Payments Hub

Electronic money is a digital store of a medium of exchange on a computerized device. E-money can be used for payment transactions, with or without bank accounts. The great advantage of course is a cashless payment system that makes money transfers of any size quick and easy.

A virtual card payment is a digital card transaction made between AP departments. As a payer, you predetermine the amount. Since the payment is virtual, it’s highly secure and protects the business issuing it. The payment method is designed as a smart alternative to ACH and check payments.

Positive pay is a form of treasury management that works to identify altered checks and prevent check fraud. It stops criminals from cashing fraudulent checks using stolen bank account numbers. It will also catch any bad check information where the amount or date has been altered.

Payment management software uses artificial intelligence (AI) and robotic process automation (RPA) to streamline and automate the process. RPA, its tie to AI, and the benefits of digitalization in the procurement to pay (P2P) cycle applying to accounts payable, which Tipalti covers from end to end.

If you’re looking for a method to make electronic funds quicker and smoother, the Automated Clearing House provides one viable option. This is especially the case if you’re on a budget and need to keep costs as low as possible.

For international transfers and business transactions, there are transfer fees and as well as merchant fees for goods and services. While there isn’t a way to avoid Paypal International Fees altogether, there are ways to mitigate cost.