Credit Card Processing Blog

In recent years, cloud computing has played a leading role in shaping the technology industry. In less than five years, businesses have more than doubled their annual spending on cloud computing. With this type of technology now driving more than $100 billion in spending a year, it's no surprise the cloud is influencing how business is being done across a wide range of industries. If you're looking at point of sale solutions for a new a business or are reevaluating your current POS technology, you've likely seen at least a few options that emphasize their use of the cloud. Since this often raises a variety of questions for businesses, we want to dig a little deeper into what a cloud-based POS has to offer, along with looking at a few potential issues. 4 Advantages of Using a Cloud-Based POS A big part of why payment processing and many other industries have made significant investments in moving to the cloud is that it offers some pretty major advantages. For a POS system, functioning on the cloud provides data backup and redundancy. Whether a… Read more

When you first start a new business, it's easy to keep track of where every dollar is going. But as the business starts to grow, it becomes more challenging to maintain insight this granular. The maturity of a business means the numbers you care about the most can change. While getting a grip on all the data a business generates can be challenging, it's essential for making informed decisions about almost all aspects of the business. That's why we want to highlight five different reports that can help you understand how your business is currently doing, as well as what direction it's headed in the future. 1. Sales Since sales are the lifeblood of any business, sales reports are a great starting point for understanding how things are going. While it's a good idea to look at the overall numbers, what you really want to do with this kind of report is dig into the specifics. From knowing which items sell best, to knowing how sales compare on different days, having access to this level of information in your sales… Read more

The Internet and social media have made consumers more empowered than ever before, changing the dynamics of many industries. Instead of depending on a salesperson or piece of company literature to learn about a product, it only takes people a few minutes to go online and get a truly candid scoop about any product they're considering. In addition, consumers have more options than ever before. Most companies can no longer depend on positioning themselves as the only option in any market. The awareness that has come along with the growth of the Internet means that most consumers are going to know about a company's competitors. So if a company wants to win someone's business, they need to provide a great product and superior experience. So, how can companies differentiate in order to stand out? A lot of the customer experience happens at check out. Improving the payment process makes a big difference and as consumers become more savvy and aware, the bar for what they expect from a payment experience has gotten higher. When you're thinking about how to handle or improve… Read more

Payment Card Industry (PCI) compliance is a topic that's important for businesses of all sizes. However, what's required of larger businesses is much different than what's required of smaller businesses. If you want to make this issue a priority, but aren't exactly sure where to start, you're definitely not alone. This is something that plenty of businesses struggle to get going, so we've put together a helpful list of steps that will help large businesses achieve and maintain PCI compliance. 1. Start with a Risk Assessment The best way to understand what your business really needs to nail down in regards to processing payments is through a risk assessment. By conducting a risk assessment, you'll be able to identify the issues that pose a threat to your business. Knowing about these risks instead of having them remain unknown will allow you to fully understand them and then take the right approach to mitigating them. 2. Know Your Scope There are a lot of different elements of a larger business that may have an impact on how secure cardholder data is at… Read more

There's no shortage of innovation that takes place within the payment processing industry. While it's interesting to keep an eye on what's being developed, a lot of new developments fail to make any type of huge splash on their own. However, they often do have a noticeable impact as part of a larger trend. If we look across the current payment landscape in 2017, digital wallets fit that description perfectly. Although it seems like countless companies have thrown their hat into this ring, none have walked away as the clear winner. But, because so many big players have put significant resources behind persuading consumers to use digital wallets, the idea of paying in person without using cash or even a card is no longer out of the ordinary. Instead, plenty of consumers have really embraced the idea of being able to leave their physical wallet at home, knowing that they can just pull out their phone if they need to make a purchase. This type of behavior has become especially prevalent among millennial consumers. Millennials Are Leading Users of Digital… Read more