“Business Tips” Posts

What Every Retailer Needs to Know About POS-Integrated Payments

What Every Retailer Needs to Know About POS-Integrated Payments

Complete error-free sales and accounting reporting. Faster recording of data from multiple payment sources. Hassle-free account reconciliations. These are the solutions that retailers crave every day. And here’s the good news: you can achieve all that with the help of integrated payments. Integrated What? Okay, let’s define it – what exactly are integrated payments? In brick-and-mortar stores, integrated payments is the system you implement to align your POS system with your Payment Processor or accounting software so that data seamlessly flows from the former to the latter. When implemented correctly, connecting your POS with your payments solution can offer…

Evolving Your Retail Credit Card Processing to Meet the Needs of Your Business

Evolving Your Retail Credit Card Processing to Meet the Needs of Your Business

While it might seem that a credit card processor is simply a means for collecting and receiving payments from customers, your choice of provider can impact your business in all sorts of other ways. Depending on your business needs, here are some key things to look for in order to find the best credit card processor to meet your unique requirements. Do You Sell Subscriptions Or Other Types of Regular, Ongoing Sales? Look for a Solution With Recurring Billing While subscriptions and other ongoing billing models are a great strategy for retaining business and growing loyalty, it can be challenging…

5 Best Practices for POS Credit Card Terminal Security

5 Best Practices for POS Credit Card Terminal Security

Maintaining a secure business doesn’t just benefit you; it also benefits the customers who frequent your business and pay for your services. Simply locking your cash drawer isn’t enough if you accept credit card payments. Fraud costs businesses and consumers alike. According to the Federal Trade Commision, consumers reported over $744 million in fraud complaints in 2016. These complaints can impact the buyer perception of businesses that are breached or neglectful of fraud occurring on their premises. By implementing a device security protocol, you can stay on top of your business’s PCI compliance and actively prevent fraud.…

3 Ways to Take the Pain Out of Electronic Payment Processing

3 Ways to Take the Pain Out of Electronic Payment Processing

It’s getting harder to ignore the lure of offering customers electronic payment processing: with steady year-over-year growth, e-commerce is expected to become the largest retail sales channel in world within the next few years. But while the convenience of shopping online might be one of the factors fueling the need for electronic payment processing, for merchants, accepting payments remotely can seem anything but. Electronic payments refer to all non-cash payments that are processed online, including credit cards, debit cards and ACH (Automated Clearing House) transactions. Such payments have a few requirements: you’ll need to be able to securely…

Why Your EMV Card Reader Should Take Contactless Payments

Why Your EMV Card Reader Should Take Contactless Payments

In 2015, the United States saw a major shift in consumer payment methods from traditional magstripe cards to EMV-chip cards. This transition is referred to as the EMV liability shift. With the majority of U.S. consumers now paying with chip cards, the next wave of technology is about to roll out: contactless payments. In 2017, major card brands started issuing EMV-contactless cards to consumers in anticipation of this upcoming payment-culture change. Businesses processing credit cards should be prepared for this change as more and more consumers opt for EMV contactless payments. Before we jump into the why, let’s…