Should You Use a Virtual Terminal Credit Card Processing
If you own a business, you might wonder if you should be using a virtual terminal for credit card processing. This depends on how you do business: If you most of your sales take place in a store, then you might need a countertop credit card processing terminal or POS system at your brick-and-mortar location. […]
How ACH Payments Work
ACH payments are electronic payments made through the Automated Clearing House (ACH) Network. They are a popular alternative to paper checks and credit card payments because of the benefits to merchants and consumers: everybody involved gets to save a little money and automate payments (which means fewer errors and less hassle). If you’re thinking of […]
What is the Difference Between a Payment Processor, Payment Gateway, and a Merchant Account
Are you a seller who’s ready to go online? For many new online merchants it’s a very cumbersome and difficult process to understand e-commerce. They often fail to understand the basics of ecommerce and consequently face problems in setting up their online businesses. The core items you’ll need to configure (or find) as an ecommerce […]
Is Mobile Wallet and Payment Industry Headed Towards Consolidation?
Mobile wallets have been one of the primary beneficiaries of the increasing digitalization of payments. The demonetization drive brought in an early Christmas for the wallet players last year, with the leading e-wallets declaring an unprecedented increase in the number of users and transaction volumes. Besides, there are over one billion mobile connections and six […]
The History of Mobile Pay
Currency has been evolving for thousands of years. People began exchanging goods and services using the barter system but eventually switched to coins as a matter of practicality. Today, we primarily use cash and credit cards, but mobile payments are emerging as a convenient new way to pay for goods and services. The mobile payment […]
Mastercard Gets Vocal on VocaLink, Kroger, Masterpass
A rise in consumer spending, broad-based across several geographies, helped Mastercard beat Wall Street estimates for the second quarter. The company announced news on Thursday that earnings for the quarter came in at $1.10, while Wall Street had expected $1.04, and the bottom line edged the Street at $1.28 billion; analysts had seen $1.1 billion. […]
The Difference Between Wireless and Mobile Credit Card Processing
Wireless and mobile credit card processing are both payment processing solutions that continue to improve with rapidly evolving technology and business strategies. Though both services allow merchants to take their business out of the traditional brick-and-mortar facility and process credit card transactions at nearly any location, there are differences between them. Wireless credit card processing […]
Integrated Payment Processing in QuickBooks 2017
QuickBooks 2017 allows for integrated payment processing. The Payments preferences provide several check boxes and links you can use to control the way QuickBooks handles payments. The Receive Payments check boxes, for example, let you indicate that you want to automatically apply and automatically calculate payments, as well as use the Undeposited Funds account as […]
Emerging Trends in Mobile Payments Processing for 2017 & Beyond
Mobile devices handle everything. From online shopping, to errands and paying bills. Just name it, your mobile devices can complete everything within seconds. It’s just a click away. Businesses have been wise to make the use of the mobile for as many payments as possible, because these devices travel with us everywhere. Consumers need not […]
For Restaurants, Pay-at-Table Devices Are a Chance to Catch up With EMV
As the second anniversary of EMV’s official debut in the U.S. approaches in October, it’s a good time to review what’s happened over the past two years. The U.S. Payments Forum estimates that as of late March, banks (as well as American Express and Discover) had issued some 600 million chip cards. MasterCard and Visa […]
