Payments Industry News

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Transcard Builds Foundation for UK and EMEA Expansion with New London Office

January 18, 2023

Transcard

PRESS RELEASE: LONDON January 18, 2023 Transcard, a global leader in payments technology, today announced that it opened a London office in Mayfair as the foundation for its expansion in the UK and Europe. Transcard opened the new office after achieving tremendous growth over the past several years, with a current headcount of more than 100 employees in the United States and more than 170 employees worldwide. The company has seen rapidly increasing demand for its suite of embedded payment and finance solutions, particularly from the insurance, freight and logistics, and banking sectors. We help banks, businesses, and Fintechs modernize their payment tech stacks with solutions for accounts payable, accounts receivable, account-to-account (A2A) transactions, and supply chain financing. Our cloud-native payment platform seamlessly connects with any accounting software, ERP application or system of record as well as bank APIs and card payment gateways. Read More

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Cost-Savings

Platform Features

Why QuickBooks Online Users Are Quitting Paper Checks

September 22, 2022

Transcard

There was a time when paying your suppliers invariably meant printing and mailing a paper check. Read More

General

Payment Innovation

What QuickBooks Online Users Need to Know About Payment Automation

September 15, 2022

Transcard

Small businesses need every advantage they can get to grow and succeed. Read More

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How-To Guides

Payment Innovation

Did You Automate Payments and End Up with a Reconciliation Headache?

August 23, 2022

Transcard

Keeping accurate financial records is a fundamental responsibility for a finance department. Errors and delays in reconciling transactions can result in: Read More

General

Partnership

Transcard Integrates its Industry First SMART Hub Payment Portal with QuickBooks Online

August 10, 2022

Transcard

PRESS RELEASE: Read More

General

How-To Guides

Payment Innovation

How Electronic Payments Help Sage Users Grow their Business

August 5, 2022

Transcard

After years of defensive financial measures, businesses are ready to grow again. Read More

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Cost-Savings

How-To Guides

How Sage Users Can Save 100 Hours or More Per Month

August 2, 2022

Transcard

How much time does your business spend each month paying its suppliers? If you are a Sage user that relies upon manually intensive payment methods, the time your finance staff spends chasing down approvals, initiating payments, and reconciling transactions add up fast. It’s not uncommon for a Sage user to spend 100 hours each month paying its suppliers. That’s based on benchmark data collected from a mid-sized business that uses Sage Intacct. All the time that Sage users lose to inefficient payment processes could be better spent on growth-generating activities such as analyzing data to uncover cash flow trends, collaborating with treasury on opportunities to capture more early payment discounts, and building relationships with suppliers. Read More

General

How-To Guides

Payment Innovation

How to Overcome the Barriers to B2B Payments Automation

July 27, 2022

Transcard

Businesses have made a lot of progress over the past two years in digitizing the way they operate. But business-to-business (B2B) payments are one corner of the typical corporate enterprise that still needs work. B2B payments remain one of the last major opportunities for digital transformation. That’s according to new Fintech industry research from FT Partners. Shockingly, checks still account for almost 50% of B2B payments, FT Partners finds. Read More

General

Cost-Savings

Platform Features

How to Maximize Your ROI on Electronic Payments to Suppliers

June 23, 2022

Transcard

Paying suppliers electronically has become a top priority for accounts payable (AP) departments. Since the start of the pandemic, the percentage of AP departments that make most of their payments to suppliers via paper check has declined by seven percentage points. Incredibly, 4% of AP departments have completely quit paper checks – they pay all their supplier invoices electronically. These statistics from the Institute of Finance and Management (IOFM), an AP trade association, make it clear that paper checks are finally losing their grip on B2B payments. Read More

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