For a business to achieve sustainable success, every aspect of the organization must be as efficient as possible. You can offer the best products in your industry and know how to advertise them, but unless you back it up with reliable business practices, you’ll struggle to make a dent in the market. This is particularly true if your payment strategy…
One of the main reasons why cash flow is a common issue in the trucking industry is that freight shippers and brokers can take up to 90 days to get paid after hauling a load. In the long run, this can be very inconvenient, since your expenses don’t come to a halt when a driver isn’t paid. Gaining access to…
In the payment industry, staying compliant is a core part of running a sustainable business. At the same time, the rules around data privacy, fraud prevention, and payment security are evolving constantly, and it can be hard to keep up with them. Over the past two years, 68% of merchants have had at least one payment-related compliance issue. Want to…
When it comes to payment processing, it’s very easy to fall into the trap of “good enough.” Since payments are such a critical part of daily operations, many businesses will stick with a provider that doesn’t meet their needs rather than risk disruptions. In the long run, this can erode your bottom line in many ways, from higher processing fees…
Credit card processing fees are a silent profit killer, especially in high-volume industries like trucking. But an increasing number of savvy trucking companies are taking back control by choosing to add a surcharging program. And if you’re using CDK Global’s software, you may already have everything you need to do the same. What Is Surcharging? Surcharging is the practice of…
By 2026, card fraud losses are expected to reach $26 billion worldwide. In recent years, one of the most effective avenues of attack has been a practice called carding, which can wreak havoc on your business quickly and quietly. Carding involves using stolen credit card details to exploit payment systems, usually by purchasing gift cards or attempting small online transactions.…
In today’s fast-paced and competitive market, payment analytics is one of the best ways to get a leg up on your competition. That’s because payment analytics metrics allow you to see your financial performance and customer spending patterns in real time. With this information, it’s much easier to make data-driven decisions that optimize cash flow. Of course, implementing this technology…
In a dynamic industry like trucking, many projects contain a variety of additional charges (also known as accessorials). Ideally, though, you still want to have the final invoice match the original quote as closely as possible. One way to do that is to be aware of the potential additional charges you may encounter and avoid them if you can. Looking…
Does your business accept credit card payments? If so, it will benefit from tokenization. In its simpler form, this security technique has been around since the rise of online shopping in the mid-90s. In 2014, we saw the emergence of modern network tokenization, with card networks starting to issue tokens to protect sensitive data and reduce the risk of data…
With the exception of some mom-and-pop retailers, there are very few businesses that don’t accept credit cards in 2025. Credit cards have long stopped being an element of convenience and have become an essential part of operational flexibility for most businesses. However, accepting credit cards does come at a certain cost, and we’re not only talking about monetary expenses. As…