BillGO

04/05/2024

If you run a business, or work in the financial services industry, you might be familiar with , the instant payment service developed by the Federal Reserve that launched last year. FedNow aims to increase the speed of cashflow for businesses by giving them the ability to receive real-time payments, but its full impact remains to be seen, as it first requires the participation of their banks.

Fortunately, your business doesn’t have to wait to get faster payments. Learn how working with a payments processing company can get you your payments same-day without any additional cost.

Smaller companies seek prompt payment for the goods and services they provide. Yet up until recently their options have been limited and often come at a cost. This year's launch of the Federal Reserve Bank's real-time settlement system FedNow aims to alleviate this by making real-time capabilities m...

02/21/2024

Erlich Pest Control has processed over 35,000 payments through BillGO Exchange – a number they expect will quadruple as they continue their expansion across the US.



Learn how BillGO Exchange helps them get these payments faster than ever before.

As the official BillGO liaison at Ehrlich Pest Control, over the past two years Janice Bubeck has helped process around 35,000 bill payments through Bil...

01/25/2024

“It’s fantastic getting payments in minutes. We send out invoices and within a day we’re clear. We receive payment notification, it’s processed, applied to the account—and it’s a done deal. We get a significant number of payments more efficiently and quickly.”



Read more about how this Collections Supervisor uses BillGO Exchange to make her job much easier!

As a Collections Supervisor for one of the nation’s largest accounting firms, this professional is responsible for overseeing all bill payments in collections--no small feat. Here they share how working with BillGO helps make their job easier.

01/03/2024

With 22 years of experience, this accounts receivable professional was well-accustomed to the financial intricacies of church customers and the challenges she may encounter. Yet when she was introduced to the BillGO Exchange, she realized she could do her job with significantly more speed, ease and security.
Here she details the notable impact BillGO has on her day-to-day success.

Having worked for a nonprofit for 22 years before joining a local church supply vendor, this accounts receivable professional was well-accustomed to the financial intricacies of church customers and the challenges she may encounter. Yet when she was introduced to the BillGO Exchange, she realized sh...

09/14/2022

Most of today’s consumers are managing and paying their bills direct with the biller, which on average is 12 bills per month. Meanwhile, more than half of Americans live paycheck to paycheck and don’t have their bills on autopay.

“They are literally managing their cash flow on a daily basis, and then prioritizing when bills need to be paid, and then how they're going to pay those. And, you know, frankly, the FIs just have not updated that experience and made it easy for the consumer to manage and pay their bills,” said Ken Salazar, BillGO's CRO.

Providing a modernized bill pay experience is just one of the topics explored by Ken from a recent webinar with FinTech Masala and Bankable FinTech.

Learn more about how FIs can set up successful partnerships with fintech companies to stay in step with consumers in our latest OnTheGO blog:

https://www.billgo.com/blog/how-fis-and-fintechs-can-collaborate-to-create-a-better-customer-experience

09/07/2022

With costs rising, times are tough for many people.

Here are five strategies you can deploy immediately to help you weather tomorrow’s economic uncertainty:

1. Be empowered by a budget: As expenses rise it’s imperative to know exactly where you stand financially and where your money is going.
2. Bank on savings: Once a proper budget is in place, it’s easier to get creative and figure out ways to save.
3. Mitigate fees and penalties: Monitor your bank account to make sure you have enough to pay for bills and transactions and avoid fees.
4. Boost your income: If possible, find a way to supplement your income.
5. Pause major purchases: Now may not be the best time to make a large purchase. Pause and reevaluate later.

Read more in our latest OnTheGO blog: https://www.billgo.com/blog/five-ways-to-save-money-and-counter-inflation

09/05/2022

Happy Labor Day to all our customers, partners and employees. Thank you for your dedication and tireless work. Enjoy the day!

08/31/2022

Even though financial health improved during the pandemic, the gap between men and women widened.

According to new research by the Financial Health Network, women are more likely than men to say that their financial situation is worse now than it was prior to the pandemic (28% versus 23%).

Four reasons driving the financial gap between men and women:
1. Income disparities persist
2. Women are more likely to surrender salaries due to children
3. Women have higher burdens of debt
4. Women have lack of retirement savings

Read the full post in the OnTheGO blog: https://www.billgo.com/blog/women-finance

08/24/2022

Consumers have already jumped on the modern bill pay bandwagon. So why are financial institutions still using decades-old legacy bill pay technology?

“We’ve gone from a majority of Americans managing their bills through bank bill pay to only about 40 percent by 2010. And [as of 2021], we’re seeing 20 or 25 percent at best with about three-quarters of Americans opting to pay their online bills directly to their billers,” according to BillGO CEO, Dan Holt.

Modern offers banking customers these benefits:
➤ Easy, centralized biller set-up
➤ Secure payments using a virtual card
➤ Instantaneous payments and confirmations
➤ Instant notifications and reminders

Learn more in our latest OnTheGO blog: https://www.billgo.com/blog/four-ways-your-customers-benefit-from-modern-bill-pay

08/17/2022

A new study by PYMNTS shows that increasingly more consumers are dissatisfied by current bill pay technology and would switch providers if they had better bill pay service.

In fact, 51% of consumers would consider paying a fee for a better bill pay service and half of survey respondents “would likely to change their billing providers” in pursuit of an “optimized bill pay experience.”

According to PYMNTS: “ … digital-savvy consumers, who tend to be younger and have higher incomes, expect a frictionless payment experience. An improved bill payment offering can help service providers increase customer satisfaction and engagement."

Learn more in our latest OnTheGO blog: https://www.billgo.com/blog/bill-payment-study

Survey shows the impact of friction-free payment experiences on customer loyalty. Learn why consumers would switch providers for better bill payment experience.

08/10/2022

We’re a rapidly-scaling fintech startup committed to providing consumers with a new way to bill pay.

We serve more than 8,000 FIs, 170,000 billers and supplier endpoints and 32 million consumers and several Big Tech companies.

And we’re hiring! Come join our team.

Meeting the needs of our diverse customer base is a tall order and one way we do this is by creating an environment that supports our developers and engineers.

“Like most startups in the process of scaling, we certainly have challenges to overcome, but the spirit of teamwork and fearless honesty we cultivate here makes it a joy,” shared Mark P. one of BillGO’s Programmers.

Are you right for BillGO? Find out more about our work culture and openings here:

https://www.billgo.com/blog/work-for-billgo

08/03/2022

As more and more consumers are living paycheck to paycheck, it is easy to understand why "buy now, pay later" (BNPL) has quickly become the preferred payment method for millions of consumers.

In fact, according to a new study from Aite-Novarica Group, 37 percent of users said buying now and paying later was “the only way they could afford the item they wanted or needed.”

The problem is though, that many consumers are mistaking BNPL as a money management tool instead of understanding what it actually is: debt.

That’s why policymakers around the globe are seeking clarification on BNPL’s ultimate impact “on consumers in such areas as fees, credit reporting, and identification requirements.”

BNPL providers are seeing growing credit losses, prompting industry players to advocate greater scrutiny of BNPL lending. Now, regulators are taking a closer look at BNPL, and lenders are seeking to understand how BNPL use might affect borrowers’ ability to meet other financial obligations," said Ariana-Michele Moore.

Learn more in our latest OnTheGO blog here: https://lnkd.in/e5DASvw3

Download the complete Aite-Novarica study here: https://lnkd.in/eRrats6k