CSI Paysystems, CSI’s proprietary payment network, provides customers with the ability to convert more of their paper-loving suppliers to electronic payment. For vendors that are unwilling to accept credit card payments, CSI’s Private Network is a compelling, lower cost option with guaranteed funds that settle similar to ACH but with full accounting details behind every transaction.
For some customers, this means the ability to capture more electronic spend and grow their monthly rebate. For others like Palace Casino, the Network is another means to move the company closer to its goal of becoming paperless and converting 100% of their payables to electronic.
“For us, it’s about cost savings and efficiencies,” said George Conwill, CFO for Palace Casino. “We want to eliminate paper checks from our transactions. The whole flow of paper is inefficient and wrought with disaster including lost checks and manual errors. “Our goal is streamlining our accounts payable and that was the impetus that originally brought us to CSI.“