How to Avoid Merchant Account Holds or Freezes Many merchants do not understand why freezes or holds occur, but these are important topics to understand. Both are for the merchant’s protection, but they can be financially stressful to your business when they occur unexpectedly. Here’s why holds and freezes occur and what you need to do to make sure you …
Some credit card processing companies are now charging “EMV non-compliance fees”. For those who don’t know, the acronym EMV refers to the technology embedded in what are commonly called chip cards. Developed originally to increase security for customers when making a “card present” payment at a retailer, the date for merchants to install a chip-enabled credit …
Point of sale systems have come a long way since they were introduced as advanced replacements for cash registers in the 20th century. Modern point of sale (POS) solutions offer more than just the ability to ring up purchases; they integrate multiple functions such as merchant services, inventory control, payment processing, scheduling employee shifts, collecting …
Five Reasons You Should Upgrade Your Point of Sale System Now Read More »
If you’ve ever wondered if you should add online ordering capability to your retail establishment, we’re here to tell you, “Yes, you should.” It’s a no-brainer really. While we’ll get into more particular reasons why in the following discussion, there’s one very basic reason merchants should provide this option for customers – because they expect …
If you’ve been pretending (or not) to understand the blockchain technology conversation percolating around you the past few years but have no real idea how cryptocurrencies like Bitcoin, Etherium, and Litecoin actually work, you’re not alone. There’s a lot of nebulous verbiage of dubious value out there. Can you just tune out and hope …
MasterCard has announced upgrades to how it’s payment processing operations will operate for business to business transactions. The company will now allow businesses to use blockchain technology to transfer money via its MasterCard Blockchain API, which recently debuted at the Money20/20 Hack-a-thon in Las Vegas. MasterCard has joined the growing list of companies taking advantage of blockchain …
Millennials, who are between 18 and 34, are a major market segment for banks and other financial institutions to attract and retain. There are now more than 83 million millennials in the U.S., representing one-quarter of the country’s population and a larger share than baby boomers. Most millennials have spent their entire lives with technology …
How Banks Are Adapting to the Demands of Millennials Read More »