A point of sale (POS) system is a computerized system that records and processes sales transactions at a retail outlet. A POS system typically includes a cash register, a barcode scanner, and a computer. The computer stores information about the products that are sold, the prices of the products, and the amount of money that…
Cash flow banking is a way of managing your money that can help you to save more and avoid costly fees. It works by moving your money into different accounts that offer different interest rates and benefits. This way, you can make the most of your money and keep it working for you. There are…
Almost everyone nowadays has a credit card. Credit cards have become so popular because they offer a lot of benefits to the user. For one, credit cards make it easy to purchase items without having to carry around a lot of cash. Additionally, credit cards also offer fraud protection and purchase protection, which can come…
Mobile payment trends are not the first talking points you might think of when thinking about 2020. The coronavirus has brought about many changes in the world, and brick-and-mortar and e-commerce businesses have had to adapt quickly to these shifts in terms of consumer behavior. It also includes how mobile shoppers pay when they buy…
Whether your business is in manufacturing, retail, or almost anything else, you’ve more than likely been enlisting the services of a B2B company, and as with most all things in life, there are many great ways to improve your B2B processing. These are the four tips we consider most important. Use Mobile Apps to Your…
So your customers want to pay with credit and debit cards, but you don’t have a merchant account. Make the shopping experience much easier for them. Get a merchant account and totally change the way that you do business. A merchant account is a business bank account used to accept different types of customer payments.…
To put it simply, the Cash Discount Program is an option for retailers to be able to reduce their current merchant services fees without having to increase overall rates. It’s essentially a way to adopt a fee for customers to cover these expenses while also providing a discount to the customers choosing to use cash.…
Payment Card Industry compliance refers to a specific grouping of standards that have been set up to help ensure that customer data is being secured uniformly throughout the industry. MasterCard, Visa, Discover, and American Express set up the Payment Card Industry Security Standards Council over 13 years ago in 2006 with a view to helping…
Feeling a bit overwhelmed with difficult-to-understand payment processing terms on a merchant services agreement? This glossary should help. Acquiring Bank: An acquiring bank is one that has a relationship with Mastercard and Visa, along with your own bank, and provides credit card merchant services. Also referred to as the clearing bank, acquiring banks are responsible…