BluePay Blog

Banks safeguard our collective wealth, and they provide a range of services and products that all of us need. However, these roles are not exclusive to banks. For example, credit unions provide many of the same services.

Topics: Financial Institutions

According to Hollywood, bad things happen when society hands over decision-making power to machines. From the Terminator to the Matrix to I, Robot, the big screen is filled with dystopian tales about artificial intelligence (AI) wiping out the human race.  In truth, we’re already surrounded by AI. To wit:  Satellites can position themselves without human intervention. Traffic lights rely on sophisticated, real-time algorithms to keep us safe. Self-driving cars can navigate crowded roads with fewer accidents. 

Topics: Financial Institutions, Payment Technology, Payment Trends

If you’re like most people, you’ve probably never heard of a blockchain. Yet, this relatively new technology could radically change how we interact and do business. First, a little context.  Trust is an essential component of modern life. When conducting business with unknown parties, for example, you need a way to ensure that money paid results in goods received. 

Topics: Financial Institutions, Payment Technology, Payment Trends

If you launch a business of any kind, you’ll need to establish an ongoing relationship with some type of bank. But with nearly 5,000 financial institutions to choose from, where do you start?  You could set up an account with the closest bank in your neighborhood. In fact, many budding entrepreneurs do exactly that. 

Topics: Financial Institutions

For decades, traditional banks have helped finance a range of disruptive technologies and businesses, from Skype to Amazon to solar panels.  Yet, despite making few improvements to their own business models, these banks have largely avoided disruption themselves. Paul Volcker, former Federal Reserve Chairman, even wrote an op-ed in 2009 titled, “The only thing useful [that] banks have invented in 20 years is the ATM.” 

Topics: Financial Institutions, Payment Technology, ISV/VAR

As the name implies, an electronic funds transfer (EFT) describes the process by which parties send and receive money (i.e., “funds”) through electronic channels. Although the term is often used interchangeably with Automated Clearing House (ACH) payments, EFTs encompass a much broader range of payment options, including wire transfers, e-checks and even PayPal. 

Topics: ACH/eCheck Payments, Financial Institutions, Consideration

Topics: Software and Payment Integration, B2B, Financial Institutions, Enterprise Business Tips

Topics: Financial Institutions

Topics: Financial Institutions

Topics: Financial Institutions