Marcel van Oost’s Post

Discover the advantages of scheduled payments. Learn how Confirmation of Payee and Bacsactive-IP+ contribute to smoothing out payment processes, building trust, and speeding up order-to-cash cycles. Dive deeper! https://okt.to/1PROur

A great opportunity to hear from industry experts on the topic of how to optimize your payment authorisations. Don't miss out, register today ! Have you mastered how to optimize your payment authorizations? Join industry experts Lucinda Turner, Brant Peterson and Dwayne Gefferie for a lively discussion where we will discover why navigating the complex landscape of payment optimization requires collaboration with key players in the industry. Find out how we can help you spark change and revolutionize your payments' performance. Register now: http://spr.ly/6046czF3I #optimizepayments #worldpay #paymentsperformance #valuedrop #paymentauthorisations

Future Dated Payment and its processing: 🕝💲 What is it❓ The term 'FutureDated' indicates that a payment request is initiated now but processed (few days) later. Why is it needed❓ 🔸 Scheduling your payments would allow you to control your cashflow 🔸 To pay bills/recurring payments on time How is it processed❓ 🔹 You initiate your payment request now and your bank receives it now  🔹 Your bank's payment engine will validate the execution date of the request 🔹 If the execution date is greater than the current date (future) then your request is warehoused 🔹 Upon arrival of the execution date, your request is retrieved from the warehouse and executed by the payment engine provided you have enough balance in your account 🔹 Beneficiary will receive funds only after this execution Question to you? 👉 Is it possible for execution date be lesser than the current date? and What would happen if execution date is lesser then current date? If you interested to learn Payments Domain - fundamental concepts, then check-out my course with 50% discount before 16th Nov: https://lnkd.in/gG4xckmK #paymentsdomain #futuredatedpayments

A great opportunity to hear from industry experts on the topic of how to optimize your payment authorisations. Don't miss out, register today ! Have you mastered how to optimize your payment authorizations? Join industry experts Cindy Turner, Brant Peterson and Dwayne Gefferie for a lively discussion where we will discover why navigating the complex landscape of payment optimization requires collaboration with key players in the industry. Find out how we can help you spark change and revolutionize your payments' performance. Register now: http://spr.ly/6046czF3I #optimizepayments #worldpay #paymentsperformance #valuedrop #paymentauthorisations

Payment system in IT 😂😂😂😂

The eCheck payment system is a popular method of electronic payment that provides a convenient and secure way for businesses and individuals to transfer funds. Here's a comprehensive overview of the eCheck payment system: What is eCheck Payment System? An electronic check, or eCheck, is a digital version of a traditional paper check. It provides a secure, efficient, and cost-effective method for transferring funds electronically. eChecks are commonly used for online purchases, bill payments, and business-to-business transactions. How Does the eCheck Payment System Work? ·       Authorization: The payer provides their bank account information, including the routing and account numbers, to the payee. ·        Processing: The payee initiates the eCheck transaction, and the payment information is securely transmitted to the payer's bank. ·        Verification: The payer's bank verifies the account and available funds, and if everything is in order, the funds are earmarked for transfer. ·       Clearing: The payee's bank receives the funds and completes the settlement process, depositing the funds into the payee's account.   Why choose Paycron? ·        No set up fee ·        No contracts ·        Verification tool to check the real time status of the payer ·        No rolling reserve or cap ·        Transparent pricing ·        Dedicated account manager   #eCheck #paymentprocessing #paymentsetup #business

Tired of managing complex Direct Debit lifecycles? SmarterPay's Direct Debit Management Solution has you covered. 📋 From mandate creation to automated submissions and cancellations, our tool gives you full control over your recurring payments. Boost efficiency and reduce administrative headaches. 🧠

Discover how scheduled payments can enhance trust and speed up order-to-cash cycles. Learn about the key roles of Confirmation of Payee and Bacsactive-IP+ in improving payment processes. Read more! https://okt.to/hDgo7S

Believe in flawless transactions? So do we! 🚀 Stay ahead of the game by keeping your payment processing software updated with SFG. 🛠️ Regular updates not only deliver improved features, but also solve any pesky bugs that might be hanging around. 🐜 Don't let outdated software slow you down. Choose Speaks Financial Group, your partner for seamless transactions. 🤝💼 #StayUpdated #SFG #FlawlessTransactions #SpeaksFinancialGrou

Say goodbye to payment hassles! Elevate your business with the payment gateway it truly deserves – secure, reliable, and trusted.🚀✨ Ready to streamline your transactions? Let's embark on this seamless journey together! Click the link in our bio! #PaymentSolutions #businesssuccess #paymentgateway