Bill pay has come a long way since the days of writing checks. Yet many billers still struggle with how to modernize and ‘future-proof’ payment experiences with more flexible options.
When trying to understand the true cost of acceptance, transaction fees don't tell the full story. Here are four inefficiencies driving up the cost of taking payments.
Automotive Partners Funding partnered with PayNearMe to offer a wide range of payment options for their customers and a flexible payments platform for their employees.
For companies that rely on payments as a lifeline, AI and ML has the potential to dramatically improve business outcomes and bottom-line profitability.
High autopay adoption is the gold standard for ensuring high acceptance and lower delinquency rates. Yet many billers still struggle with adoption. For example, only 16% of nonprime auto borrowers are currently enrolled in autopay.