Data security is serious business, and failing to keep your customers’ data secure is not only bad policy, but can be very expensive in the event of a data breach. Many of you may have heard of the various standards for data protection, for example, for health records...
In the most recent years, you can already see how the purchasing behavior of customers continues to lean towards cashless payments. More importantly, the industry already predicts a booming trend towards cashless payment...
Merchants old and new usually have a one-track mind when it comes to their business, and that is to generate profit. One key component is to equip yourself with the capability to accept payments how, when and where your clients need. With the rapid expansion of...
If there is one thing that is definite in our very dynamic market, it is that payment processing and the ecosystem around it will always be evolving. Times change, our customer’s needs change, and the way merchants will serve their customers will also change in order...
Gone are the days when customers would just rely on cash or their handy cards to make payments. We are now entering a very exciting stage of making purchases where mobile and online payments take center stage. Mobile payments encompass another payment method that...
Merchants should think of their business enterprise as a well-oiled machine: for it to run effectively and efficiently, all the best pieces must fall into place. We mentioned in one of our previous blogs that one of the most important pieces of the business puzzle are...
Another difference between debit and credit cards are the perks they offer. While credit cards charge higher fees, they offer rewards unavailable to debit cards such as discounts, travel points, and even cashback.
Any business owner or merchant would always look at their return on investment or ROI as their main measure of success, and one of the fool-proof ways to secure their ROIs is to make sure that money keeps pouring into the business from all directions. This is...
Payment processors are companies, usually third-party, that handle payment transactions between the merchant and customer by relaying payment information from the customer to the merchant’s bank account. They enable merchants to receive debit or credit card payments online by providing a connection to an acquiring bank.
In the merchant services industry, the scene is so active and almost saturated that merchants no longer felt the need to fear that a certain company will monopolize the industry, which sometimes leads to underwhelming services that are left unchecked.
e Check is a mode of payment that relies on the ACH network to process payments. With e Check, money is withdrawn from the payer’s checking account, transferred over to the ACH network, and then deposited into the merchant’s checking account.
With innovation and technology, those specializing in merchant services have found modern ways for merchants to process payments securely. This has allowed businesses to reduce their reliance on traditional banking and use more electronic means to make transactions....