We are in a pivotal moment in history, with nearly every market in the world impacted by the current crisis in some way. We recognize that as essential services, heating fuel services have been affected in many ways. While the industry as a whole may have weathered the storm far better than most, changes in customer behaviors as well as impacts to industry partners have undoubtedly been felt. Now, perhaps more than ever, it’s important for energy providers to analyze their payment processing strategies, capabilities and customer payment habits to stay ahead of the curve and maintain a healthy bottom line.
To be clear, the payment processing universe has shifted dramatically in the past decade and continues to evolve. Now, in the midst of a global pandemic, we are seeing new technologies and advances in nearly every sector. The energy industry will be no different. Businesses who want to thrive are faced with a choice – stay with the status quo or innovate.
At Richmond Financial Services, we have a proven history of unmatched payment innovation, which perfectly positions us to deliver our energy clients with next-generation solutions that will immediately deliver significant savings. Here’s what you can expect when you partner with Richmond Financial Services:
Industry Advocates
Ever stop to think about why MasterCard offers fuel companies lower processing fees than other industries? With an instinct to innovate and a vision to reduce costs for home heating retailers, Richmond Financial Services and AVATAS founder, Larry Richmond, successfully lobbied MasterCard to reclassify home heating retailers into a low-risk utility processing category. That pivotal entrepreneurial advancement saved the industry billions of dollars. Larry has brought to Richmond Financial Services that same vision, experience, tenacity and commitment to advocate for the heating fuels industry.
Independent Partnerships
Virtually all credit card processors work for a specific processor, limiting you to off the shelf services made available to them from corporate. As an independent treasury strategist, Larry Richmond and Richmond Financial Services are your payment processing watchdogs as we leverage our vast electronic payments experience to deliver optimum efficiencies and maximized savings. Our unique independent model empowers our clients, enabling them true flexibility while ensuring that best-in-class solutions continuously evolve. That’s right, we strongly believe that a foundation built on free-agency is best for our clients as it properly demands our partners to evolve their offerings and deliver impactful value.
Data-driven Expertise & Portability
The best decisions are made when they are backed by data. With our years of industry experience, we utilize our electronic recurring payment expertise and cutting-edge strategies to put your data to work for you. In addition, all our clients maintain data portability, giving you control and access if ever needed.
Next-generation solutions
The key to success in any business is continued innovation. With the fast-paced evolution of technology in the 21st century, looking beyond today is critical. Our team has a proven history of delivering our clients disruptive next-generation solutions that significantly impact their organizations. We have consulted with many leading back-office software and gateway companies to ensure seamless integrations that deliver optimum efficiencies for you!
As you adapt to the “new normal,” take time to prioritize your payment processing strategy to ensure your organization is well positioned to control cash flow and lower expenses while sprinting to stay ahead of the ever-changing digital economy. We would love to help! https://www.richmondfs.com/
