
Payment Processing News
Tranzpay offers modern payment solutions to make inbound and outbound payment processing fast, easy, and secure. Scroll down to view articles & insights to help you optimize payment processes.

ACH Payments: A Game-Changer for Small Business Financial Operations
ACH Payments: As a small business owner, managing transactions efficiently and cost-effectively is crucial to your success. Automated Clearing House (ACH) payments are transforming financial operations by providing a secure,

Insurance Industry : How Payment Platforms Impact Customer Experience
Introduction In today’s fast-paced digital landscape, customer experience has become the cornerstone of success for businesses, especially in the insurance industry. Seamless transactions are no longer just a convenience—they are

Preventing ACH Fraud: Why Your Payment Processor Matters
No form of payment is completely risk free. Although ACH payments are relatively secure, ACH fraud is a growing problem. The payment processor you choose makes a big difference to

How Claim Payment Speed Impacts Policyholder Satisfaction Levels
Some things are out of your control when you’re trying to improve policyholder satisfaction. There’s not much you can do if all the repair shops have long wait times or

How Your Payment Strategy Affects Your Business Strategy
Running a successful business comes down to payments. To stay profitable, your inbound payments need to exceed your outbound payments, and issues with payment processing can impact everything from cash

Digital Wallets Are Becoming More Popular: How Can Insurers Embrace the Trend?
More consumers are naming digital wallets as their preferred payment method. For insurers, this represents an opportunity: if you offer digital wallets, you appeal to more customers – especially younger

Does Your Payment Service Provider Help You Comply with State Tenant Laws?
No matter what your rental agreement says, you have to follow state tenant laws. Many states have laws governing things like deposits and refunds. Property managers who run afoul of

How Long Should Outbound Payments Take? Here’s What’s Acceptable Now
Slow outbound payments aren’t good in any industry, but this is doubly true for the insurance industry. Speed has always been important when it comes to insurance processes. New technologies

How to Stop Fraudulent Payments
Is payment fraud cutting into your profits? For many businesses, fraudulent payments are a growing problem that can cut into revenues and undermine success. The good news is that you