It's no secret that health care in the U.S. is expensive. In 2019, total health care spending was $3.8 trillion, up 4.6% from the year before. While some of that money was spent on the cost of services, much of it was spent on administrative costs, such as payment costs and…
It wasn't long ago that the primary way people in the U.S. paid with their debit or credit cards was by swiping the card through a magnetic card reader at the point of sale. Once changing regulations put companies at a higher risk for fraud liability, cards with microchips embedded…
Remote work is becoming more and more popular, with some estimating that 70% of the workforce will be working remotely for at least five days a month by 2025. While remote work itself has paved the way for big changes in the workforce, it's introduced some challenges for accounting needs and spending…
When it comes to getting paid, the sooner people get their money, the better. Businesses distribute payments to customers for a variety of reasons. In some cases, a company might issue a rebate to a customer for a product they purchased. An insurance provider might reimburse a claimant for repairs…
Your company wants to reduce its costs and improve its cash flow. One way to do that is to embrace affordable, convenient payment technology. Your accounts payable department most likely has multiple invoices to pay various vendors each month. Switching to digital B2B card payments and away from paper-based or…
Physical and virtual cards can serve the same purpose of facilitating work-related payments, but these solutions have vast foundational and functional differences. Physical credit or debit cards are plastic cards issued to employees to use for company spending. This traditional purchasing card features the cardholder's name, card number, and a…
Prepaid cards are a popular method for handling money, but they're also subject to misuse. With growing regulations for these cards, Know Your Customer (KYC) and technological developments are critical to card issuers' safety and reputation. Regulations for Prepaid Cards As the world moves away from cash payments for the…
Companies have several options for paying their employees, from writing checks to depositing salaries directly into bank accounts. Another option is to issue payroll debit cards to each employee and pay them through the cards. Sometimes called pay cards, reloadable payroll cards can simplify the process of getting paid for…
"Cash or card?" It's a common question when people are completing a purchase in-person. Depending on the size of the purchase, card is usually the answer. Today's consumer has more options than ever before when paying by card. They can use a credit card, a debit card, a prepaid card, or…
Pay-per-click advertising (PPC) has revolutionized marketing, making it affordable for companies of all sizes. When brands use PPC, their ads appear on search engines such as Google or Bing or as sponsored posts on Facebook and other social media sites, depending on where the brand is advertising. Instead of paying…