As a consumer, credit card transactions seem deceivingly simple. You swipe the card or click the pay button, and a few seconds later, you get an order confirmation. What goes on behind the curtain, however, is quite a bit more complex. Read on to learn more about the key participants in credit card transactions and each stage of this process.…
AI may have once been merely a buzzword in logistics, but this is demonstrably no longer the case. Businesses are now using AI in many parts of their operations and supply chain practices. Trucking companies are particularly well suited to this approach, since they already have access to large swaths of data that can be used to get accurate AI…
DSI is the leader in surcharging for Dealer Management Solutions and in the heavy-duty truck space, with their surcharging payment integration dating back 4 years – way ahead of the competition. If you’re a commercial truck or heavy-duty vehicle dealer using DSI Solutions, there’s good news—you may already have access to a fully integrated surcharging solution that can help reduce or even eliminate…
The global pandemic impacted merchants in both positive and negative ways. On the one hand, online shopping saw drastic growth throughout the pandemic, a trend that continues even today. On the other hand, the world of online payment fraud evolved rapidly as well. As a result, more merchants now use advanced anti-fraud measures such as temporary holds. Not sure how…
These days, financial transactions tend to have a lot of moving parts. One of the key elements that some merchants forget about is the merchant category code (MCC). Despite being a relatively obscure concept, MCCs are essential to processing transactions and facilitating a smoother payment experience. Want to know more about the world of merchant category codes? Read on to…
According to Ipsos Consulting, 31% of small businesses charged a credit card fee to their customers in 2022. This was a notable increase from previous years, fueled by a behavioral shift among consumers who started increasingly relying on card payments over cash. Another factor behind charging credit card fees was the inflation eating into businesses’ profit margins. If you’re looking…
Visa and Mastercard are two of the most popular card networks in the world. In the U.S. alone, they make up over 80% of credit cards in circulation. Given that they also offer very similar capabilities, some people joke that the only difference between them is the logo. However, this isn’t quite true, particularly when it comes to their features.…
Earlier this month, we saw another chapter in the tariff gridlock imposed by the Trump Administration. After lifting a month-long pause, the U.S. implemented tariffs on Canada and Mexico, along with increasing tariffs on China by 10%. Read on to find out more about how this will affect the trucking industry and how your trucking company can respond. The Effects…
With the recent inflation rate, U.S. businesses are finding it harder and harder to compete on price. As a result, many of them have focused on other ways to differentiate themselves from the competition. One key area involves the quality of customer experience. The easier you make it for customers to interact with your brand, the more conversions you can…
Most trucking companies have no issues with physical security. Truckers don’t leave their keys in the truck, mechanics remember to lock up shop, and companies install fences around their property. When it comes to cybersecurity, however, many small companies don’t do as much as they should, despite digital risks being just as numerous as physical ones. Want to know more…