Shifting to Digital Payments: A Vital Step for Businesses

In today's rapidly evolving business landscape, digital payments have emerged as a game-changer, no longer limited to large enterprises with significant financial resources. With integration and automation technology advancements, businesses of all sizes and across industries have embraced digital transformation to streamline their Sales, A/R, and A/P operations. As a result, the days of paper-based and manual payment processes are drawing to a close. This article explores why businesses should move away from physical checks and transition to digital payments.

The Rise of Alternative Payment Solutions in the Modern World

In today's fast-paced and digitally-driven world, traditional payment methods are becoming less relevant, and alternative payment solutions are on the rise. Fabrick and its subsidiary Axerve have recently released a whitepaper titled “Alternative payment solutions: how they are changing the payment scene” that delves into how these innovative solutions are transforming the way we make payments.

Visa Implements New Credit Card Transaction Surcharge Rules: Maximum 3% Cap for Merchants

Visa has recently implemented new surcharging rules for credit card transactions, with the maximum surcharge rate allowed at 3% (2% in Colorado). These new rules have gone into effect on April 15th, 2023, and apply to all merchants who accept Visa cards.