Switch Talk
Switch Commerce blog discusses industry news, terminal management, atm processing credit card processing best practices and new technology.
The mobile payment industry has seen tremendous growth in recent years, although the industry’s has been developing for much longer. Much of the heart of today’s mobile payment solutions was started in 2002 with MasterCard’s introduction of its PayPass system. PayPass allowed customers to tap their debit or credit cards to pay, and its popularity grew steadily over the years. Near field communication, or NFC, works in a similar manner to PayPass and is actually somewhat of a variant of PayPass. With large companies like Google and the most popular cell phone carriers jumping into the mobile payments world, the industry is poised for major growth. Read more
In today’s marketplace, consumers expect to pay with their credit cards in most instances. Even small businesses and fast food restaurants are increasingly accepting credit card payments. Over the Internet, it is essential to allow customers to pay with their cards online.
Many providers offer small business credit card processing, but the quality of service that you will get can differ widely depending on the company selected. There are some basic factors to consider when choosing a provider that can help you get the best value for your money. Read more
Getting Set Up For Retail Credit Card Processing
Most retail establishments accept credit cards from customers for merchandise purchases. Some tried to avoid this common practice, but people are using credit cards for more of their buying needs than cash or checks. The convenience afforded by a credit card is just one of the many reasons retail customers want to make purchases with a credit card.
Merchants are smart to take the retail credit card processing agreement very seriously because of the importance of this type of payment. Merchant services providers offer excellent packages for retailers of every size. Since the merchant account handles monetary transactions, there are some specific actions that must be taken to maintain a retail merchant account and remain compliant with the agreement. Even though additional effort is required, the importance of the integrity of the merchant account cannot be overstated because customer trust is essential to repeat sales. Read more
With the development of more robust technology, it’s a good time to compare mobile credit card processing technology to traditional credit card processing.
Faster, cheaper, lighter: words that spell out OPPORTUNITY to most businesses are exactly what is driving merchants to adopt mobile payment processing. As a merchant looking out for the best deal to accept credit cards, changes in payment processing technology may be pushing mobile credit card processing up on your “hot list”, but are you sure it’s the best option for your business? Read more
What if you could accept credit cards anywhere—no matter the market you visit or payment services offered by a given trade show organizer? Mobile credit card processing is the key to completing sales swiftly and cost-effectively, and if you’re an “event vendor” or traveling exhibitor, chances are you’re a candidate for a merchant account to accept credit cards on the road.
Mobile credit card processing makes retailing at product showcases make sense. When you travel with a web-enabled smartphone and your mobile swiper, any merchant can be armed to accept credit cards on-the-go. It’s a payment processing solution that means trade show merchants can bond with visitors and close sales wherever they roam; it means no more tethering staff to a booth or traditional cash register line out of fear of losing sales. Plus, you get to help customers before they have a chance to walk away from long checkout lines. Read more
If you’ve been in the ATM processing business a while, you may be feeling like the ATM ISO world has seen better days. Profits are not nearly like we’ve seen in the “good ole days”, especially in the face of the recession and credit crisis. Many can’t help but note how the cost of doing business has jumped, but we’re a resilient bunch—able to weather the current economic storm and come out on top by taking the initiative on a few key issues.
As it becomes more complicated to keep operational costs low, keep terminals compliant, and simultaneously thwart off high tech and low tech ATM thieves, let’s take a look at a few ATM ISO concerns and three tips for coming out on top in the ATM business today. Read more
