Paper checks for ongoing consumer expenses such as rent, mortgage, utilities, and taxes are rapidly being replaced by electronic payment processing. Consumers expect to be able to pay bills online. Companies that to offer electronic payment options to their customers satisfy customer demand while..
According to researcher Mercator Advisory Group, the load volume on open-loop, also called general-purpose or network branded, prepaid cards will surpass load volume on closed-loop cards by 2012.In its sixth annual prepaid card Mercator said users loaded $187.2 billion onto closed-loop cards last..
What are Direct Payments?Direct payment is the term used for paying bills electronically through the ACH payments network. Direct Payment goes by many names, including automatic bill payment, automatic debit, electronic bill payment, or direct debit.Billers use direct payments for both one-time or..
Make It Easy for Customers to Pay YouThese days, it’s amazing that some companies still do not provide customers a way to pay bills online. Are you a company that bills consumers? Make it easy for people to pay you by adding a “pay your bill” button to your website.Paying through a Bank..