Those keeping a close eye on the payments industry over the past several months have seen tons of new innovation transform the space. But just because the technology doesn’t mean merchants and retailers are adopting.
In fact, the team at TSYS still sees a huge opportunity in one of the most basic payment technology upgrades: moving small businesses from a paper check-powered payment system to an electronic one. Senior Director of Commercial Services Scot Sasser says there’s still a huge opportunity to help those firms reduce manual labor processes, increase efficiency, and improve data flow between buyers and sellers.
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We asked Sasser to walk us through the process of moving a commercial client over from antiquated payment methods to new electronic systems, highlight the key features that will win clients over, and address some of the hesitancies those companies might have in making a transition.
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