By next year, global online retail sales are expected to reach $9.4 trillion. Even so, many online retailers aren’t currently well-positioned to take a big slice of that pie. With the market growing at such an unprecedented pace, retailers must keep enhancing their workflows, improving their processes, and keeping up with customer demand to remain competitive. One approach that can…
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…
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…
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…
These days, QR codes are a fairly common part of the payment processing landscape. Their rise in popularity is a result of many factors, but may owe the most to the surge of digital payment technologies. With almost everyone owning a mobile phone, QR code payments have turned out to provide an ideal combination of speed, security, and simplicity. Not…
In recent years, the integration of new technology has been a major factor in the trucking industry. For a popular example, look no further than cameras on heavy-duty trucks. Thanks to the latest smart camera technology, truckers can gain new insights, capture more angles, and derive more operational value from video than ever. Why are smart cameras such a hit…
With millions of malware and phishing attacks reported in the world on a daily basis, many businesses are looking into ways to improve their digital payment security. One such technology that has made waves is called 3D Secure, a protocol designed to act as an additional security layer on online credit and debit transactions. Not sure whether you should invest…
S&S Volvo is a transportation company that has been in business for over 20 years. They offer a full line of new Volvo and Isuzu trucks, parts and service, leasing, and rental options. In recent years, they have seen a significant increase in the number of credit card payments they receive. This has led to an increase in their payment…
If you’re a small business owner, you likely have some passing resemblance with MOTO payments. These payments have been around for a while, and their original purpose was to serve as an alternative payment method for people who were unable to visit the physical store. Despite the rise in online shopping, MOTO payments remain in use today. Can your business…
Time to Upgrade Your Credit Card Terminal