

Topics: sms payments ivr
Continue Reading
2 min read

Understanding the Benefits of SMS Payments For Transportation

By Coleman Akey on Apr 2, 2020 11:02:00 AM

SMS payments, or “Pay by Text payments”,  allow customers to pay for services or goods via a mobile phone text message. The customer typically receives a text prompting them to initiate payment via a website interface or additional text messaging. Almost any business that takes payments for goods or services can realize operational costs savings and an uptick in collected revenues by choosing to accept payments by text message.

Topics: sms payments
Continue Reading
2 min read

SMS Payment Solutions: The 2021 Guide

By Coleman Akey on Mar 30, 2020 8:00:00 PM

 

 

 

The 2021 payments landscape demands sophisticated check acceptance risk mitigation tools. Businesses now have a new tool for collecting customer payments. SMS Payment Solutions allow businesses to:

Continue Reading
1 min read

Don't Miss Out on IVR For Property Management!

By Coleman Akey on Mar 27, 2020 5:11:26 PM

When rent payments come due, you don’t want your property management staff overwhelmed! If your property management complex is closed on the weekends, clerks are likely to be overwhelmed as soon as they open on the next available business day. Likewise, today’s customers expect to be able to make payments whenever, wherever.

Topics: ivr
Continue Reading
1 min read

An ACH API Case Study

By Wayne Akey on Mar 26, 2020 10:26:50 AM

ACH API Case Study:

Continue Reading
2 min read

Why All Utility Companies NEED SMS Payments

By Coleman Akey on Mar 25, 2020 3:56:23 PM

Today’s consumer expects service easily and instantly, with practically 80% of consumers expecting national brand service leves from their local service provider counterparts. Pay by Text solutions, or Short messaging service (SMS) solutions, are a great way for your Utility Company to offer a simple, effective customer service option.

Topics: sms payments
Continue Reading
1 min read

Understanding IVR For Utility Companies

By Coleman Akey on Mar 25, 2020 11:54:02 AM

Despite the convenience of online payments, 62% of utility customers claim to prefer making a payment without logging into a system. Likewise, more than ¾ of general consumers have claimed to make at least one payment per month via the phone. 

Topics: ivr
Continue Reading
3 min read

Call Center Payment Processing

By Gene Krause on Mar 23, 2020 4:01:35 PM

Call center payment processing varies from organization to organization in terms of how it is managed, but the most used methods are from one of the following methods:

Continue Reading
1 min read

SMS Payments For Storage Facilities

By Coleman Akey on Mar 20, 2020 2:08:34 PM

Continue Reading
1 min read

IVR Payments For Storage Facilities

By Coleman Akey on Mar 20, 2020 1:09:26 PM

78% of consumers have reported making at least one payment per month via phone payments, with 60% preferring our phones to make payments. This means storage facilities are in a prime position to utilize an IVR Payments system in 2020.

Continue Reading
1 min read

SMS Payments For Waste Management

By Coleman Akey on Mar 17, 2020 1:16:00 PM

The waste management sphere is seeing a major increase in the volume of electronic payments. More than 3/4 of consumers expect local service providers to offer the same degree of service as national brands, which simply makes having an electronic payments system that handles credit cards/ACH payments necessary in 2020. Short messaging service (SMS) solutions are a great way for your waste management company to offer a simple, effective customer service option.

Topics: sms payments
Continue Reading
4 min read

How Software Platforms Can Leverage Payment Facilitation As A Service To Gain Clients And Create New Revenue Streams

By Wayne Akey on Mar 16, 2020 8:51:18 AM

 

Continue Reading
1 min read

IVR Payments For Waste Management

By Coleman Akey on Mar 15, 2020 3:38:11 PM

The public utilities and municipalities realm is experiencing a major increase in electronic payments. With 79% of consumers expecting local service providers to offer same level service as national brands, an electronic payments system that handles credit cards/ACH payments is a necessity in 2020. An Interactive Voice Response (IVR) system is a simple, effective way for your waste management business to provide more thorough customer service.

Topics: IVR Payments
Continue Reading
2 min read

What Does a Successful Payment Gateway Integration Look Like?

By Gene Krause on Feb 5, 2020 1:06:52 PM

Ideally, organizations looking for a Payment Gateway Integration for SaaS start considering their options far in advance of the new application going live. Or in the case of an existing application, far in advance of the need to flip the switch on for the payment processing functionality that the new payment gateway integration will be supporting. 

If you'd like more detail you can view our whitepaper on Payment Gateway Intgeration 

Continue Reading
3 min read

Looking at the Correct Priorities in a Payment Gateway Integration?

By Gene Krause on Jan 27, 2020 10:02:35 PM

We're continually surprised at the differing perspectives and priorities that various organizations and companies have for integrating to a Payment Gateway Integration. However, there is one constant; each and every integrating organization or their client using base that sells a service or product. To put it simply, they are looking to make a profit from their sales via electronic transactions. Aren't we all (profit)?

Continue Reading
3 min read

How does a Software Platform make money from Payment Facilitation As A Service?

By Wayne Akey on Jan 27, 2020 8:27:00 AM

For SaaS applications with payment needs, eg Rentlee, a landlord platform offering rent collection, Payment Facilitation as a Service allows the platform to act as a master merchant account. This allows landlords to be set up as sub-accounts and begin accepting rent payments instantly. In the past Rentlee would have had to spend hundreds of thousands of dollars and 6+ months to register with the card associations to act as a true Payment Facilitator.

Continue Reading
1 min read

Top 5 Things To Look For In Your Payment Facilitation as a Service Provider Search

By Agile Payments on Jan 21, 2020 8:23:04 AM

Top 5 Things to look for in your Payment Facilitation as a Service Provider Search

Continue Reading
2 min read

What does a successful Credit Card Payment Integration look like?

By Wayne Akey on Jan 21, 2020 8:15:00 AM

What does a successful Credit Card Payment Integration look like?

Continue Reading
1 min read

Top 9 Things to look for from a Recurring Credit Card Integration API

By Wayne Akey on Jan 17, 2020 8:26:58 AM

Here are Top 9 Things to Look for from a Recurring Credit Card Payment Integration API

1-API availability: Does the partner offer a modern, elegant RESTful API

Continue Reading
1 min read

How Payment Facilitation as as Service can power revenue growth for SaaS platforms

By Agile Payments on Jan 15, 2020 9:30:00 AM

How Payment Facilitation as as Service can power revenue growth for SaaS platforms

Continue Reading
2 min read

How Strategic Credit Card Payment Integration Can Help Grow Platform Revenue and User Base

By Wayne Akey on Jan 14, 2020 1:53:40 PM

By integrating a Credit Card Payment Processing solution your application users gain the ability to accept credit and debit card payments from their end customer.

Continue Reading
2 min read

Integrating the On-Boarding of ACH Processing in an SaaS Application

By Gene Krause on Jan 14, 2020 1:08:57 PM

Software applications that require payments functionality often can benefit from adding the ACH payment rail. That's especially true for applications that have a subscription or recurring payments component. Thus the application's management or stakeholders will look to various ACH Providers for discussing requirements and finding a solution that meets their needs.

Continue Reading
3 min read

Pay By Text Solutions: Why Your Business Needs To Get On Board

By Wayne Akey on Jan 14, 2020 1:06:55 PM

Pay by Text payment solutions offer businesses a simple, cost effective method to securely collect customer payments.

Topics: IVR Payments
Continue Reading
2 min read

Media marketing - How to Leverage IVR for Order and Payment Acceptance

By Gene Krause on Jan 14, 2020 1:06:22 PM

Marketing products or services via mass media to consumers can result in an enormous number of consumer responses, sometimes flooding a call center or even some IVR systems. If the media used is television or radio, the consumer responses arrive at a narrow, but predictable time, further challenging an IVR system's capabilities. Having an IVR system that can handle the call load is just one critical issue that media marketers face in fulfilling their customer orders and accepting consumer payments.

Topics: IVR Payments
Continue Reading
3 min read

Late Payments Acceptance via IVR

By Gene Krause on Jan 14, 2020 1:05:24 PM

Interactive Voice Response (IVR) has been around for quite a while now, and it's use for payments acceptance has grown significantly in recent years. With recent advents in IVR systems along with increased cell phone adoption, businesses and organizations now have more tools to bill their customers and collect and accept late payments by phone.

Topics: IVR Payments
Continue Reading
2 min read

So You Need an ACH Transfer API - 2020

By Gene Krause on Jan 14, 2020 1:04:32 PM

What is an ACH Transfer API, anyway? Quite simply, it's an API that provides the ability for a software application to integrate ACH processing capabilities for the purpose of providing the application to originate, manage and report on the transfer of funds between bank accounts.

Continue Reading
2 min read

What are your eCheck API requirements for 2020?

By Gene Krause on Jan 13, 2020 10:18:11 AM

If you're part of a SaaS dev team or a stakeholder and have determined that your application has a need for an eCheck API, have you defined your requirements?

Continue Reading
3 min read

PCI IVR Payment Solution

By Wayne Akey on Jan 13, 2020 10:15:56 AM

 

Topics: IVR Payments
Continue Reading
3 min read

Best IVR Payment Systems

By Wayne Akey on Jan 13, 2020 10:15:05 AM

Best IVR Payment Systems: What to look for in your IVR Payment search

An IVR Payment Solution creates new customer option that allows customers to pay bills or invoices without involving business staff or resources. Customers dial into a  phone and connect to an automated IVR system that interacts via voice prompts with the caller, allowing them to pay amounts due without human interaction from the business side.

Topics: IVR Payments
Continue Reading
2 min read

Where are the ACH API Providers?

By Gene Krause on Jan 13, 2020 10:14:27 AM

ACH API Providers are organizations that provide an API for the purpose of integrating a software application to originate and manage ACH transactions. 

Continue Reading
2 min read

ACH Payment API Requirement Considerations for 2020

By Gene Krause on Jan 13, 2020 10:13:45 AM

Many software applications have a need to accept payments, and many require the need to integrate payments functionality via an API. For some of these application organizations, integrating to a credit card API isn't enough and have a need to integrate to an ACH Payment API.

Continue Reading
3 min read

IVR Transactions

By Wayne Akey on Jan 13, 2020 10:12:55 AM

IVR Transactions: Interactive Voice Response for Inbound Customer Payment Transactions

IVR Transactions occur when customers call into an IVR Payment Solution.

Topics: IVR Payments
Continue Reading
2 min read

IVR Payment Software

By Wayne Akey on Jan 13, 2020 10:12:13 AM

IVR Payment Software: What are your options in your IVR Payment Solution search

IVR Payment  Software Solutions offer payment options that allow clients to pay bills or invoices via self service. Customers dial into a  phone and connect to an automated IVR system and interact via voice prompts, allowing customers them to pay amounts due without human interaction from the business side.

Topics: IVR Payments
Continue Reading
3 min read

IVR Gateway

By Wayne Akey on Jan 13, 2020 10:10:54 AM

PCI Compliant IVR Payment Gateway Solutions – Interactive Voice Response for Phone Based Customer Payments

An IVR Gateway provides automated phone based payment acceptance solution for organizations.

Topics: IVR Payments
Continue Reading
2 min read

IVR Tokenization : PCI Compliance for IVR Payments

By Wayne Akey on Jan 9, 2020 3:16:39 PM

PCI Compliant IVR Tokenization Solutions – Interactive Voice Response for Phone Based Customer Payments

Credit card data is required to be handled in a PCI compliant manner. IVR Tokenization is the process that securely exchanges full credit card number for a non-sensitive replacement value in an IVR Payment Solution.

Topics: IVR Payments
Continue Reading
2 min read

IVR Billing

By Wayne Akey on Jan 9, 2020 3:09:46 PM

IVR Billing - 24/7/365 Automated Customer Payment Center

Topics: IVR Payments
Continue Reading
1 min read

IVR Phone Payment

By Wayne Akey on Jan 9, 2020 3:08:36 PM

IVR Phone Payments- 24/7/365 Automated Customer Payment Center

Topics: IVR Payments
Continue Reading
2 min read

Considering an ACH Payments API in 2020

By Gene Krause on Jan 9, 2020 1:52:17 PM

Software organizations that serve a customer base having recurring payments can better position themselves by integrating to an ACH Payments API. There are many reasons this is true, but the underlying fact that allows this is that these type organizations have a customer base of a subscription nature and who know their customers well.

Continue Reading
2 min read

ACH API Provider 2020, What Is Needed?

By Gene Krause on Jan 9, 2020 1:51:37 PM

If your organization is looking to integrate ACH payment processing, you likely have compiled a list of what your requirements are that are needed from the ACH API Provider. Integrating organizations can differ greatly in their needs, so be sure to have your transaction flows documented.

Continue Reading
2 min read

Canadian EFT - API Integration

By Gene Krause on Jan 9, 2020 1:47:29 PM

Many organizations are stuck in the world of managing their Canada EFT transactions by way of file submission. In some cases using antiquated windows software that is limited at best in ongoing maintenance. Fortunately there are Canadian EFT API integrations available.

Continue Reading
3 min read

Payment Facilitation Providers

By Wayne Akey on Jan 9, 2020 1:45:50 PM

Payment Facilitator Provider: Who do you work to become a Payment Facilitator?

A Payment Facilitator or PayFac  acts as a the Master Merchant. The  Payment Facilitator role is to quickly and easily onboard their sub merchants or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions for participants in their payment ecosystem. The Payment Facilitator is responsible for regulatory compliance and has financial risk of their sub-users.

In the past the only Payment Facilitator Provider offering was to become a  “True PayFac”. Becoming a true Payment Facilitator is expensive, time consuming and requires staffing to meet compliance and risk mitigation demands. In essence you become a payment business in addition to to your core SaaS offering.

Continue Reading
3 min read

Check Verification Process

By Coleman Akey on Jan 9, 2020 1:43:50 PM

In 2020 the payment landscape demands sophisticated check acceptance risk mitigation tools. A Check Verification Process mitigates check acceptance risks at the point of sale, with verification options ranging from automated routing number check and negative database options, to near real-time inquiries into current checking account status.

Continue Reading
2 min read

ACH Payment Gateway API

By Gene Krause on Jan 9, 2020 1:26:52 PM

While the ACH network is still a batch network, utilizing an ACH Payment Gateway API can do wonders for software applications in enhancing their capabilities by communicating with a real-time communication integration. Let's examine some of the modern communication tools available from these ACH gateways.

Continue Reading
2 min read

Payfac Companies

By Wayne Akey on Jan 9, 2020 1:25:35 PM

Payment Facilitator Companies

A Payment Facilitator takes on the role of the  Master Merchant. The primary benefit to becoming a Payment Facilitator is that you can quickly and easily enroll your app users and enable processing of  credit, debit card and in some case ACH transactions .

As an example: A SaaS offers an invoicing solution eg QBooks. Businesses that want to leverage their invoicing solution complete a simple application and 15 minutes or so later they are approved and set up to accept customer payment. For our example let’s say the business name is “Best Landscapers”.  They applied and are now approved and ready to bill/invoice there customers using the QBooks platform.

Continue Reading
2 min read

Payment Facilitator versus Payment Processor

By Wayne Akey on Jan 9, 2020 1:24:43 PM

Payment Facilitator versus Payment Processor : What’s the Difference

Continue Reading
3 min read

Payment Facilitator Program

By Wayne Akey on Jan 9, 2020 1:23:46 PM

Payment Facilitator Programs

Payment Facilitators [Payfacs] are  Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application.

Continue Reading
2 min read

Payment Facilitator Tools

By Wayne Akey on Jan 9, 2020 1:22:07 PM

Payment Facilitator Tools

A Payment Facilitator takes on the role of Master Merchant. This allows them to set up their application users to accept payments. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions .

An example: A SaaS offers an business management solution for Yoga Studios. The software is call Yoga101.  Yoga 101 uses Payment Facilitator Tools to allow quick sign up and provide payout and compliance functionality.

Continue Reading
3 min read

Payment Facilitator or Payments Partnership? Which option is the better fit for your SaaS

By Coleman Akey on Jan 9, 2020 1:20:44 PM


SaaS companies that offer payment processing solutions must decide whether or not becoming a Payment Facilitator or engaging in a Payments Partnership is the more viable solution for their business. Neither
option is “better” per se, the pros and cons of each must be weighed against your expectations for your business. First, we must understand what it means to become a Payment Facilitator (PayFac) or to engage in a Payments Partnership.

Continue Reading
1 min read

Text Payment Solutions: 7 Things to look for from your Text to Pay Provider

By Wayne Akey on Jan 9, 2020 1:20:05 PM

Text payment solutions offer businesses a fantastic tool for automating payment and especially late payment collection.

Continue Reading
1 min read

IVR Payments for Insurance Premiums

By Agile Payments on Jan 9, 2020 1:18:35 PM

An insurance company looking to streamline payments by phone had the following issues:

  • The insurance company was looking to provide excellent customer service, but the volume of calls received made doing this a difficult challenge. The Insurance company’s most frequent calls were from clients making payments. Agents spent significant time processing payments manually, resulting in expanded average call handling and hold times. The Insurance company was looking to automate this process.
  • Automating payments meant that the Insurance company had to have a PCI compliant solution that did not expose sensitive card data.
  • The Insurance company sought to drive down operating costs while balancing superior customer service.

The Solution

  • The Insurance company integrated the AgilePayments IVR platform to build a user-friendly workflow to handle its payment processing needs. The AgilePayments solution offered a modular, intuitive solution build, customized to the Insurance company needs.
  • The Insurance company’s application was built and deployed in AgilePayments secure, PCI-compliant network. This allowed the Insurance company to utilize the AgilePayments platform to both operate and maintain a secure environment to process critical customer financial data.
  • Data analysis and tracking allowed the Insurance company to measure automation rates and to monitor how customers used the IVR payment application.

Results

  • Following deployment of the Insurance company payment IVR application, close to 90% of payment-related calls were handled by the automated IVR payment system. This reduced average cost per call from over $4 to about 30 cents, or over 90% reduction in costs.

Utilizing AgilePayments IVR platforms enable Insurance companies to significantly improve their customer service offerings while at the same time dramatically reducing costs. With an automated payment application in place, live agents spend more time providing high-touch service for customer inquiries.

Topics: IVR Payments
Continue Reading
2 min read

Managed Payment Facilitation and HealthCare Applications

By Wayne Akey on Sep 26, 2019 1:16:53 PM

Continue Reading
2 min read

Risks of Direct Deposit Payroll Processing

By Gene Krause on Sep 24, 2019 1:21:44 PM

Recent news has once again exposed the reality that there are inherent risks for a third party ACH processor in handling and processing payroll transactions for a company who handles payroll for multiple companies or even a single company's needs. 

Continue Reading
2 min read

Payment Facilitation Solutions For Property Management Platforms

By Wayne Akey on Sep 20, 2019 7:32:00 AM

Payment Facilitation allows a SaaS application the ability to accept payments on behalf of its end users. The platform users complete a simple application and in minutes can begin accepting credit cards and in some cases ACH Payments.

This ability to onboard clients without having the user apply for a traditional merchant account [that can take days and require supporting documentation like bank statements and tax returns] offers a friction-free onboarding experience.

Payment Facilitation at its core offers instant onboarding of platform users. If that is not an absolute necessity there are alternative that will better meet needs. See Payment Processing Partnerships.

Continue Reading
2 min read

Why Canada EFT Integration is Difficult

By Agile Payments on Sep 19, 2019 8:41:09 PM

What is Canada EFT?

Topics: Canada
Continue Reading
3 min read

Property Management, Leveraging an ACH Integration

By Gene Krause on Sep 19, 2019 12:59:12 PM

Property management applications are extremely popular today. There is rarely a week that goes by where we are not contacted by a software application that serves property management in some way or another. Often, we are discussing payments solutions with many at one time.

Continue Reading
2 min read

Is ACH a Requirement for Applications With a Recurring Payments Component?

By Gene Krause on Sep 10, 2019 3:48:16 PM

Applications that have a subscription component can differ in many ways, but almost universally there is an advantage for the application to integrate to an ACH API for origination and management of recurring payments. requirement, maybe not. Advantage to integrate and offer, most certainly.

One of the common problems that subscription based applications

Continue Reading
2 min read

Hybrid Payment Facilitation for SaaS Platforms

By Wayne Akey on Sep 10, 2019 10:27:02 AM

A Payment Facilitator can be thought of as a Master Merchant that facilitates and processes credit and debit card transactions for their platform users.

Continue Reading
2 min read

Managed Payment Facilitation : What is it and is it right for your SaaS?

By Wayne Akey on Sep 3, 2019 7:50:06 AM

Managed Payment Facilitation : What is it and is it right for your SaaS

Continue Reading
5 min read

The ACH Payment Aggregator Debate: Why Your Business Should Consider a Partnership

By Wayne Akey on Aug 27, 2019 2:17:00 PM

For a business owner, selecting the best and most cost-effective method of accepting customer payments can be confusing and overwhelming, particularly as the range of payment options continues to grow.

A payment aggregation solution offers a platform the ability to act as a master merchant and instantly onboard application sub-users. These users can complete a simple form and in minutes begin accepting payments.

Continue Reading
4 min read

Reducing Credit Card Declines: How Subscription Billing Management Providers Can Address Business’s Biggest Revenue Threat

By Wayne Akey on Aug 8, 2019 8:00:00 AM

The 2019 payments landscape has inherent risks for any SaaS applications.

For example, imagine you are a business owner with 500 customers that you bill $100 per month on a recurring basis. Your business runs and plans based on $50,000 per month coming in the door on a regular basis. It took a long time and a lot of work to get to the point where your business generates that amount of reliable predictable income. You pay salaries, rent, handle plan development, and manage marketing campaigns ALL around that recurring revenue.

Continue Reading
2 min read

Bank Account Owner Authentication Service: Moving Beyond Check Verification Services

By Coleman Akey on Aug 6, 2019 11:39:00 AM

Bank Account Owner Authentication Service: Moving Beyond Check Verification Services

Continue Reading
3 min read

ACH Payment Facilitation

By Gene Krause on Jul 15, 2019 10:34:16 AM

The ACH Facilitator : What you must know

Continue Reading
4 min read

SaaS - Expanding Market Reach to Canada With Payments

By Gene Krause on May 28, 2019 2:15:18 PM

Have a software application with a payments requirement and want to enter the Canadian market? We'll show you how.
Overview
Payment Rails
EFT API
Processing Costs
Recurring Payments
Payment Facilitation

Overview: For software applications, especially those that serve a vertical base of client user organizations, one logical way to expanding market reach is to open up the application to countries outside your initial geographical focus. Often the logical choice is a near or adjoining country. In the case of applications that were born is the United States the choice is commonly Canada.

Topics: Canada
Continue Reading
2 min read

SMS Payment Provider

By Wayne Akey on May 13, 2019 3:25:07 PM

SMS Payment Provider | Pay by Text Provider 2019

Topics: IVR Payments
Continue Reading
3 min read

SMS Payment Gateway

By Wayne Akey on Apr 29, 2019 7:48:38 AM

SMS Payment Gateway Solutions | Pay by Text Payment GatewaySolutions 2021
Continue Reading
4 min read

MarketPlace Payments : What you must know

By Wayne Akey on Apr 17, 2019 9:43:00 AM

Looking to leverage or provide MarketPlace Payments? What you must know

Continue Reading
2 min read

MarketPlace Payment Solution Challenges

By Wayne Akey on Apr 16, 2019 9:42:17 AM

MarketPlace Payment Solutions

Continue Reading
1 min read

The role of the Payment Gateway for MarketPlace Payments 2021

By Wayne Akey on Apr 15, 2019 10:41:15 AM

The role of the Payment Gateway for MarketPlace Payments

When evaluating technical payment solutions that address the primary needs of a MarketPlace Payment solution the integration to the Payment Gateway plays a vital role in the MarketPlace success. For platforms considering launching or monetizing their MarketPlace payments play a vital role in both the success [or failure] of the platform as well as a primary revenue driver6.

Continue Reading
1 min read

MarketPlace Payments and the Merchant of Record: What does it mean?

By Agile Payments on Apr 15, 2019 9:47:00 AM

MarketPlace Payments and the Merchant of Record: What does it mean?

Continue Reading
2 min read

Utilizing a Canada Electronic Funds Transfer

By Coleman Akey on Mar 22, 2019 11:26:00 AM

Canada Electronic Funds Transfer is easiest and most cost effective solution to managing Canadian ACH, allowing businesses based in Canada to debit checking accounts for one-time or recurring payments.

Continue Reading
2 min read

Canada Electronic Funds Transfer

By Coleman Akey on Mar 22, 2019 11:24:00 AM

Canada Electronic Funds Transfer processing options are scarce compared to the ACH processing providers available in the United States. Options are limited because of the small number of banks that run the payments sphere. This makes it difficult to gain access to Canada EFT processing.Utilizing a canada electronic funds transfer allows Canadian businesses to debit checking accounts for one-time or recurring payments.

Continue Reading
3 min read

Understanding the Benefits of Hybrid Payment Aggregation

By Wayne Akey on Mar 21, 2019 2:05:00 PM

The decision to become a Payment Aggregator or Payment Facilitator (Payfac) has massive implications for a SaaS application provider.

Continue Reading
3 min read

5 Things You Must Have To Become A Payment Facilitator in 2021

By Wayne Akey on Mar 21, 2019 9:46:00 AM

Payment facilitation is the process by which one entity, a master merchant, processes or facilitates payments on behalf of a base of sub merchants.

Topics: payfac
Continue Reading
3 min read

Payment Aggregation: What Can Possibly Go Wrong?

By Wayne Akey on Mar 21, 2019 9:00:00 AM

For the SaaS provider, the potential advantages of becoming a Payment Aggregator can be compelling. The Payment Aggregator model can seem very attractive, both for ease of onboarding and potential revenue generation.

Continue Reading
3 min read

Why the Payment Aggregator Business Model is Compelling

By Gene Krause on Mar 21, 2019 8:00:00 AM

Payment Aggregation, or Payment Facilitation (Payfac), allows a SaaS company to act as a master merchant for its users. The SaaS provider onboards its clients via a fairly non-intrusive application process, and this easy, fast onboarding makes it simple for the SaaS company’s users to begin accepting customer payments very quickly.

Continue Reading
6 min read

Payment Aggregation

By Wayne Akey on Mar 20, 2019 3:41:00 PM

Becoming a Payment Facilitator, Payment Service Provider [PSP] or Payment Aggregator. Being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem. Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into the software provider classification. However, with the many advantages come some unique challenges. We’ll discuss both in this article.

Topics: White Papers
Continue Reading

Payment Aggregation

By Agile Payments News on Mar 20, 2019 2:20:00 PM

Becoming a Payment Facilitator, Payment Service Provider [PSP] or Payment Aggregator.

In Payment Aggregation, being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem. Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into the software provider classification. However, with the many advantages come some unique challenges.

Continue Reading
3 min read

Checklist for Finding the Best Payment Aggregation Partner

By Gene Krause on Mar 20, 2019 2:16:00 PM

The number of SaaS companies looking into payment processing on behalf of their customers is growing rapidly. More and more companies are looking at Payment Aggregation | Payment Facilitation as an attractive option to provide a service that offers fast, easy onboarding for their customers and generate new revenue streams in the process.  

Continue Reading
3 min read

5 Things You Must Have To Become A Payment Aggregator in 2021

By Wayne Akey on Mar 20, 2019 2:14:00 PM

Payment aggregation or payment facilitation allows one entity, or master merchant, to process or facilitate payments on behalf of sub merchants.

Continue Reading
2 min read

What is a Managed PayFac?

By Coleman Akey on Mar 19, 2019 2:09:00 PM

Continue Reading
3 min read

Payment Facilitation: What Can Possibly Go Wrong?

By Wayne Akey on Mar 19, 2019 12:22:10 PM

For the SaaS provider, potential advantages in becoming a Payment Facilitator (aka Payment Aggregation) are compelling: payment facilitation drives ease of client onboarding and unlocks a new stream of revenue generation.

Topics: payfac
Continue Reading
2 min read

Why the Payment Facilitator Business Model is Compelling

By Wayne Akey on Mar 19, 2019 12:15:54 PM

Payment facilitation, or operating as a “PayFac” allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments by credit card or ACH Payments [some providers offer].

Topics: payfac
Continue Reading
4 min read

3 Ways to Become an ACH PayFac

By Wayne Akey on Mar 19, 2019 12:14:48 PM

 

 

Topics: payfac
Continue Reading
4 min read

Payment Facilitation and MyEvent.com : An interview with Rob Hirscheimer

By Wayne Akey on Mar 19, 2019 12:14:04 PM

An interview with MyEvent.com. Early adopters of the PayFac business model MyEvent.com has successfully implemented payment facilitation and used it to grow their business and acquire new clients.

Topics: payfac
Continue Reading
4 min read

Payment Facilitation and Property Management SaaS applications

By Wayne Akey on Mar 19, 2019 12:13:30 PM

 

Continue Reading
5 min read

Why WePay is Wrong About PayFac ROI

By Gene Krause on Mar 19, 2019 12:12:42 PM

Recently, PYMNTS, a leading payments and commerce industry news site published a piece on PayFacs based on an interview with WePay co-founder Richard Aberman.

Hyperbole aside, we want to examine Mr. Aberman’s view and provide some balance to the conversation for companies exploring payment facilitation.

Continue Reading
3 min read

Two key ways Payment Facilitation can change your business. Why SaaS platforms should consider becoming a PayFac.

By Wayne Akey on Mar 19, 2019 12:12:04 PM

Payment facilitation, or PayFac allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments by credit card.

Topics: payfac
Continue Reading
4 min read

So You Want To Be a Payfac? The Number One Question You MUST Ask

By Wayne Akey on Mar 19, 2019 12:10:44 PM

So you want to be a PayFac? The 1 question you must answer

Continue Reading
3 min read

Another Reason for SaaS platforms to become a PayFac or Payment Facilitator

By Wayne Akey on Mar 19, 2019 12:09:52 PM

We get frequent inquiries from SaaS platforms and start ups about becoming a PayFac or Payment Facilitator.

Continue Reading
2 min read

Managed Payfac Solutions

By Coleman Akey on Mar 19, 2019 12:08:41 PM

Businesses that are Payment Facilitators [Payfacs] are in essence Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application.

Continue Reading
3 min read

Is Frictionless Onboarding Worth the Risk?

By Wayne Akey on Mar 18, 2019 12:50:00 PM

If you’ve considered becoming a Payment Facilitator (PayFac) for your SaaS customer base, you’re familiar with the term “KYC,” or Know Your Customer. As the payment processing industry continues its trend of explosive growth, however, KYC might be more accurately termed “CYA.”

Continue Reading
4 min read

7 Must-Haves in a Payment Facilitation Partner

By Gene Krause on Mar 18, 2019 12:40:00 PM

As the idea of Payment Facilitation gains traction, more and more SaaS companies are exploring becoming a PayFac. Conceptually, it is an attractive feature to introduce: fast, easy, onboarding and new means of revenue generation. In fact, independent software vendors and SaaS companies are poised to generate $4.4 billion in revenue from payment processing alone by 2021.

There exists a number of issues that need consideration prior to becoming a Payment Facilitator or Payfac, however.  While the benefits of facilitation are clear, companies cannot overlook the essentials of selecting a facilitation partner. The nature of your partnership will be key in ensuring appropriate customer service, profit generation and risk or liability mitigation.

Continue Reading
3 min read

Looking to become a Payment Facilitator as an SaaS application?

By Wayne Akey on Mar 18, 2019 12:34:00 PM

Steps to becoming a Payment Facilitator are outlined below.

Topics: payfac
Continue Reading
9 min read

Why Every SaaS Platform Should Consider Becoming a PayFac

By Wayne Akey on Mar 18, 2019 12:31:00 PM

EXECUTIVE SUMMARY

SaaS platforms and Software vendors have a unique opportunity. Whether you already offer some type of payment collectionoption or have an application that has the potential to leverage payments there has never been a better time to explore your options.

Continue Reading
2 min read

3 Sure Signs that becoming a Payment Facilitator IS NOT for Your SaaS App

By Wayne Akey on Mar 18, 2019 12:24:00 PM

Payment facilitation or payment aggregation allows one entity, the master merchant, to process or facilitate payments for a base of sub-merchants. For SaaS providers these are typically application end users or customers.

Topics: payfac
Continue Reading
2 min read

Can an ACH API benefit your organization? 2021 Version

By Gene Krause on Feb 25, 2019 2:49:00 PM

ACH payments and disbursements aren’t new. ACH payments have been around since 1974, and by the end of 2016, the total volume of ACH processing exceeded $40 trillion. If you have made monthly AutoPay payments for your mortgage, paid a credit card bill or received salary as direct deposit, those transactions were via ACH.Any SaaS application that has a user base with recurring or subscription payments needs must include ACH payments as a payment rail option. In many cases ACH should be the defacto payment method for anything recurring. The simple fact is that ACH transactions have much lower processing costs than do credit card transactions. Further, credit card decline rates can cause havoc with recurring payments because of much higher decline rates. How the SaaS development team decides to manage recurring payments should be their choice. They may opt to utilize the ACH API’s recurring scheduling system or, manage the recurring schedule within their application.

Continue Reading
2 min read

Why an ACH Processing API? 2019 Guide

By Gene Krause on Feb 25, 2019 2:46:00 PM

For software applications that have an end-user base in a subscription model or include recurring transactions, an ACH Processing API is a must. Sure, few of these SaaS applications would want to discount the use of credit card processing because it's a commonly used payment modal, but being subscription based sets the application into an area of knowing their customer base much differently than some business that sells widgets on a one-time basis to consumers that might never revisit or occasionally purchase goods or services. Moreover, customers of these subscription based businesses more than likely rely on receiving their goods or services that the organization and SaaS provides.

Continue Reading
2 min read

Recurring ACH API 2021

By Agile Payments on Feb 25, 2019 2:28:13 PM

Recurring ACH API For SAAS Platforms

Continue Reading
2 min read

ACH Transfer API - 2019 Guide

By Wayne Akey on Feb 25, 2019 2:26:53 PM

How can an ACH Transfer API help your business or SaaS?

An ACH Transfer API provides an additional payment option: Using the ACH network allows a business to debit or credit checking and savings accounts.

Continue Reading
3 min read

Does an ACH Integration Make Sense?

By Gene Krause on Feb 12, 2019 6:36:41 PM

Some applications are more favorably aligned with acceptance of eCheck (ACH) transactions than others. Applications that are proprietary and align themselves well with eCheck acceptance and only support their business can often start out with using an external transaction management tool for payment origination and management. On the other hand, applications that are used my multiple organizations or businesses are far less likely in being able to get by with utilizing an external payment management tool. Let's examine some key areas that factor in to whether and when an ACH Integration might make sense.

Continue Reading
3 min read

Top 5 New Apps and Their Future

By Amanda Peterson on Feb 11, 2019 10:37:03 AM

 

Even though 2019 is only two months old, there are many new apps available for both Android and Apple devices. From improvements in health to new tech assistants, these apps will be helpful now and into future.

Continue Reading
1 min read

ACH Check Validation Providers

By Coleman Akey on Jan 29, 2019 8:54:53 PM

The majority of the time payment rejects are accidents, and making customers go through the hassle of the sale process again will undoubtedly lead to a fraction of those sales being lost. By leveraging checking account verification tools businesses can reduce the chance of losing customers over simple data entry errors. Businesses that rely on future billing are especially vulnerable to bad check data, utilizing ACH Check Validation Providers can dramatically reduce bad check acceptance and the subsequent workflow problems.

Continue Reading
2 min read

P2P Payment Apps and Challenges

By Wayne Akey on Jan 29, 2019 12:14:30 PM

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

Continue Reading
3 min read

IVR Payments - Not Just For Inbound Calls

By Gene Krause on Jan 29, 2019 10:58:25 AM

Businesses that have employed Interactive Voice Response technologies for acceptance of payments are generally more familiar with an IVR solution that focuses on inbound calls. Inbound IVR Payments do a wonderful job at eliminating customer service time spent on the phone where they provide customers their invoice amounts and details about the receivables, then collecting payment information where they enter it into whatever payment origination software that they are using for processing. 

Topics: IVR Payments
Continue Reading

Featured