With digital transactions dominating the market, it’s more important than ever for merchants to understand the mechanics of credit card processing. This process involves many interactions happening between several players behind the scenes. One of those players is the merchant acquirer, which plays a crucial role in facilitating these digital transactions. Want to know more about the specific functions of…
In recent years, there’s been a lot of talk about the promise and the perils of artificial intelligence (AI), as well as what this technology could mean for businesses and individuals. At this point, AI is a major player in almost every industry you can think of, including transportation. Read on for six key ways the AI is helping transform…
With over 133 million active cards worldwide and an average annual spend of $23,500 per card, it’s no surprise that American Express has strict chargeback rules. For merchants trying to minimize losses and maintain a strong relationship with AMEX, managing these chargebacks is of crucial importance. Learn how AMEX chargebacks work and the best ways to handle them successfully. AMEX…
Does your business accept ACH payments? If so, the ACH network is critical to your processing system. It’s responsible for delivering social security benefits, direct deposits of payroll, and more. For the ACH network to function properly, it needs a governing body to ensure better risk management practices, efficient payments, and so on. This is where the National Automated Clearinghouse…
Most merchants accept the fact that payment processing comes with a cost. That said, when was the last time you took a closer look at your monthly invoice? If it’s been a while, you may discover that you’re significantly overpaying for this service. Payment processors can hide and inflate their fees in many ways, and not many merchants know what…
Pretty soon, hydrogen fuel cell technology will be a key player in the transportation industry, and Canada is leading the charge. Earlier this year, Walmart Canada became the first major retailer to introduce hydrogen fuel cell electric semi-trucks to its fleet. In this article, we’ll aim to explain why most trucking companies in North America should soon follow in their…
Credit card fraud has always been a serious issue, and it’s only gotten more serious in recent years. This type of fraud is now the most common form of identity theft, with more than 114,000 cases recorded in 2023 alone. The good news: credit card issuers are aware of this problem and are doing what they can to stop it,…
With the trucking industry adding a variety of new safety regulations, trucking companies that want to stay ahead must be prepared. Beyond simply being a regulatory requirement, driver safety is a major factor in the health of both your employees and your business. By prioritizing driver safety, you can lay the foundation for your trucking company to thrive. Want to…
According to McKinsey, digital platforms will mediate 30% of all global economic activity as early as next year. One force behind this trend is the increasing ability of these platforms to embed payments directly into their app or website. By eliminating the middleman (external payment gateways), digital platforms can now offer a more seamless customer experience. Want to learn a…
If there’s one thing all merchants want, it’s delivering a seamless payment experience to their customers. Payment links are another big step in this direction, as they allow you to simplify this process into just a few clicks. Read on to find out what payment links are, why your business needs them, and how to implement them. What Is a…