The rate of change in POS technology is a terrific assist for business growth. New payment technologies, innovative hardware and elegant software applications give merchant acquirers opportunities to strengthen relationships and increase retention. Launching a new product in merchant services requires some market-specific considerations. Consider these 7 steps:
What’s the fastest way to lose a merchant’s business? Equipment downtime. Never mind your competitive rates and good customer service. If broken equipment leaves your merchants dead in the water, they’ll be quick to jump ship.
Great software. Ideal fraud protection. A great cashier station. All these things are important. But what about the POS accessories? While these items are often considered “afterthoughts”, payment processing providers have an opportunity to win big with merchants by putting real effort into every aspect of a complete POS/back-office set
In the POS industry, change is accelerating, and this means retailers are turning over POS equipment faster than ever. For the most part, older equipment simply can’t keep up with EMV security requirements, new payment methods, and changing retailer preferences.
The payments industry has seen rapid evolution and disruption over the past two decades. Micro merchants are the newest influencer. This group of mostly single-person businesses was once too small to be served effectively by the payments industry. Today this segment of the market is too big to be
Payment service providers knows that new merchants are a priceless acquisition. Retaining these hard-won merchants is absolutely vital to your success in business. And yet, many PSPs find that managing merchant hardware, deployments and help desk support can be a major drain on their time, attention and money.
Today’s consumers are always on the go and the Quick Serve Restaurant, or QSR, business model is seeing a lot of growth. The restaurants that cater to this style of dining are always looking for technology that will help make their service faster, more convenient, and more efficient. Now, POS
For payment service providers, options for provisioning your merchants have never been better. POS solutions on the market today are overwhelmingly affordable, secure, and user-friendly. But at the same time, the field has become really crowded. With options from legacy manufacturers, tech startups, and everyone in between, it can
All businesses are required by law to be in compliance with the American with Disabilities Act (ADA). While most believe that maintaining this compliance is a simple task, many fail to realize that there are aspects of their business that they may be overlooking. With so many details throughout a
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