Let’s face it, as entrepreneurs we’re typically spread thin and lean heavily on specialists to help us fill the gaps in our expertise on specific functions of our business. Emphasis on getting our product to market in the shortest time-frame often means thorough vetting of potential vendors is left for a later date. The problem with this model is that [...]
With the continued rise in data security breaches, merchants are on the lookout for a secure payments solution that will shield them from liability and fraud. One solution for stands out as the “New Standard” for card data acceptance. The process of Point to Point Encryption (P2PE), encrypting the card data at the point of sale, and tokenization, which replaces the card data with an irreversible [...]
Let’s face it, understanding the cost structure proposed by most payment processors can be a daunting task. In fact, most businesses that accept credit cards for payment don’t really understand everything they are being billed for. This is by design. By creating complicated pricing structures, downgrade tiers and binding contractual terms, the payment processing industry is notorious for attempting to confuse the [...]
For the mobile workforce, efficiency is key. Every aspect of fiction must be addressed and managed properly in order to scale operations while optimizing opportunities to provide a positive user experience. One does not have to look far to find industries that have been completely disrupted by leveraging technology, secure payments and unique business models that have harmoniously streamlined the [...]
Some say that Payment processing is a commodity and variables that set one payment vendor from another are becoming blurred. This is overwhelmingly true for payment vendors that primarily promote stand-alone hardware for accepting payments. But, what about integrated payments? If payment processing is embedded into another application, how does it improve the user experience? And, how many payment processors have an established model, secure processing technology, and the [...]
From the first glance at this innovative mobile payment solution, one can quickly recognize the disruptive force this platform would have in the payments space. No one can disagree that Square carved out a unique niche market by successfully eliminating the friction traditionally found in accepting payments. The model worked perfectly in markets traditionally underserved, but what about Healthcare? Is [...]
EMV is here. We’re all using it at Target and other “early adopters” that demanded the added security features of EMV acceptance. Yes, it’s different and the transaction takes longer. No one really likes it. But, this technology was created for a specific reason; reduce fraud. Does it work? Download our Credit Card Processing 101 eBook to learn more [...]
As a medical provider, it is imperative to have the best healthcare payment processing solution so you can properly secure the future patient responsibility. As reported by the Kaiser Family Foundation the average annual out-of-pocket costs have increased 230% since 2006. With no end in sight for the growing patient responsibility, it is easy to see whose repsonsibility [...]
