It’s crazy how much technology is changing day by day and with that change comes the payment evolution. At first, it was paying by cash, then along came the check, then phone, then text to pay, you name it! So what are the latest trends when it comes to payments? Find out below. The Evolution […]
Blog Posts About Compass Pay
Me, Myself & PCI: Know Your Role When It Comes To Data Security
The payments industry is set to see dramatic changes in 2018. The emergence of new technologies & consumer payment trends will push many businesses to reflect on their own PCI-DSS liability, including what’s at stake for them if a security event or breach should occur. For these companies, knowing how to reduce or limit your […]
How To Accelerate Accounts Receivable In A Utility Company
The other day, I forgot to take care of the electric bill on the due date. I came home from work and saw the statement on the kitchen table so I would be sure not to forget it. Fortunately, the company that handles my electricity must have been feeling a rare moment of generosity. Good […]
What You Need To Know About PCI Compliance In Your Small Business
Is your business PCI compliant or complacent? While it’s true that data breaches happen regularly to larger businesses, the impact on SMBs can be worse than you’d think. Worse yet, a business could be suffering a data breach and not even know it. Small Businesses and Security Basically, if your business accepts credit cards it should […]
12 Step PCI Compliance Checklist To Protect Customer Payment Data
When it comes to payment solutions, your company has many options to accept payment. However, some options are much riskier than others. When it comes to taking payments, your company should offer a solution that adheres to PCI DSS requirements. According to Verizon’s 2015 PCI Compliance Report, 80% of all businesses could not pass a […]
IVR For Medical Billing And Why You Need To Use It
Healthcare, in the United States, is expected to be a $5 trillion industry within the next five years. This could be due, in part, to emerging medical technology and the ability for patients to have insurance to afford them. However, a big roadblock is the way in which payments are accepted today. Many customers still pay […]
Popular Payment Solution For Insurance Companies
No matter if it’s home and property, life, automobile, or health insurance. When it comes to mobile payments, your agency should provide your policyholders with the best customer experience possible. Payments In Insurance So, you’re an insurance company, and you want to start accepting over the phone payments. No problem! There are a few things […]
How To Improve The Way You Collect Rent Payments
Property management is proving to be a profitable investment with over 42 million households now renting. However, one of the major hurdles that come with managing a property is getting paid on time. By accepting rent payments over the phone, your property will differentiate itself from the competition, improve cash flow and enhance resident reviews. The Problems with Collecting […]
Want to Boost Business? Tell The Paper Check to Bounce!
The way in which customers pay for goods and services has changed a lot in the last ten years. Paper checks have all but disappeared from point-of-sale situations. However, businesses still rely on them so that customers can pay the bills. Your company should adapt to the times. When it comes to accepting payments, electronic check […]
Retailers: Is Your Payment Solution Putting Customers At Risk?
Mobile payments are on the rise, and Black Friday 2016 was proof of this. A new study from Adobe showed that U.S. shoppers used a mobile device to spend $1.2 billion during the biggest shopping day of the year. This means that 2016 is the first time that mobile online shopping revenues have exceeded $1 […]
Do Customers Want to Make Mobile Payments?
Need a quick and easy way to allow customers to make payments? Mobile payment options may be a viable solution for your business. Payments made by check are a traditional method of payment but don’t offer much in the way of security. Here’s What You Need To Know About Mobile Payments Mobile payment solutions allow […]
Payment Method Risks And How To Solve Them
While a traditional form of payment, checks were never really all that reliable. Payments can be delayed, funds may be insufficient, and even worse can happen. Online payments aren’t much better. To bring customers the convenience of paying anywhere, they need to sacrifice their security. Considering implementing an IVR payment solution to accept payments. Otherwise, […]