The Best Way to Use Payment Data to Grow Your Business
The total number of digital payment transactions globally is expected to reach 1.5 trillion in 2023, up from 876 billion transactions in 2018. The payments market is huge. These trillions of transactions provide data that can be used to understand what has happened in the past and predict the future. Payment data analytics is about […]
Credit Card Processing for Insurance Firms
Insurance firms have increasingly been accepting credit cards as a convenient form of payment for their customers. Insurance firms, in the past, have been more cautious about accepting credit card payments, as they are often concerned about the associated processing fees. Despite this, since 2020, there has been a significant shift in the industry with […]
Credit Card Processing for Accountants and Accounting Firms
Many accounting firms accept credit cards as a form of payment. They have found that it makes it easier for customers, it speeds up collections, and it helps with reconciliation. Larger accounting firms have been more likely to accept credit cards as they have the resources and infrastructure to manage credit card payments securely and […]
How Merchants can Reduce Fraud in Credit Card Processing
Fraud in credit card processing is a significant problem that costs businesses and consumers billions of dollars each year. The exact size of the problem is difficult to estimate. Global card payment fraud is estimated to cost $32.34 billion in 2021 for merchants. That’s a staggering amount. In Canada, the Canadian Anti-Fraud Centre received fraud reports totaling […]
Which Industries are Adopting Credit Cards the Fastest in 2023?
Credit card processing is becoming more ubiquitous across various industries as cashless payment methods become increasingly popular. However, some industries are adopting credit card processing at a faster pace than others. Some merchants or industries are still slow to accept credit cards for several reasons. Some are concerned about high transaction fees. Credit card companies […]
Credit Card Processing for Law Firms and Lawyers
Law firms are service providers that operate in a highly competitive and regulated industry. Clients demand excellent service, prompt communication, and secure payment processing. The legal profession has been traditionally slow to adopt technology, but in recent years, law firms have started embracing credit card processing to enhance their operations. Benefits of accepting credit cards […]
B2B Payment Processing
The B2B (business to business) payments market globally was valued at over $900 Billion in 2022 and is growing at over 10% per year. It’s a big business. This article covers the definition of B2B payment processing, the difference between B2B payments and consumer payments, and the types of payments in B2B payments. What is […]
The Impact of Inflation on Merchants and Payment Processing
Inflation is a reality. If you’re finding it harder in 2022 to afford any of your business expenses, you’re in the same boat as many other businesses. Talking to small businesses, 92% of small-business owners have reported that their cost to run their business has increased in the past couple years. There is a general increase […]
Accept Credit Cards From Anywhere In The World
Credit cards have become the defacto method for people to pay, especially since 2020. Online shopping, curbside pickup, home delivery, remote payments, and self-serve checkout/payments have all drastically increased in popularity. Each of these payment types are best suited for credit cards. When you accept credit cards as a business, you want to make sure […]
Point of Sale Matters for Customer Experience
Global ecommerce is booming. People are completely comfortable making purchases on their computers or mobile phones. Some would think the aging population stays away from online shopping, but that is not further from the truth. They are some of the highest growth adopters of online shopping. It’s not only the large chains that are embracing […]