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How Instant Bank Account Verification Can Reduce Risk For Your Business

October 5, 2021October 5, 2021

When onboarding new customers to your business, risk is everywhere. Between needing to validate the authentic ownership of that account, validating the bank balance, going through account history and historic repayment, and simply checking that the bank account is in good standing, a lot can go wrong.

That’s why Instant Bank Account Verification could save you time, hassle, and risk — particularly for companies or organizations that operate ACH-based recurring payment plans. We’ll show you why in this article.

How Does Instant Bank Account Verification Work?

As a customer interacting with a new business, you’re redirected to your bank login through a pop-up or lightbox. Upon logging in, the business can piggyback this, and through an API pull the account data of the customer, thereby being able to validate the bank balance of the purchaser.

This is where Instant Bank Account Verification operates and is useful. If your business doesn’t …

5 Ways You Can Reduce Your Business Expenses

June 28, 2019June 28, 2019

Controlling expenses is an essential part of running a business. As your small business grows, so naturally will its expenses. It’s entirely possible, though, for your business’s expenses to grow more than they need to (or, worse, more than you can afford).

We interviewed Stephen Riddick, VP of Business Development at CSP, Inc. CSP, Inc. provides IT support Raleigh businesses have trusted for 25 years. Stephen Riddick asks business owners to consider these 5 ways that you can reduce business expenses.

1. Track Existing Expenses

Reducing expenses involves a lot of planning, but before you can plan, you need to establish a baseline. If you’re not tracking expenses meticulously in every department, you need to start. It’s hard, nearly impossible even, to reduce business expenses without first getting a solid handle on where your business is spending money right now.

2. Plan to Be Proactive, Not Reactive

Too many startups …