The saying goes if it’s ain’t broke, don’t fix it. But as we all know, that’s an outdated way of thinking, especially regarding payment processing. One of the things I see most when I meet with a business to enhance their payment processing... (Read More)

As we all know, AI use has exploded this year. As this tool becomes more popular, AI technology will eventually impact every industry. As an independent treasury strategist, I’ve been closely examining how AI will change things, especially for... (Read More)

Starting a new business is challenging, and accessing the funding to get your business up and running can be tricky. New companies often struggle with cash flow issues in the first few years and need flexible payment options to help them stay... (Read More)

Ad hoc payments are necessary for most mid-sized businesses (SMBs). These non-recurring payments are usually a significant source of revenue. Research from PYMNTS Intelligence found that ad hoc payments comprise 65% of SMBs' accounts receivable... (Read More)

At the start of this new year, it’s time to look ahead and see what technologies and trends are shaping the payment processing industry. This year, it seems like the biggest trend is convenience. Customers and businesses want payment processing to... (Read More)

Millions of people set goals each new year to eat healthier and exercise more. But as we all know, some of these resolutions will fall by the wayside by February or March. Like people setting resolution goals each new year, businesses often lay out... (Read More)

The strength of a business relationship can begin and end in the account receivables department. The relationship stays strong and intact if invoices are sent on time and payments are processed quickly. However, if there are invoice errors or... (Read More)

Cloud technology is becoming increasingly popular among business owners with about 44% of traditional small businesses using cloud infrastructure and hosting services, according to a study from TechRepublic. It's also predicted the public will host... (Read More)

As we continue to experience the rapid digital transformation happening globally, the payment processing universe for the heating fuel industry is not left out. At Richmond Financial Services, we are well-positioned to guide you through these trends... (Read More)