You’ve heard of the gradual shift from cards sporting magnetic strips to EMV chips, but wonder if there’s any real rush. The fact is that this technology, named after EuroPay, MasterCard and Visa, is quickly becoming the norm. Along with keeping up with the times, the importance of being EMV compliant also extends to protecting…
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Every company should have a reporting system, but how centralized should your reporting system be? Determining the level at which your reporting tool should be centralized will depend on your business’s needs. According to Piyanka Jain’s article on forbes.com, there are 5 questions that you should ask yourself when trying to figure out the level of centralization…
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New small businesses are being created daily, which is why it is important to look out for trends that can benefit your small business to help you stand out from the crowd. Adam Toren wrote an article on entrepreneur.com that discusses the top 6 small business trends. Adam begins the article by pointing out how…
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You love your small shop and take delight in having things that your customers need. To make things easier for them, you accept electronic payments as well as cash. Most of the time, this works out well for you and for your customers. Now and again, the potential for credit card fraud appears. If you…
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Finances are one of the most important parts of a business. That is why it is so imperative to know how to manage them properly. An article on nibusinessinfo.co.uk gives 10 tips on how you can improve the management of your business’s finances. The first tip that the article provides is to have a clear business plan.…
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The potential for fraud is always present, but there are ways to minimize the risk. When it comes to paying for a cruise or even paying for purchases while on a cruise, clients like to know that the cruise line makes use of important safety features that protects them and their financial information. Here are…
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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…
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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…
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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…
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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…
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