ReliaFund Blog

Payments modernization is a hot topic in the financial and payments industries right now. We’ve made great strides in technology and innovative processes since the beginning of 2020, and it’s easier than ever for people to connect their banks, fintechs, and payment platforms to each other in effective ways. Because the flow of money is…

A recent PYMNTS article broke down the role of digital payments in our modern grocery shopping experience. In a September 2022 survey, 24% of respondents said they used digital wallets to pay for recent grocery purchases. Since the COVID-19 pandemic began, the increase in digital payments has permeated most industries, and online grocery shopping and…

There are many different pricing models you can use for your business. And your pricing strategy is about so much more than just offering a competitive price point. Because business goals, market fluctuations, supply costs and shortages, and other factors determine your individual prices, it’s easy to get lost in the weeds. That’s why choosing…

The payments industry has seen a rapid transformation in the last several years – COVID-19 pushed more payments online and through same day ACH than ever before, and transaction and posting times have been drastically reduced to accommodate an ever-increasing speed at which people demand their payments. The latest of the 2022 payment trends is…

Financial services are a top target for cybercrime. And while banks are the most commonly affected, the rise of new payment technology and full-service apps and online tools means there are more and more trends affecting those third-party transaction sites. Like with all things, the latest trends in cybercrime are evolving as we speak. And…

Risk assessment is an integral process for money services businesses. Right now, anti-money laundering concerns are at an all-time high. Because trends in payment fraud are constantly evolving, we wanted to take a moment to discuss some MSB best practices for improving anti-money laundering initiatives. MSB Best Practices: Assessing Risk Recently, the American Bankers Association…

When you run a subscription-based business, your billing system needs to be tailored to that subscription model. And usage-based billing is one of the most popular pricing models for subscription businesses. As we move through a more and more personalized consumer space – with targeted ads, cookies, automated marketing personalization, and more – it may…

Repeat business is the foundation of any brand. Whether you are a subscription-based business or not, loyal customers almost always make up the bulk of your business transactions. And that’s why you should be concerned about subscription billing best practices. Subscription-based business relies even more heavily on repeat customers, and that makes it feel like…