Credit Card & Payment Processing for Finance

Welcome back to another value-packed blog post from Podium. In this post, we aim to introduce local business owners operating in finance to the best credit card and payment processing tools that can streamline their day-to-day operations. Let’s dive in!

1. Podium Payments

Podium Payments is a powerful tool that enables your local financial institution to get paid faster and save time while simultaneously bringing in more reviews, generating high-quality leads, and centralizing customer data to improve customer interactions. A distinctive feature of Podium Payments is its text-to-pay option which keeps payment transactions in the same channel you already use to communicate with your customers, making it more likely for payments to be made on time.

For financial institutions, Podium Payments offers a chance to weave services seamlessly into modern, personalized communication channels. It accepts all major payment options and enables you to offer financing, subscriptions, and Buy Now Pay Later and send estimates. Its advanced fraud protection and automatic reconciliation capacities guarantee secure and accurate transactions.

2. PayPal

PayPal is a global leader in the payments industry, hosting a massive customer base and series of useful features for businesses. With quick setup, easy integration, and fraud management capabilities, PayPal is ideal for financial institutions that want to leverage the trust and recognition associated with this brand.

PayPal’s robust PayPal Here app transforms phones or tablets into point-of-sale devices, helping teams manage transactions on the go. It’s an ideal tool for local businesses seeking to offer a versatile range of payment options to customers.

3. Square

Square provides a comprehensive suite of hardware and software solutions for businesses of any size. With Square’s payment system, businesses can easily process credit card payments and maximize their profitability.

Opting for Square for financial institutions means gaining access to powerful data collections and analysis tools. With Square, you can enhance business decisions and devise effective strategies for future growth.

4. Stripe

A popular choice for online businesses is Stripe. Stripe offers customized, integrated solutions for web and mobile payments that are user-friendly and scalable. It’s known for its robust suite of APIs, allowing businesses to create their own payment systems.

Stripe positions itself as an avenue to creating frictionless customer experiences which is crucial for financial institutions keen on investing in their digital customer journey.

5. Authorize.net

Authorize.net is widely renowned for its sophisticated fraud detection suite and smooth integration with other software. It’s a prominent choice for small to mid-sized businesses, particularly those with an ecommerce presence.

Authorize.net’s versatility makes it ideal for financial institutions looking to step up their digital capabilities while keeping their online transactions secure.

6. Clover

Clover provides a modern, connected, and flexible payment solution that allows businesses to accept credit cards, EMVs, and contactless payments. It also offers a selection of sleek hardware to suit different business needs.

Opting for Clover means using their full-featured POS systems and business management software which integrates payments, reporting, and third-party app functions. It’s an excellent option for financial institutions ready to marry payment transactions with business performance metrics.

7. Braintree

Braintree is a comprehensive payment platform offering customizable, scalable services to businesses of all sizes. It notably supports over 130 currencies and various payment types, including mobile wallets.

A payment solution like Braintree empowers financial institutions to cater to a variety of customer preferences, which is key to optimizing customer experiences and fostering loyalty in clients.

8. FreshBooks

FreshBooks is an all-in-one invoicing and accounting solution that simplifies finance management for small businesses. It also facilitates online payments, helping you get paid faster.

If your financial institution handles recurring billing or invoicing, implementing a tool like FreshBooks could save significant time and improve productivity. The software’s ability to automate recurring payments and consolidate billing and accounting tasks truly simplifies operations for financial businesses.

9. QuickBooks Online

QuickBooks Online offers a variety of features such as online banking integration, automated reports, and cash flow management.

Using QuickBooks Online, financial institutions can simplify bookkeeping, vat returns, and financial oversight with one, easy-to-use, centralized platform. It’s perfect for financial institutions looking to optimize their accounting processes.

10. Flagship Merchant Services

Flagship Merchant Services is a payment processor providing personalized service packages tailored specifically to small and medium-sized businesses.

Choosing Flagship Merchant Services enables financial institutions to offer tailored, high-quality customer service. Hands-on support also helps businesses enjoy smooth implementation and address any issues they encounter swiftly.

Get Started

Choosing the right payment processor can have a considerable impact on the experience your customers have, your day-to-day operability, and ultimately, your bottom line. We hope this article has given you better insights into some options for your financial institution. For more information on how Podium can help your local business, feel free to reach out.