An average card payment data breach results in nearly $2 million in penalties in addition to 88% of customers ‘losing trust’ or ‘terminating business.’
With the rise in credit card payments, credit and A/R leaders have either already deployed or are looking for enterprise card payment acceptance solutions. While more than 40% credit and A/R leaders express concerns about security, solution vendors are quick to brush aside concerns, citing their compliance with PCI-DSS.
However, PCI-DSS does little to ‘prevent’ the breach. Most vendor solutions duplicate the storage of sensitive payment information outside secure banking infrastructure – significantly increasing the probability of a data breach.
Join us as we take you on a journey of your customers’ payment information, from swipe-to-settle. We will arm you with the right questions to safeguard your enterprise card payment process as we discuss the technology that eliminates the storage of sensitive information other than at the bank.
HighRadius eipp software provides tools that automate and speed up invoice communication and facilitate a faster collection of payments, enabling a closer and more convenient relationship with customers. It automates the invoice transmission and payment collection process providing a configurable solution that supports multiple invoice formats and different modes of transmission (fax, email, portal, etc.) depending on the targeted customer, its integration with ERP systems and a rich search capability enables efficient storage and retrieval of past invoices, backup attachments to minimize disputes and short pays. Apart from that it also has some key features that you would not want to miss out: level-III interchange and surcharge; self-service customer portal; invoicing across email, customer portals, post, and fax; advanced deduction management; and lightning e-payments. The result is faster invoicing and payment collection, better customer service, and improved profitability and cash flow.
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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 800+ Global Businesses
HighRadius Corporation
2107 CityWest Blvd,
Suite 1100,
Houston, TX 77042
