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...
Technology
8 Fascinating Questions to Ask About Payment Terminals
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...
5 Groundbreaking Innovations that Will Rock the World of Payment Processing in 2020
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...
5 Amazing Things You Probably Didn’t Know About Mobile Payments
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...
7 Ways An ‘Ill-Equipped’ Payment Processor Can Kill Your Business
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...
The Future of Merchant Services: What to Expect in 2020
When we talk of merchant services, we refer to a range of financial services for business: the acceptance and processing of electronic payments; the behind-the-scenes process that allows merchants to accept payments; the service providers merchants work with; and the hardware and software needed to run the entire process.
All You Need to Know About PCI Compliance
PCI-compliance is a vital step towards your business success, and that is why you should complete the SAQs and AOCs before the year ends. You do not only hold proof that you are PCI-compliant but you also avoid paying non-compliance fees from merchant account providers by being non-compliant. You can be charged up to $40 per month if you are non-compliant.
Top 7 Things to Look for in Choosing a Payment Processor
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...
Top 4 Benefits of Having a Great Payment Processor
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.
Merchant Services: How to Choose the Best Provider For Your Business
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.
How Setting Up e Check Services Can Help You
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.
How are eChecks and ACH Different from Each Other?
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....