Over the last 12 months, almost every retailer felt the need to shift from the in-store traditional payment methods to the new-age digital methods. Businesses have also understood that this shift has a vast scope – it is not just a momentary reaction to the prevailing coronavirus pandemic, but a long-term trend. IBM’s U.S Retail …
Trends in Mobile Credit Card Processing for Fall 2021 and 2022 Read More »
The past year has been full of surprises for merchants, processors, and everyone involved in the payment processing ecosystem. There have been many unexpected highs and lows, but overall the trajectory of the industry has been positive despite some immense challenges. We saw the evolution of payment channels to handle consumer demands and COVID-19 threats. …
Top Merchant Services Trends to Watch in Fall 2021 and 2022 Read More »
Do you own an online business? Are you trying to find ways to navigate the complex world of e-commerce? Well, no need to keep searching! You’ve come to the perfect place to answer all your questions about online finances, payment processes, and more. Today, we will be talking specifically about credit card processing, focusing on …
Integrated vs. Non-Integrated Credit Card Processing Read More »
A credit card imprinter is a manually operated, non-electronic device that prints the face of your credit card and transfers it to a duplicate slip. After successfully printing your credit card, you sign it, and the owner or dealer tears off the perforated edge, keeps the original copy (above) and provides you with the hard …
You may assume it would be impossible for you to obtain a merchant account if you have poor credit. You might have gotten a bad credit rating due to issues like your business not being able to pay off its loans. You could also have a poor rating because your business is constantly dealing with …
How to Get a Bad Credit Merchant Account [2023 Update] Read More »
One of the most common credit cards you can accept at a gas station is a fleet card. Gas station merchant services often accept fleet cards that people use to pay for fuel at gas stations. These include people who work for certain businesses that provide vehicles for those workers to use. Gas companies and …
More Gas Station Merchants Are Now Accepting Fleet Cards Read More »
What’s the first word that comes to mind when you think of credit cards? If it’s fraud, you’re onto something. Hacking and identity theft are at all-time highs, especially during the pandemic. As a merchant, it’s your job to minimize the risk for your consumers in order to stay in business. One of the best …
The Top Reasons You Should Switch to EMV [2023 Update] Read More »
If you have a New Year’s resolution to get your finances in order, that may include finding the right credit card. If you have a high-interest card that doesn’t provide you with any rewards or benefits, you could be missing out. Here are the top credit card offers for the New Year. Discover-It Cash Back …
COVID-19 has changed the way restaurants operate in a big way. In some states, they still aren’t fully operating, which leaves restaurants thinking outside the box longer than they ever thought necessary. 2021 looks like it will shape up much how 2020 ended, which means restaurant owners must continue being creative and figuring out ways …
Restaurant Trends for 2021 – How Restaurants will Succeed Read More »
COVID-19 has affected restaurants harder than many other industries mainly due to the lack of cash flow. Not that restaurants aren’t making the money, they just make it differently. Most payments are electronic to avoid the risk of passing germs with cash (not necessarily because of the lower accessibility of it). That leaves restaurant owners …
Tipping Goes Virtual as COVID19 Impacts US Restaurants Read More »
The COVID-19 pandemic and the resulting stay-at-home orders across the globe and country during the past few months has led to a significant reduction in both the number of merchant services transactions and dollar sales in our country. With predictions of a global decline in GDP, there are few bright spots in the economic fallout. …
Merchant Services and Payments Impacted by COVID19 [2023 Update] Read More »
Because of the potential to earn residual income, a merchant services agent program is a path to profitability – but only if you make sales. In order to be a successful credit card processing agent, you not only need to know your business, but you also need to know how to sell. An Independent Sales …
How to Be a Top Merchant Services Independent Sales Agent Read More »
The expected global rollout of 5G technology is predicted to bring many changes to today’s connected global economy. With real-time, high-speed data flow, 5G is likely to fuel even further expansion of mobile payments and change the credit card processing industry on a fundamental level. Here’s what 5G may mean for the future of mobile …
In an attempt to reduce credit card processing fees, Walmart recently filed an application with the U.S. Patent and Trademark Office to launch its own crypto-currency. Although it’s too soon to say how far this will go, it’s worth paying attention to. Walmart Blockchain The application describes Walmart’s currency as “tied to the US dollars …
Protect Your Business from Credit Card Skimmers Each year, companies sign on to take advantage of merchant services offered for credit card processing. Skimmers are quickly becoming a threat to unsuspecting customers as companies rely more heavily than ever on point of sale services for their businesses. As a merchant, you want to protect your …
It seems that the U.S. Food and Drug Administration (FDA) is finally beginning to crack down on the growing vape and e-cig industry, after it announced last year that all e-cigarettes and other vaping products will now be regulated in the same way as cigarettes are under the 2007 Family Smoking Prevention & Tobacco Control …
New FDA Regulations Affect Online Vape Credit Card Processing Read More »
Great news for the credit card processing industry: Just one year into the shift towards the Europay, MasterCard and Visa (EMV) system in the United States, and counterfeit fraud costs have been slashed by just over 50%. According to a report issued by credit card giant MasterCard in mid-September, counterfeit fraud costs are being sharply …
Fraud Costs Cut in Half Since the Introduction of EMV Read More »
Modern payment methods in the United States range from EMV chip cards to digital wallets to bitcoin; however, there’s one traditional form of payment that has managed to survive the shift towards digital. Use of Paper Checks by American Business Entities The use of paper checks by American business entities and individuals remains uncomfortably high …
More Businesses Than You Think Still Pay By Check Read More »