Are you thinking of adding Straight-Through Processing (STP) to your offerings? There are many advantages to moving to an automated process that handles payment processing from beginning to end.
Top Seven STP Advantages
- Improves cash flow efficiency. By automating the entire payments process, STP increases the speed of processing while reducing the time between transaction initiation and completion.
- Eliminates slower traditional methods. With STP, there’s no need for a virtual gateway, physical card reader, POS system or physical checks. It’s all automated.
- Increases operational efficiency. STP’s quick transaction times mean more transactions can be processed, increasing productivity.
- Improves accuracy. With no need for manual processes, STP payments are handled with greater accuracy and less chance of human errors.
- Lowers costs. By eliminating manual processes, STP reduces overall costs.
- Provides better business analytics. With payments data readily available, users can easily access analytics for an instant snapshot of processing status.
- Enables a more streamlined accounting process. Since payments data is automatically captured, it helps streamline accounting processes.
Moving to STP is a big step into the future of payments processing. Your buyers and suppliers will thank you!
Want to get started with STP digital payments today?
Let PayNation’s STP service help you increase your business and residual revenue while capturing increased revenues. We offer transparent, low, and competitive fees with no hidden or registration costs.
Join PayNation Today!
Whether you currently have a payments processor or are new to B2B payments, connect with PayNation today and give your buyers and suppliers the digital payments support they need for the cutting-edge payments solutions of today.
With competitive rates, a wide range of B2B products and services, excellent customer service, and an easy-to-use platform, PayNation can help increase your profitability and grow your business.
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