Aliaswire Blog

Why Your Customers Want You to Let Them Pay Their Bills Online

Posted by Aliaswire on Dec 16, 2016 12:37:38 PM

Billers who haven’t adopted electronic methods of bill payment have an opportunity to save on costs. Electronic payments offer convenience to both Biller and payer, but they also introduce the ability to schedule recurring bills and receive recurring payments. But Billers who have already implemented a basic system for electronic bill presentment and payments may stand to benefit from an upgrade, especially if their systems don’t currently have the capacity to receive recurring payments. Recurring payments can improve cash flow and enhance customer service.

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Bill Payers Are Moving Toward Recurring Payments

Posted by Aliaswire on Dec 16, 2016 12:37:09 PM

 

Here’s Why Billers Should Take Note

As a business entity that invoices your customers, or a Biller, you already know that you enjoy some great rewards through electronic billing, and even more by offering your customers the option of recurring payments. Electronic billing eliminates the hassles of paper, increases payment timeliness, streamlines documentation, and enhances security. Receiving recurring payments reduces Billers’ DSO by removing the risk of late payments.

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End Tenant Payment Distribution Errors with an Electronic Payments Solution

Posted by Aliaswire on Dec 16, 2016 12:33:11 PM

 

When a property management company’s portfolio includes buildings that number in the thousands, it can be a challenge for them to settle all of their accounts and process payments accurately month after month. One of the greatest hardships is dealing with large quantities of tenant payments and settling them into hundreds, if not thousands, of bank accounts while minimizing the impact of payment errors.

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Offering More Payment Options: Direct Benefits for the Biller

Posted by Aliaswire on Dec 16, 2016 12:32:46 PM

Most businesses who invoice customers, also known as Billers, offer their payers a list of accepted credit cards, but other payment options, like online, mobile, IVR transactions, and written checks, are still prominent. Billers that process a large number of bill payments and rely on those payments as a major part of their cash flow are constantly faced with the challenge of reducing the average number of days it takes to collect: their day sales outstanding, or DSO. One way to address this challenge is to make it easier for customers to pay their bills by offering them more payment options.

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Should You Consider Collecting All of Your HOA Payments Online?

Posted by Aliaswire on Dec 16, 2016 12:32:02 PM

 Collecting correct payments from residents in a timely manner is one of the biggest challenges homeowners’ associations face on a regular basis. Dues are a necessity for HOAs to function. When payments are late or checks bounce, determining what fees to charge and when to charge them can get confusing and problematic, especially when there isn’t a concrete method for reporting payments and important communications. With an online solution in place for collecting payments from residents, HOAs receive fewer check payments and deal with exceptions without incurring additional operating costs.

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Reduce Your Tenants’ Delinquent Payments through Electronic Payment Management

Posted by Aliaswire on Dec 16, 2016 12:30:36 PM

 Paying the rent is a large obligation for many Americans. For some, it is the largest expense they face on a monthly basis. The percentage of U.S. households who paid rent to a property manager increased from 36.1 percent in 2006 to 41.1 percent in 2014, and renters in 2014 paid an average of 20.89% of their incomes in home rental costs. Because of the weight of the cost of living, not every tenant is able to pay their bills and their rent on time. Dealing with late and delinquent payments is an unfortunate but common part of managing an extensive number of properties.

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How to Increase Your HOA’s Revenue by Offering More Payment Options

Posted by Aliaswire on Dec 16, 2016 12:29:41 PM

 There are several ways for HOAs to boost their revenue, like charging initiation fees or increasing property values through beautification and the installation of recreational facilities. But an HOA board’s most important responsibility concerning its revenue is the collection of payments and the reconciliation of accounts that are past due. The delinquency of fees is one of the biggest problems that HOAs face across the country, and the delinquency rates of HOA dues can range from five to twenty-five percent, or possibly more.

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What the Rise of the Mobile Only Customer Means for Biller Direct

Posted by Aliaswire on Dec 16, 2016 12:25:50 PM

Understanding How Millennials and Generation X Are Changing Bill Payment

Billers and their customers continue to switch from traditional paper methods for making and receiving payments, like cash and check, to digital methods, like online credit and ACH transactions. As this trend continues, businesses who invoice their customers, otherwise known as billers, in various industries are looking at mobile transactions and what they mean for the future of payment processing. Adoption of mobile payments is happening slowly but steadily. According to a forecast by eMarketer, the value of mobile transactions will increase by 128.3% in 2017. Additionally, the Federal Reserve reported that among smartphone owners who made mobile transactions in 2016, paying bills was the most common payment activity they performed, at 65%.

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About Aliaswire

Aliaswire is leading the payment processing industry in the development and operation of highly convenient, reliable, and secure systems for transacting payments. Aliaswire's highly scalable payment processing platform processes payment transactions originated by consumers or businesses.

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