# The Ordway Blog

### **Recurring Themes**

### [What Is Outcome Based Pricing and How Does It Work?](https://ordwaylabs.com/blog/outcome-based-pricing/)
Outcome-based pricing is a model where customers pay only after achieving specific, measurable results—such as revenue generated, costs saved, or tasks completed—rather than paying for access or usage upfront.

### [AI Contract Abstraction Explained: How It Works](https://ordwaylabs.com/blog/ai-contract-abstraction/)
AI contract abstraction uses artificial intelligence to automatically extract, summarize, and structure key data points from contracts—transforming hours of manual review into minutes of automated processing.

### [Using Google Pay to Accept Online Business Payments](https://ordwaylabs.com/blog/payments-blog/using-google-pay-to-accept-online-business-payments/)
Google Pay for Business lets merchants accept secure online payments through a digital wallet that stores customers' card credentials—enabling one-click checkout without requiring buyers to manually enter payment details.

### [How to Enable Apple Pay for Online Business Transactions](https://ordwaylabs.com/blog/apple-pay/)
Apple Pay lets businesses accept online payments through a digital wallet that replaces card numbers with secure tokens—customers authenticate with Face ID or Touch ID instead of typing payment details.

### [CHAPS Transfers Explained: Your Guide to UK Same-Day Payments](https://ordwaylabs.com/blog/chaps-uk-payments/)
CHAPS is the UK's same-day payment system for high-value sterling transfers, operated by the Bank of England with guaranteed settlement and no upper limit on transaction amounts.

### [What Is CRM System and How Does It Work?](https://ordwaylabs.com/blog/crm-system/)
Customer Relationship Management (CRM) software is a system that centralizes customer data, tracks interactions across sales, marketing, and service teams, and automates routine tasks throughout the customer lifecycle.

### [What Are BECS Payments? Australia Direct Debit Explained](https://ordwaylabs.com/blog/becs-payments-australia/)
BECS (Bulk Electronic Clearing System) is Australia's primary bank-to-bank payment infrastructure for direct debit and credit transactions, processing over $15 trillion AUD annually.

### [FedNow Payments – What Finance Needs to Know](https://ordwaylabs.com/blog/fednow-payments/)
FedNow is the Federal Reserve's instant payment system that enables real-time, bank-to-bank transfers 24/7/365—settling transactions in seconds rather than the days required by ACH. Launched in July 2023, it represents the first new payment rail.

### [Billing Contact Management for Subscription Businesses](https://ordwaylabs.com/blog/billing-contact-management-subscription-businesses/)
A billing contact is the designated person at a customer organization responsible for receiving invoices, managing payment inquiries, and authorizing transactions. In B2B subscription businesses, this role serves as the financial bridge between your company and the customer.

### [International Bank Account Number: What Is an IBAN and How to Use It](https://ordwaylabs.com/blog/international-bank-account-number/)
An IBAN (International Bank Account Number) is a standardized code of up to 34 alphanumeric characters that uniquely identifies a bank account for cross-border transfers. It's the international banking system's answer to a simple problem:…