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.…
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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…
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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…
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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.
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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…
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Check out this awesome animated infographic created by LendingTree, which illustrates how EMV chip cards work. Enjoy and Happy Processing!
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The vacation industry has long known that allowing consumers to pay for big-ticket items with a credit card is likely to increase sales – on everything from airfare to hotels, tour guide services and more. So what happens if your business has to set deadlines for refund requests? This is the situation for many cruise…
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Accepting major credit cards provides your customers with more convenient options to pay for purchases. What it also does is create a potential issue with the unauthorized used of credit cards by unscrupulous individuals. Along with triggering financial issues for the actual cardholders, it also can wreak havoc with your revenue stream. Here are some…
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A recent survey conducted by the NRF (National Retail Federation) in May and June reveals that: “48 percent of retailers have already implemented the new EMV payment system, or expected to have done so by the end of June. A total of 86 percent expect to have EMV up and running by the end of the year.…
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Payments is a very complex industry in the financial services world. The traditional payment processing workflow has unfolded itself through new technologies to reveal a variety of opportunities on the digital horizon. Here are some recent emerging trends in the payments industry. Turbulence and Acceleration Often change is turbulent, and the change in the payments…
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