Will Mobile Payments Overtake Credit and Debit? What Your Business Needs to Know.

A successful business actively sells what they believe is the best product or service currently available. A successful business with longevity is also focused on innovating the next best product to meet their customers’ needs. Visionary companies see what is coming down the road in technology and consumer demand, anticipate the solution, and develop the best, most sustainable product. FTNI keeps a keen eye on the future and a finger on the pulse of the expectations within the business, consumer and financial services sectors.

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Topics: mobile wallet, In person payments, mobile payments, online payments, ETran, credit card payments

What’s Behind the Latest Data on Mobile?

In today’s connected world, there is no escaping technology. It is literally everywhere you turn and plays a role in nearly every aspect of our daily lives. This means our customers are definitely connected and entrenched in digital technology. Given that, the next question that comes to mind is … are our businesses keeping that same pace?

It seems like several businesses we run across are trying to catch up – especially when it comes to mobile. But, the data on mobile usage is overwhelming and is becoming the new “norm” for conducting business. That means we need to start preparing and embracing mobile technologies to stay in lock step with our customers, get ahead of competitors and be operating at the highest level of efficiency for our internal staff.

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Topics: mobile trends, mobile payments, ETran, FTNI Etran, mobility

Streamlining Operations for Distribution Companies: How Smart Payment Technology Can Improve Your Business

Today’s distribution companies are faced with a bevy of external pressures that are impacting growth and threatening profit margins. The 2013 KPMG Industry Outlook Survey showed the top issues industry executives believed were significant barriers to their growth were:

  • Pricing Pressures
  • Volatile Commodity Prices
  • Labor Costs
  • Regulatory and Legislative Pressures

To offset some of these pressures, distribution companies are challenged with finding creative ways to eliminate cost and improve efficiency. One of the areas these companies can impact quickly and easily is through smart payments technology. The latest payments technology helps distribution companies improve their business models and enhance their value proposition to their customers, while easing payments administration, speeding cash flow and providing better insight into their organization.

For example, many distribution companies have multiple deliveries each week – and often even multiple daily deliveries. The sheer pace and volume of these transactions can be challenging for accounts receivables and collection departments to keep up with. By deploying an Electronic Invoice Presentment and Payment (EIPP) solution, invoices are available as soon as deliveries are made and alerts can be customized to notify customers that a new invoice from a recent delivery(s) is available for review and payment. With EIPP, companies can reduce the administration required from staff, eliminate manual errors and save significant costs of paper billing, as well as speed cash flow and payment timelines from customers. All of these combined add up to a significant, positive impact to the company’s bottom line.

Many other smart payment technologies are also available to help optimize your company and your competitiveness. To find out more about EIPP and additional technology and process improvements you can utilize to gain competitive advantage, download our free eBook, 8 Tips to Streamline Operations and Keep Business Moving Forward Faster for Distribution Companies.

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Topics: FTNI, ETran, e-invoicing solutions, electronic invoice presentment and payment, distribution companies, EIPP

The Benefits of Remote Item Review

One of the many benefits of cloud computing or SaaS deployment is the centralized storage of all transaction data that gives users a one-to-many view regardless of their geographic location. This benefit is available today for all current and future ETran customers which means your processing items can be scanned at one location but have “actions” taken on those items by individuals at other geographic locations. This ability to conduct remote item review eliminates borders and extends the number of hours in a work day while ensuring security of the transaction.

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Topics: eTran Benefits, ETran

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