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)

Contrary to popular belief, addressing late payments does not have to be a negative process for business owners and accounting teams. With the proper preparation, planning, and professionalism, it's a streamlined way to let customers know your... (Read More)

Small business owners may be reluctant to give up older payment techniques that aren't streamlined or paperless because that's what they're familiar with. Although it's easier to stick to what you know and put off upgrading your payment technology... (Read More)

Despite popular belief, faster payments don't always mean more fraud when the payments are closely monitored. The rise of instant payments where funds can be available within ten seconds of a payment order being made, has caused wide speculation on... (Read More)