{"id":22198,"date":"2024-09-18T13:12:19","date_gmt":"2024-09-18T17:12:19","guid":{"rendered":"https:\/\/www.foundationsoft.com\/?p=22198"},"modified":"2025-04-10T15:29:18","modified_gmt":"2025-04-10T19:29:18","slug":"unpacking-cost-efficiency-and-security-in-construction-transactions","status":"publish","type":"post","link":"https:\/\/www.foundationsoft.com\/learn\/unpacking-cost-efficiency-and-security-in-construction-transactions\/","title":{"rendered":"Unpacking Cost, Efficiency and Security in Construction Transactions"},"content":{"rendered":"<p><iframe loading=\"lazy\" id=\"podcastTop\" style=\"border: none;\" title=\"Libsyn Player\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/33010602\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/000000\/\" width=\"100%\" height=\"90\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p>Join host Mike Merril as he sits down with Basys&#8217;s CTO, Chris Borchers, and Executive Vice President of Partner Relations, Kenny Thompson. Together, they unpack the nuances of <a href=\"https:\/\/www.foundationsoft.com\/learn\/successfully-managing-construction-project-billing\/\">payment processing<\/a> systems, offering insights into how businesses, especially in construction, can trim costs and streamline operations by implementing different payment technologies.<\/p>\n<p>Additionally, they\u2019ll underscore the importance of robust security measures, like multi-factor authentication and PCI compliance, as construction companies adapt to new <a href=\"https:\/\/www.foundationsoft.com\/interpreting-2023s-aia-billing-index-scores\/\">credit card processing<\/a> strategies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span><strong>Key Takeaways:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Breakdown_the_Payment_Process\"><\/span><strong>Breakdown the Payment Process<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Delving into the intricacies of credit card processing, from initial card issuance to the final funding stages, Borchers and Thompson illuminate the journey of financial transactions within businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Learn_Cost_Efficiency_Strategies\"><\/span><strong>Learn Cost Efficiency Strategies<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>By optimizing payment processing systems, businesses can achieve significant cost savings. Learn how this strategic approach not only enhances financial management but also fosters operational agility.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Importance_of_Excellence_in_Customer_Service\"><\/span><strong>The Importance of Excellence in Customer Service<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Basys&#8217;s remarkable Net Promoter Score (a market research metric that measures customer loyalty, satisfaction and enthusiasm) underscores the company\u2019s commitment to exceptional customer service. This dedication to the client experience plays a pivotal role in the way Basys\u2019s fosters customer loyalty and retention.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Initiate_Seamless_Technological_Integration\"><\/span><strong>How to Initiate Seamless Technological Integration<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Research is showing that by introducing payment systems into core business operations and integrating them with accounting software, construction companies are seeing an increase in client satisfaction. This is because transactions are both quicker and more accurate. Borchers and Thompson specifically show this integration ensures operational efficiency and supports scalable growth initiatives across businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Importance_of_Implementing_Robust_Security_Measures\"><\/span><strong>The Importance of Implementing Robust Security Measures<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Upholding stringent security practices \u2014 such as Multi-Factor Authentication (MFA) and PCI compliance \u2014 is imperative in safeguarding transactions. These measures mitigate risks and fortify the trustworthiness of financial operations, helping to ensure customers their financial information will remain confidential.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Guests\"><\/span><strong>Guests:<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>CTO and Product Officer at Basys <strong>Chris Borchers<\/strong><\/p>\n<p>Executive Vice President of Partner Relations at Basys <strong>Kenny Thompson<\/strong><\/p>\n<p><a href=\"#podcastTop\">Click here to listen to the full podcast and learn more!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff Join host Mike Merril as he sits down with Basys&#8217;s CTO, Chris Borchers, and Executive Vice President of Partner Relations, Kenny Thompson. Together, they unpack the nuances of payment processing systems, offering insights into how businesses, especially in construction, can trim costs and streamline operations by implementing different payment technologies. Additionally, they\u2019ll underscore the importance of robust security measures, &#8230; <\/p>\n<div><a href=\"https:\/\/www.foundationsoft.com\/learn\/unpacking-cost-efficiency-and-security-in-construction-transactions\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":60,"featured_media":22205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","inline_featured_image":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-22198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-category"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unpacking Cost, Efficiency and Security in Construction Transactions - Foundation Software<\/title>\n<meta name=\"description\" content=\"Construction payment processing costing too much? Basys experts share game-changing strategies to cut costs and boost security in this must-hear episode.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.foundationsoft.com\/learn\/unpacking-cost-efficiency-and-security-in-construction-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unpacking Cost, Efficiency and Security in Construction Transactions - Foundation Software\" \/>\n<meta property=\"og:description\" content=\"Construction payment processing costing too much? 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