On May 10th, Coinbase announced that it had filed for a registration statement with the Securities Exchange Commission (SEC). The announcement came along with their reports for the first quarter of 2022, where they reported missing the revenue estimates that were previously given by analysts and sending shares down as much as 19%. In a […]
Coinbase Registers with the SEC Read More »
The consumer price index (CPI) fell from 8.5% in March to 8.3% in April, according to the report from the U.S. Bureau of Labor Statistics, failing to meet the expectations of Wall Street for consumer prices and inflation. Economists had previously forecasted a drop to 8.1% for the same time period, owing to raises in
Inflation Moderates Slightly in March 2022 After Increasing for 8 Months Read More »
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 »
Merchant services providers will dictate the rates you spend over your risk level. A merchant services provider will review your risk level surrounding your operations and how often you manage returns and other issues. A high-risk business will spend more on interchange fees and other markups. It may also have more stringent contract rules and
What Do Merchant Services Interpret As Low-Risk Accounts? Read More »
High risk businesses are subject to more expensive merchant service charges than others. A business will spend more to process each transaction if it is a high-risk entity. It could also be subject to increased charges. Contract terms for the business could also be restrictive. Some companies may even have some of their revenues tied
Why is a Business Considered High Risk For Merchant Services? Read More »
Electronic Benefit Transfer or EBT merchant services will let you collect payments from people who have EBT accounts. You can help people who qualify for EBT benefits get access to the foods they need. You won’t spend anywhere near as much in processing EBT payments, as they are government-supported transactions. Your business will also become
How Can You Qualify For EBT Merchant Services? Read More »
With the advent of smarter technologies in the financial industry, the payment processing sector has undergone a revolutionary change in recent years. These trends are shaping the way merchants would deal with their everyday business in the upcoming days, especially after the pandemic crisis. Although contactless payments started out as a necessity the previous year
Merchant Services Trends for 2021 Read More »
China made a surprising decision when they postponed Ant Group Co.’s IPO. The decision caused Hong Kong shares to plummet and made investors wonder about the financial future of the fintech company. The postponement came after a meeting between one of Ant’s founder and Chinese regulators. The Shanghai Stock Exchange also removed the company from
Chinese Fintech Firm, Ant Group, Forced to Postpone Record IPO Read More »
Because of the complexity of credit card processing, it’s hard to know when or if to switch merchant services providers. With the added confusion of automatically renewed contracts, equipment leases, and hidden fees, a business may feel it needs to outsource the research on their already outsourced credit card processor. Here are five things to consider
Five Things To Consider When Switching Merchant Services Providers In 2020 Read More »
In the competitive world of merchant services ISO, you need to leverage every aspect of your skillset, your schedule, and your merchant servicer to grow your business. Independent sales organization (ISO) agents have the potential to make a significant income – but only when they stay focused and disciplined. Follow these steps to grow your
Grow Your Merchant Services Agent or ISO Business in 2020 Read More »
On December 19, the cyber security firm Fox-IT, which is headquartered in the Netherlands, reported that they discovered a previously-unknown infiltration of managed service provider and government computer systems in at least 10 countries, including the United States, Mexico, Brazil, the United Kingdom, France, Germany, Italy, Portugal and Spain. These systems covered a wide range
Chinese Hackers Were Successfully Able to Bypass 2FA Read More »
When we cast our eye across the pond and towards the rest of the world, we start to notice some very different point-of-sale (PoS) consumer behavior. In somewhere around 25 of our closest international buddies, more than 50% of all face-to-face Visa transactions are done via contactless payment. If we look over to the Australians
Contactless Payments on the Rise [2023 Update] Read More »
In the competitive world of merchant services ISO, you need to leverage every aspect of your skillset, your schedule, and your merchant servicer to grow your business. Independent sales organization (ISO) agents have the potential to make a significant income – but only when they stay focused and disciplined. Follow these steps to grow your
Tips to Grow Your Merchant Services Agent or ISO Business Read More »
Because restaurants operate on thin profit margins, restaurateurs must leverage every payment type to attract every type of customer while simultaneously leveraging the support of their credit card processor. Business owners don’t have time to waste on deciphering complex credit card processing fees during their monthly reconciliation. Nor do they have the luxury of refusing
How Should I Choose a Credit Card Processor for My Restaurant? Read More »
Because of the complexity of credit card processing, it’s hard to know when or if to switch merchant services providers. With the added confusion of automatically renewed contracts, equipment leases, and hidden fees, a business may feel it needs to outsource the research on their already outsourced credit card processor. Here are five things to
Five Things to Consider When Switching Merchant Services Providers Read More »
A Payment Gateway is the interface between consumers and the merchant acquiring bank that processes a payment during a consumer transaction, whether the transaction be online or in a brick and mortar store. In addition to the point of sale (POS) terminals, physical stores also need a payment gateway to complete a transaction made in
What is a Payment Gateway? Read More »
To keep up with Visa and Mastercard, American Express is offering sign-on bonuses to companies to offset start-up costs. Ranging from $10,000 to nearly $500,000, American Express sign-on bonuses are part of an effort to close the gap of the 1.3 million more U.S. locations accepting Visa and Mastercard in 2018 than those accepting American
AmEx Offering Incentives to Boost Card Acceptance Read More »