Earlier this month, Inc.com contributor writer Ryan Jenkins reported: that by 2020, Millennials will control an estimated amount of $7 trillion in liquid assets, and are expected to generate nearly 46 percent of all U.S. income by 2025. Research shows that in terms of consumer spending, Millennials are credited for spending more money online in a given year than any…
It’s exciting when a new customer places a large order and the credit card goes through without a hitch. Things aren’t so wonderful the following day when a chargeback takes place because an unauthorized individual used credit card data that was obtained by fraudulent methods. In order to protect yourself and others from this type…
Congrats on purchasing a parking garage as an investment! Assuming the garage is in a part of town that has little in the way of street parking available, you’ve got the chance to make a hefty net profit each month. You can maximize those profits by thinking about installing self-service payment terminals at the exits. Here…
When it comes to accepting credit card payments as a small business, there are many gains. Some of these benefits, as listed by Small Business Trends, includes (but is not limited to): 58% of small businesses are asked by customers to accept credit cards, on a regular basis. By 2017, credit card purchases are expected to rise…
Fintech, that term that is a hybrid of financial services and technology, is rising up to transform the way of how we think about and use money. As a financial services sector that emerged earlier this century, it originally was concerned new technology that was utilized to the back end operations of established financial institutions.…
MasterCard released their latest EMV data earlier today. Since the EMV liability shift in October of 2015, nearly 80 percent of U.S. consumer credit cards are currently chip-enabled. And, there are also roughly 1.7 million active EMV terminals in their network, which accounts for 30 percent of the U.S. merchant population, resulting in a 374…
Numerous services are out there to help make your retail shop run more smoothly. One of those services is a point-of-sale (POS) system. This is software that works with your receipt printer, cash drawer, and credit card reader. It automatically updates your store’s inventory so that everything is up-to-date, and you never have to wonder…
Aren’t entirely sure what industry you should dabble into and start a new business? Today’s most profitable industries may come as no surprise, however, here are some nifty facts and stats revealed by CBS Small Business Pulse.
If you are looking to get a credit card, you probably have heard of both secured and unsecured credit cards. A secured card requires you to pay an amount up front that will become your credit line. You are essentially using your own money to get credit. An unsecured card uses an account of credit…
Check out this awesome animated infographic created by LendingTree, which illustrates how EMV chip cards work. Enjoy and Happy Processing!