B2B Payment - Keep Up With Technology

Improve Payment Collections With a B2B Payment
Improve Payment Collections With a B2B Payment
March 11, 2013 - PRLog -- According to a Federal Reserve Payment Study in 2011, 79% of cross border transactions use wire transfers. Surprisingly, 49% of business people surveyed still use checks to pay major suppliers.

Technocash Limited stands out from the crowd. They provide business accountholders with a revolutionary online payment platform with access to online currency conversions and instant funds to your business partners globally in a wide range of different currencies.

For more information on Technocash’s enhanced business to business (B2B) payment fucntion, visit http://www.technocash.com/pages/b2b-payment.cfm or contact Technocash at marketing@technocash.com.

Checks Are History - B2B Payments Are The Future  

The Internet is everywhere these days for businesses to access. The web is available on most electronic gadgets such as tablets, computers, phones, and even fridges. There is literally a plethora of products for us to use to access the web.

Thousands of years ago, people used checks to pay for goods or services. The first known use of checks were in India during the Mauryan period (321 to 185 BC). The ancient Romans are also believed to use an early form of the check called the praescriptiones.

Isn’t it amazing that check technology has not changed that much for thousands of years? The problem with checks is that they can get lost in the mail, damaged in transit (as they are made of paper) or even stolen.

Operating since 2000, Technocash has developed an online system devoid of check use. Within the Technocash system, you can send and receive instant fund payments tailored to your needs online and in your own time. There is no need to write checks to customers and business partners. If collecting payments around the world seem like a hefty task for you, imagine how easy it would be if you could collect funds from your customers or business partners in one online, payment system.

An Instant B2B Payment Speeds Up Business

The Technocash system was designed with businesses in mind. Do you need to send a B2B payment to a business partner in Asia? Normally a wire transfer or check would take around 3 business days to arrive, if there weren’t any delays in place, such as weekends, public holidays or incorrect wire transfer information. Experience shows checks can be inconvenient because the money usually comes from an active account and the payer has to wait for the money to clear or the check will bounce.

If you send payments from your Technocash Account to other Technocash accountholders they arrive instantly. Once a payment has been sent or received, an instant payment notification (IPN) email is sent detailing essential information such as the amount and currency received, date and time sent or received and payment references.

Do you need to send a B2B payment right away? Contact Technocash for more information by visiting http://www.technocash.com/pages/b2b-payment.cfm or emailing marketing@technocash.com today.
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