Credit Card Processing Blog

Despite the fact that Android is the dominant mobile operating system, solutions seem to be consistently geared toward iOS. If your business runs on Android tablets and smartphones, finding the best payment processing service can be challenging, since some providers’ mobile options are compatible solely with iPhones and iPads. As Android tablets have grown in popularity, however, this trend has begun a gradual shift. Today’s merchants have a wide variety of options for their virtual terminals. Here are some tips for setting up your Android tablet to serve as your in-store POS. Android-Based Virtual Terminals For a more comprehensive solution, a merchant should shop around for an all-in-one virtual terminal solution. An Android virtual terminal includes a cash drawer and credit card reader, as well as a receipt printer and PIN pad. This offers a business the professional POS setup it needs. In some cases, additional mobile devices can be added to the system to help with handling in-store customer volume. Another option for businesses is to set an Android tablet up with a swivel base that allows it to… Read more

As tax time approaches, retailers are preparing to deal with all of the paperwork that comes with filing. Even businesses that use a tax preparation service are forced to gather sales data for accountants to use to complete the necessary forms. Most merchants pay taxes on a monthly or semi-weekly basis, which means the big tax deadline is just a system of checks and balances. If you’re shopping for a POS for your business, now is the time to consider a system that will do part of the work for you. For existing systems, modules may be available that will connect your POS to accounting software that will help. Your register is tracking purchases anyway, so why not put that technology to use to help you with your taxes? Integration Options While POS software can calculate sales tax and offer reports for tax purposes, a retailer needs more robust tools for handling tax filing. For the widest range of options, most merchants will need to find a solutions provider that offers integration with one of the more popular tax software… Read more

Credit card fraud cost businesses $11.27 billion in 2012, according to the Nilson Report, including the cost of lost merchandise and chargeback fees. As criminals have become more sophisticated, businesses are challenged to protect themselves, catching fraud early to avoid costly losses. If businesses can learn to spot a bad credit card number from the beginning, they can turn suspicious purchases away and avoid problems. But how does a business reduce fraud without turning away valuable income? Spotting credit card fraud has become even more complicated in an era of card-not-present transactions, where businesses can’t verify signatures or check IDs of customers. There are a few ways credit card fraud can be detected, both in store and over the internet. Here are a few tips for detecting fraudulent transactions at the point of sale. Use Verification With Address Verification Service (AVS), the billing address of the customer is compared with the billing address entered online or given by phone. If the two come back as a mismatch, the transaction is declined. While some address mismatches can be due to customer… Read more

A businesses Point of Sale (POS) system is the heart of its operations, processing payments and tracking purchases. Whether a POS is installed in a storefront or attached to a on online store, it’s important that it has the right features to help a merchant maintain its commitment to customer service. Many retailers are discovering the benefits that the right POS solution can bring to other business areas, as well. When integrated with other systems, daily transaction information can be input directly into an organization’s accounting software, CRM, HR management solutions and more. By connecting these systems, a business can streamline operations, removing process to save time and money. Inventory Through POS The best tool for tracking a business’s inventory is its POS. The right processing software ties in with a business’s inventory, removing an item as it is purchased. Many of today’s brick-and-mortar stores also have online presences that require updated inventory lists, as well. Thanks to big-box retailers, customers are growing accustomed to being able to search a business’s website for an item and learn how many are… Read more

Despite the emergence of NFC-enabled payments, cash still remains a relevant player in today’s consumer market. For low-dollar purchases especially, consumers still prefer to pay cash, despite the fact that most retailers have no minimum spending limits on credit card usage. If a purchase’s total comes to only one or two dollars, cash payment is especially likely, even when a customer is earning reward points or cash back for each dollar spent on a credit card. As consumers begin to enjoy the convenience of credit card payment by smartphone, however, the shift away from cash may continue. By just holding a smartphone or smartwatch near a reader, consumers can pay for items without even extracting a wallet. Along with several other benefits, credit and debit cards are continuing to win the payment war. 1. Convenience At one time, cash seemed to be the easiest way to pay at the register, since personal checks required a great deal of writing and credit cards had to be copied using an imprinter machine. As that technology evolved, it became easier for customers to… Read more