Data Safety Controls
Technology has changed how, and how fast, consumers interact with the world around them. The expectation for immediate satisfaction extends from the delivery of information and service to the way purchases are made.
Technology has changed how, and how fast, consumers interact with the world around them. The expectation for immediate satisfaction extends from the delivery of information and service to the way purchases are made.
This is especially true for payments, which continue to evolve from checks to electronic formats. Switching to electronic payments is an easy win in the effort to streamline back-office processes and expense.
Electronic payments can reduce processing costs up to 60 percent and can be processed almost twice as fast as paper checks, according to industry estimates. By leveraging online bill pay, you can make sure payments aren't delayed by meeting or travel schedules or by critical days in the mail.
Even better, electronic transactions are widely considered to have a lower risk profile. Banks are able to quickly run authentication procedures to approve or deny almost instantly, without sacrificing attention to risk management.
