“Business Tips” Posts

Best Practices for Your Business’s Cybersecurity

Best Practices for Your Business’s Cybersecurity

Cyberhacking should be at the forefront of every business owner’s mind. According to IBM, companies face a 26 percent chance of a data breach in a 24-month period. And hackers are only getting smarter; data breaches reached a record high in 2016, according to the Identity Theft Resource Center. As a PCI Level 1-compliant Merchant Account Provider, we live and breathe security. Without adhering to the highest standards, we wouldn’t be able to serve our customers effectively. We believe every business should be secure to protect both its own interests and those of its customers. Here are our…

6 Green Technologies to Go Paperless at the Workplace

6 Green Technologies to Go Paperless at the Workplace

Green technology has experienced an undeniable uptick over the last decade. Investments in renewable energy reached $286 billion globally in 2016 and accounted for over half of all added power generated. Smart homes are catching on, enabling homeowners to be more energy efficient and Tesla, Inc. stock is enjoying a lofty price of $305.30 a share. With all this global investment in green technologies (and market indicators rewarding these initiatives), it’s not surprising that green solutions are also finding a welcome market at the workplace. The benefits for businesses are numerous, ranging from cost and space savings to…

How to Fight a Chargeback (and Win)

How to Fight a Chargeback (and Win)

Credit card fraud is bad for everyone but the fraudster. As a consumer, you might spot fraudulent transactions on your credit card statement that send you into a panic. You’re anxious to receive financial reimbursement, safeguard your identity and determine how your payment information was obtained. Businesses stand to face huge losses as well: They absorbed 38 percent of U.S. fraud losses in 2014, totaling $2.95 billion. If a business can’t properly fight the fraud, it takes the loss. The trend isn’t letting up. Monthly fraud attempts and the percent of revenue lost to fraud…

14 Successful Entrepreneurs Share Best Business Advice

14 Successful Entrepreneurs Share Best Business Advice

There’s not one right way to launch a business venture. Some believe the right advice and mentorship is crucial; others argue advice is often overly influenced by particular circumstances. When asked whether they wish they’d invested more time or money in their businesses, 60 percent of business owners said money according to a survey by The Alternative Board; however, monitoring cash flow is vital to survival. There are nuances given the industry, financial circumstances and market conditions that render a one-size-fits-all approach impractical. Though the adage that 50 percent of new businesses fail in the first year has…

5 Mobile Fraud Prevention Tips for Your Employees

5 Mobile Fraud Prevention Tips for Your Employees

Mobile fraud is reaching unprecedented levels, and users are vulnerable in numerous ways, including the following: Apps can redirect you to fake sites that download malware onto your phone or procure your private data by imitating legitimate and recognizable sites. Email scams lead to mobile vulnerabilities because many people access email on their smartphones. SMS phishing (or smishing) is the practice of sending fraudulent messages by SMS in an attempt to acquire personal or bank information. Text messaging is susceptible to “spear phishing,” where the fraudster finds out personal information about you via social media or other online sources and…