by HealPay | Feb 12, 2024 | Blog, Posts
A merchant account is a type of bank account that temporarily holds funds from credit and debit card transactions until they’re transferred to your primary business account. If you want to accept card payments from your customers, you’ll need a merchant... 
by HealPay | Feb 6, 2024 | Blog, Collections, Posts
Leveraging AI for personalization is becoming increasingly popular. For collection agencies, this means the ability to generate personalized payment offers that allow consumers to conveniently pay off their balances. For instance, AI can be used to offer: Custom... 
by HealPay | Jan 26, 2024 | Blog, Collections, Posts
Collection agencies often face challenges in recovering owed money. It’s a delicate balance—trying to collect debts while maintaining good relationships with consumers. Providing financial literacy resources could help. By helping consumers improve their... 
by HealPay | Jan 24, 2024 | Blog, Posts
Payment processing terminology isn’t always easy to understand. Here, we’ll cover some of the most important payment processing terms so you can better understand how payment processing works. Acquiring Bank (or Merchant Bank) To facilitate payment... 
by HealPay | Jan 17, 2024 | Blog, Posts
HealPay is excited to exhibit at the 2024 RMAI Annual Conference on February 5 through 8 in Las Vegas, Nevada at the Aria Resort & Casino. Receivables firms attending the event are invited to stop by Booth #305 to learn how they can automate payments with...