Leading Small Businesses in the Shift to Digital Payments
For financial institutions and small businesses, the end result of digitally processing payments means a reduction in paper, costs and time without a change to your process. We asked the industry leader, Aite Group, to take a deeper look.
They came back with a study that shows even more benefits. What they found and what we’ll show you is that with digital check processing, you can also:
• Generate top line revenue: The digital solution fits an unmet need in the market. Set the pricing structure that fits your FI strategy (wholesale model).
• Expand your customer base and increase retention: You can utilize a digital payments platform to bring in new opportunities and retain existing customers.
• Provide value to your customer base: Customers are looking for ways to reduce reliance on paper. Liquidity is increasingly more important and the speed of digital payments is necessary.
•Offer a digital payment solution to business customers: The platform provides the ability to make digital payments along with remittance information. It integrates into QuickBooks® and other AP accounting software with no changes needed to existing processes.