Atoa’s Post

Did you know? Bacs is an electronic system used to make direct payments between accounts. Bacs payments typically fall into two types: ◾ Bacs Direct Debit - allows organisations, with consent, to take money from a payer’s account for regular payments such as utility bills or phone bills. ◾ Bacs Direct Credit - allows a payer to transfer money directly to another account such as for organisational payroll operations. Read more on our website here: https://lnkd.in/ey26JMnq #DidYouKnow #Bacs #Payments #PayUK

Idk if I'm doing this right? But it feels right, so... 😂 #CloseTheDeal #CustomerSatisfaction #LetsDoThis #Business #SmallBusiness #PaymentProcessing #Payments #FunnyBusiness #BusinessJokes #WorkMemes

Don't forget to check out the worst paying companies (in terms of speed to pay) on the Good Business Pays CIC Spring Watchlist of the Late & Slow Payers. All free to view and always will be ... https://lnkd.in/ePbDCTKn #paydontdelay #cashflow #smallbusiness #payments #latepayments

The privilege of being on Centrepay is being exploited by unscrupulous companies and here are our ideas to fix it. Our latest submission is to Services Australia, and is prepared by the Consumer Action Law Centre based on our casework experience. The primary issues we identify in our client files for Centrepay customers are: • Too many businesses are deducting money leaving the Centrelink recipient with very little to pay for essential living expenses like food and transport. • Lack of customer awareness over the deductions being take out. The reasons are multifaceted but include: o the lack of requirements on businesses to provide information about deductions through the Centrepay system, o the system design for managing Centrepay deductions, o the inherent ‘set and forget’ nature of Centrepay, and o Inadequate assistance to manage deductions for digitally excluded Centrepay customers. • Centrepay businesses denying Centrelink customers their consumer rights to financial hardship assistance, a repair or a refund. Exploitative Centrepay business practices, such as overcharging by businesses for deductions that should have ceased, or at inflated prices for retail goods purchased via consumer leases. Stephanie Tonkin Tania Clarke Amanda Rishworth Gerard Brody

Having a great day at the SME-XPO today in London! Met some familiar faces and had some insightful discussions around finance and accounts payable! There is clearly a huge gap in the market for CardPay by Lenkie and it's been amazing to hear the instant interest when speaking to SME owners today 🚀 #smefinance #payments #commercialfinance

Discover how OptiPay can help you take control of your finances and propel your business forward. 💪 #cashflow #invoicefinancing #businessgrowth #OptiPay https://bit.ly/4cpg7zF

Over 1,500 large companies have made big improvements to their payment performance since the Good Business Pays campaign started almost four years ago. But there are still hundreds of companies that pay the majority of invoices late or take a long time to pay (e.g. 80 days plus is long!) . Withholding payment harms trust, confidence and growth. Our Spring 2024 Late & Slow Watchlist is where you can find the full list of the slowest and latest payers that report. Take a look and see if you recognise these brands. https://lnkd.in/ePbDCTKn #paydontdelay #cashflow #waitwatchers #smes #smallbusiness #latepayment #payments

The platform we have built at Flex has been game changing for businesses like Betr, Obvi (Ravi Melwani), ARMRA, and Sharma Brands. Flex is much more than just a “credit card company for eCommerce businesses with a cool analytics dashboard.” The platform we have built not only services eCommerce businesses better than any other on the market, but also helps some of the largest travel agencies, law firms, and general contractors streamline their internal financial processes. When you can manage your business from one platform, this allows you as an operator to focus on profitability in a time where it has never mattered more. No matter the shape or size of your business, Flex is the best all in one platform for you. #Banking #Credit #finance #Billpay #internationalwires

The IPA's 2024 Innovative Payments Conference would not be complete with a featured discussion on the power of Earned Wage Access to help people featuring DailyPay and Wagestream. The facts are in, simply allowing people the freedom to access the wages they have earned through their own hard work is now clearly helping people when emergencies arise, as well as assisting people when income volatility strikes. I am looking forward to listening to this discussion at the IPC and learning more about how innovation can change our financial futures. To learn more about the IPA and our upcoming IPC in May, simply visit www.ipa.org. #IPA #IPC #DailyPay #Wagestream #innovation #fintech #payments #banking

If you knew then what you know now who would not be a customer of yours now. Hindsight is a wonderful thing but having KYC steps as part of your onboarding process can save time , energy and the odd sleepless night. #latepayment #knowyourcustomer #businessowners