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All of us here at OnPay Solutions would like to wish our Blog readers who are football fans the best of luck for your favorite Super Bowl LI (51) team.

Who's it going to be?  New England or Atlanta?  Let us know your pick!

To win this game you know that the team's have to be able to score.  

When it comes to making Accounts Payable payments, broker payments or any kind of scheduled payments, we'd like to help you be a winner and become a Accounts Payable Perfect Payer, which can be looked at much like a Perfect (football) Player.  Just like the Perfect Player, you have to know how to play effectively and how to win.

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 When it comes to making Accounts Payable payments, broker payments or any kind of scheduled payments, you can be a Perfect Payer. Yes, perfect payments and perfect payers can and do exist!  Here's our Infographic depicting how...

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Why Continued Paper Check Use is Hurting Your Business

Written by Ange Desprez | Fri, Jul 01, 2016 @ 05:04 PM |

Over the last five years, there has been a decline in the use of paper checks for business to business payments. Many forward-thinking businesses have grasped the financial and eco-friendly benefits of reducing paper check processing. Businesses that have converted to electronic payments have found that their efficiency has increased with the reduced use of paper. 

"With the number of businesses equipped to handle faster, more secure, and less fraud-prone payment methods, the continued use of checks in business to business payments is both astounding and disappointing," Wex Inc., a payment solutions company adds. "Electronic payments are 10 times cheaper than checks. Writing checks to suppliers is not only time consuming and inaccurate, it’s wasteful in terms of cost, as the average cost of writing a business check ranges from $4 to $20."

This is no surprise. The transition from paper-based to digital payment processes allows for a faster, more secure, and easier to use payment platform. It simply takes less time to find and process information.

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Getting ready to take advantage of Same Day ACH payments? Here’s what you need to know:

The future of Same Day Automated Clearing House (ACH)  payments is almost here. Starting September 23, 2016, NACHA will be providing an omnipresent same-day clearing and settlement capacity for practically all ACH transactions to reduce bank fees. This will be a phased implementation that financial institutions will take to renovate the payment. “This instantaneous action enables us to introduce new capabilities more quickly, and then continue to build over time, creating value for all participants at each step along the way,” said Janet O. Estep, president and Chief Executive Officer of NACHA.

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