Category Archives: Payments Industry

Read about what is happening in the payments industry. Regulations, industry changes, news and innovations. We stay on top of the latest trends.

Hate Your Payroll Software? 5 Signs It’s Time to Switch Providers

Payroll software 1Payroll is an administrative tasks that has to be done correctly and in a timely manner.  Many businesses use payroll software, outsource some of it, or outsource all of it to the third party. You need to choose the right solution for your business to process payroll secure, efficient and reliable so that your can concentrate on your main business activity. Payroll software allows you to avoid mistakes, secure personal data,  provides federal and state reports. If you are not happy with your current solution you need to invest into a new system with features that are important for your organization. This will allow you to pay your employees accurately and on time  without headaches.

 

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Guide To Order Custom Blank Laser Checks

custom blank laser checksIf you company needs to order custom blank laser checks that feature company logo, color scheme and have multiple security features, you need to know options that make paper secure and fraud resistant.

 

You may also work for a business that sells checks to other companies, offering security features, color combinations, sizes and formats. This custom blank laser checks guide will help you to identify the best solution for your business or to provide valuable service to your customers, both US and international.

 

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Special Canadian Format For Laser Cheques

checqueMany countries use laser checks to process payments. However the check format can be different and elements on the cheque may vary. If you are doing business with Canada and making  payments using Canadian cheques, you need to use Canadian format to be compliant with the CPA (Canadian Payment Association) standards. Canadian Payments Association (Association Canadienne des Paiements) regulates money orders, bank drafts, business checks, settlement vouchers, savings bonds and other forms of payment. See samples and formats.

 

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New U-Seal Forms Create Self-Sealing Mailers

U-seal formsSelf-Sealing forms that can be sealed without expensive pressure-seal machines??? Sounds too good to be true? U-Seal forms features a new technology in self-seal mailing applications. With only 10lb of pressure applied to the forms you can create a bond and seal your mailer. Hand seal your Z, C and V fold sequences with no extra hardware. U-Seal forms are perfect for advertising campaigns, school notifications, magazine subscriptions, invoices, statements and other mailer. Its a great simple way to send professional looking self-mailers to clients or prospects.

 

 

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Traditional Payments Are Challenged By Selfie Pay

Selfie pay paymentsMastercard is ahead of the game in the payments industry. It is introducing new technology to make payments with facial recognition verification called “Selfie Pay”. Consumer will  have to download the app on the smartphone. The app will take and store their digital image. The face will be digitized and converted into a series of zeroes and ones. When payment verification is needed, the digital code of the image you snap with the phone will be compared with the digital code of the image stored on MasterCard’s servers.

 

 

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Updates In Check Panama Processing

Check panamaThe Superintendency of Banks Organization strives to improve the safety and efficiency of check Panama payments. The changes will effect the banks in Panama and reduce the time to clear a check from three days to just one.

The regulations  involve printers that produce the checks, check paper, check format, design, security features.  With a new method of check processing, the  physical checks will disappear as soon as they are accepted by banks. They will be converted into a digital image for further processing. It is expected that the system will be fully standardized in 2016.”

 

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