The payment industry is constantly changing, evolving, and upgrading. In the past few years, the financial industry has seen the rise of FinTech, eCommerce, cashless payments, and much more.  Business owners accepting credit cards rely on experts in the field to provide the best in payment processing services, such as all-in-one payment providers, as well as omni-channel and integrated payment solutions. In this blog, we will detail exactly what are third party payment processors (also known as merchant brokers) and how to ensure that you select the right payments provider for your business needs to reduce your risk. 

B2B payments are going cashless because of COVID-19 and businesses are implementing new technologies to adapt to remote work.  Processing credit card transactions safely online is more important than ever due to this shift. Many businesses are upgrading from paper invoicing to online payment portals to improve cash flow and customer satisfaction.  

The APS Payments Sage 300 integration is designed to help clients save time and money with integrated payments, and with the added APS ClickToPay functionality, merchants can now get Sage 300 invoices paid faster with an online payment portal. 

FinTech B2B Payments are impacting how businesses and consumers pay, store, move, save, borrow, invest, and protect money.

If you have made a payment using your phone, transferred money using an app, or checked an invoice or bank statement online then you already have experience in the FinTech industry. 

FinTech is fast-becoming the new normal. Payments industry trends such as moving to cashless and electronic payments along with the rise of eCommerce and mobile transactions are all being propelled quickly forward by the “FinTech revolution”. In this past year, many companies have faced COVID-19 cash flow challenges and need to transform their payment systems in the “new normal” of remote work. FinTech, however, is quickly becoming the “new normal” of business, impacting how merchants and consumers pay, store, move, save, borrow, invest, and protect money.

How is COVID-19 impacting B2B payment trends? 

The payments industry is trending towards cashless and electronic payments along with the rise of eCommerce, mobile transactions, and more. In this past year, many companies have faced new challenges because of COVID-19 and need to transform their payment systems in the “new normal” of remote work. 

Although the trend towards digital payments has been steadily increasing, the coronavirus pandemic of 2020 is accelerating the shift to a cashless society. Merchants of all kinds are asking not only how to adapt to the current needs of the market, but also what this means for their financial future. How will the events of this year affect 2021 and beyond?

In this blog, we will detail the implications for merchants in a cashless economy, the benefits for B2B businesses, and how omni-channel and digital payment solutions help maintain cash flow, increase efficiency, and save money.            

APS Payments is excited to announce a new integration with Sage 500, enabling many more manufacturers and distributors to benefit from the full suite of benefits with the seamlessly integrated, omni-channel, and all-in-one payment solutions from APS Payments.

Your Sage 500 ERP solution is the backbone to your business. Today, more and more of your customers want you to accept payment via all sorts of credit cards. In this case, look no further than APS Payments to provide you with a simple and effective Sage 500 credit card processing integration that allows you to reduce risk, decrease fees and increase your company’s revenue.

The payment industry is a complicated industry that is constantly changing, upgrading, and evolving. In the past few years, the financial industry has seen the rise of eCommerce, mobile transactions, and much more. In this past year, many companies have faced major challenges and changes due to COVID-19 and need updates to their payment systems in the “new normal” of remote work. 

As you and many other businesses look to simplify their processing, all-in-one payment solutions are becoming more readily available. They provide flexible and comprehensive coverage for any merchant. Every day, merchants are switching to all-in-one payment providers to streamline workflows, save money, and have a partner in the industry they trust. In this blog, we will detail exactly what an “All-in-One” payments provider is, and why having one will set your business up for years of success. 

With all the in-person conferences being canceled due to COVID-19 it can be hard to make meaningful connections right now and to learn and connect in the eCommerce community. Miva has transitioned its annual MivaCon eCommerce conference (postponed to 2021) to the MivaCon Digital Day 2020 on Tuesday, August 18, 2020.

Join us online for MivaCon Digital Day 2020!

Date: Tuesday, August 18, 2020

Time: 9:00 AM - 4:00 PM PST

It’s Not Just You – Businesses Across the Globe Are Reporting Recent Payment Challenges

Buyers and suppliers in 2020 face a new, unprecedented environment. Due to widespread shutdowns and work from home (WFH) operations, the use of electronic purchasing and payment methods is skyrocketing. Many companies are struggling to adjust to the new normal.

Complimentary Webinar
Date: Thursday, July 16, 2020
Time:  11 AM PT / 2 PM ET

Join us to learn how a plug-n-play phone system makes it easy to automate sales and customer service processes.  In addition, manufacturing, distribution and retail companies will learn how to automate shipping and payment processes to invoice and get paid faster.

Per the official Magento End of Life announcement, all versions of Magento 1 will no longer be supported after June 30, 2020.  Given this news, Magento 1 eCommerce sites and webstores will no longer be fully PCI Compliant with VISA guidelines starting July 1st. 

Visa recently released the “Acquirer Advisory” from Visa - and then shortly thereafter, a follow up statement by PayPal, put many merchants into a state of uncertainty and anxiety for their businesses. After all, when a megalith such as PayPal demands “urgent actions” from any remaining Magento 1 merchants before its planned “End of Life” (EOL) this month, merchants on all versions of Magento take note.

Fortunately for these merchants, payments expert, Jeff Kohl, SVP, Sales at APS Payments and eCommerce expert ,TJ Gamble, CEO at Jamersan, spoke at length on the eCommerceAholic livestream about what this means for Magento 1 (M1) merchants and for the Magento community as a whole.  We have provided video clip highlights from the livestream below.