Archive for January 2018
Why is an Acquiring Bank Important for your Businesses?
A small online business can benefit in several ways from working with a acquiring bank. An acquiring bank has many functions, working with both multinational corporations and small businesses. For small businesses, an acquiring bank acts as a loaner and as a provider of merchant accounts and credit card processing. A purely online business however…
Read MoreWhat is ACH Origination?
Automated Clearing House Origination refers to electronic transactions that can be used to disburse payments in an efficient manner, and/or collect electronic receipts through direct payments within the United States. ACH Origination must be approved by a relationship officer, and once the account is in place, business customers can opt for automated recurring transactions at…
Read MoreHow to Convert “Window” Shoppers into Buyers
Window shopping isn’t just for malls. These days, we go ‘window shopping’ at online stores, especially if they have software that lets us ‘try on’ our purchases or take a 3D tour. Sometimes, it’s a key step in making a budget. Other times, it’s a distraction in the middle of a work day. How can…
Read MoreSelf-Checkout Systems Reduce Costs
Want to Reduce your Overhead Costs? Use Self-Checkout Systems to Accept Credit Card Payments. We all know it costs money to run a business. You have to pay your staff, buy raw materials, rent your premises, and keep up with your taxes. But did you know receiving payments can cost money? Depending on the payment…
Read MoreWhat is the Origin of Merchant Banking?
A merchant bank isn’t a regular bank. Ordinary banks – sometimes called retail banks – are probably what you’re more familiar with. They process your salary, hold your savings, offer mortgages, provide car loans, and issue credit cards. Merchant banks rarely deal with customers on an individual level. Instead, they issue capital to medium corporate…
Read More5 Security Precautions Online Business Owners Should Take
On this blog, we’ve often talked about the importance of cybersecurity, given the threat of data breaches, and the determination of hackers. However, there is another layer of security every data-using business has to take into account. This layer is not just defensive, but pro-active, because it takes into account a wider scope of threats…
Read MoreHow to Stay Safe Shopping Online this Christmas
Online Christmas shopping allows you to avoid the crowds, the agitation, and the stress of shopping for presents at the mall. But online shopping also has its drawbacks, because it comes with certain security risks. To avoid any type of financial misfortune this Christmas, here is a brief tutorial on how to stay safe while…
Read MoreHow to Accept Credit Cards Online, In-Store or Anywhere
Starting to accept credit cards can be a daunting process for some business owners, but it’s actually a fairly straightforward transition. There are many payment processors to choose from, each with their own rates, features and modes of doing business. Obviously you want to choose the company that offers the lowest rate, lowest fees, and…
Read MoreWhat is an Incident Response Plan and Do I Need One?
When dealing with cyberattacks, prevention is not enough. Companies can employ the best security measures, from employee training to state of the art antivirus software, and still suffer a data breach. It happens to governments, militaries, and Fortune 500 corporations. This means that mitigation has to be a part of your overall cybersecurity strategy. The…
Read MoreCredit Cards and ePayments: The Future of Small Business Payments
Nowadays, everything from the online craft fair vendor to the food truck accepts credit card and electronic payments. This is due to the technological advancements over the past 5 years, which have made it easier to process different types of payments. With card readers coming in all shapes and sizes, small businesses have unprecedented access…
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