The payment industry needs a revolution from being mere service providers to becoming strategic partners. Modern payment processors should leverage data to drive business decisions and promote growth. Businesses and processors should form genuine partnerships, focusing on shared goals and mutual growth. This revolution can create a new paradigm of transparency, value-driven solutions, and adaptability.

To optimize payment operations, manage costs effectively, and maximize your bottom line, it’s crucial to understand the cost of payment processing. One important concept in understanding how fees are charged by card issuers and financial institutions is basis points.

Small business owners to high-level executives know the importance of having a reliable payment solution that accepts a variety of payment methods. Credit cards and digital wallets have become the norm, but there is another method that should not be overlooked: ACH payments.

From small operations to multinational corporations, payment reconciliation is an incredibly important step in the overall payment processing landscape. In this blog post we’ll provide you with an overview of what payment reconciliation entails so that you can ensure a successful process for each transaction moving forward.