OffChex -- Why move from paper checks to ACH?

Chargebacks are a big problem for merchants. They’re expensive—each chargeback can end up costing you more than double the disputed amount, once you factor in fees and overhead. They’re dangerous, because an excessive chargeback ratio can cause your merchant account to be terminated. They’re also getting worse. In recent years, 51% of merchants have reported an increase in chargebacks. The total cost of chargebacks was estimated to be $118 billion in 2023. Chargeback problems don’t disappear on their own, and merchants can’t afford to simply write them off as a cost of doing business. To protect your revenue, your merchant account, and your customer relationships, you need to understand how the chargeback process works and how to determine the root causes of your chargebacks. Only then can you put an effective chargeback management strategy into place. Read more to find out how to understand chargebacks!

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Discover how Accenture, a titan in professional services, harnesses the synergy of technology and human ingenuity to conquer the complexities of global financial markets. Dive deep into a comprehensive success story that outlines how Accenture tackled formidable challenges in foreign-exchange risk management by integrating cutting-edge solutions from SAP and Brisken OnePilot. Before this transformation, Accenture grappled with disjointed systems, manual processes, and insufficient real-time data, hindering effective risk management. Learn how the strategic deployment of SAP's Risk Management application and Brisken's innovative tools streamlined operations, achieving seamless "straight-through" processing capabilities and robust data governance. What You Will Gain: Insightful Analysis: Understand the challenges Accenture faced and the strategic decisions that led to groundbreaking solutions. Detailed Overview: Explore the functionalities and impacts of SAP and Brisken OnePilot solutions on Accenture’s operations. Compelling Results: Witness the tangible benefits such as improved operational efficiency, reduced risks, and significant cost savings. This exclusive content is not just a revelation of successful strategies but also a guide to future-proofing business processes against market volatilities. Don’t miss out on this opportunity to learn from the best. Download the full PDF now and take your first step towards mastering the art of financial management like Accenture.

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In a recent report by the Bank Administration Institute (BAI) on the state of the U.S. deposit market, ominous clouds are forecasted to loom over banks and credit unions, hinting at a potential negative growth trend in deposit balances throughout 2024. Factors such as persistent inflation, the resurgence of student loan payments and pent-up spending among the mass affluent are exerting relentless pressure on deposits, painting what could be a bleak picture for financial institutions. In the face of these challenging conditions, resilience in deposit marketing strategies is more important than ever. “There’s a natural tendency to want to wait out the storm by pulling back on deposit marketing,” says John Tracy, VP of data-driven marketing at Deluxe. “But it is the financial institutions that continue their deposit marketing, despite gale-force headwinds, that tend to do better after the storm passes.”

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