Category: merchant services

The Justification for Credit Card Surcharges: A Deep Dive

The recent court decision in Canada that now permits merchants to impose credit card surcharges has sparked heated debates in online communities like r/Canada, r/PersonalFinanceCanada, and r/Ontario. Many of these discussions have targeted merchants, with the assumption that surcharges are simply a way for them to double dip since credit card fees are likely already […]

Why does a small business need to provide all this paperwork?

Understanding AML and KYC in the Payment Industry The payment industry is continually evolving with technology advances, aiming to make transactions seamless and secure. Among the essential aspects in this domain are Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols. These are pivotal in maintaining the integrity of financial institutions by curbing illicit money […]

Omnichannel: Bridging the Digital and Physical Shopping Experience

The modern shopper has transformed, and with it, the world of commerce. Today, the line between online and offline shopping is not just blurring, it's practically disappearing. The recent 2023 Carat Insights report from Fiserv offers a comprehensive glimpse into this transition, revealing a future where experiences straddle both the digital and physical realms. The […]

The days of accepting checks are coming to an end.

The Case Against Paper Checks: Protecting Your Finances in 2023 In today's digital age, it's easy to assume that everyone has moved past traditional forms of payment like paper checks. However, recent data suggests that many people still use them, albeit at a risk. An article from the Los Angeles Times, dated July 15, 2023, […]

Is Congress Going to Kill Credit Card Rewards?

Credit card rewards have been the crown jewel of the credit card industry for years. From frequent flyer miles to cash back, these perks incentivize consumers to spend, and often, to remain loyal to specific credit card brands. However, a recent article from NerdWallet has brought to light the possibility of Congress playing a significant […]

Discover CEO Roger Hochschild resigns

Discover CEO Roger Hochschild's Resignation: The End of an Era In a surprising turn of events, Roger Hochschild, the CEO of Discover Financial Services, recently announced his resignation. His departure marks the end of an influential tenure, which has seen Discover grow in various dimensions, further establishing its position as one of the leading financial […]

What is FedNow?

It's an exciting time in the financial world. The Federal Reserve is shaking things up with its introduction of the FedNow Service. This innovative instant payment service, aiming to operate around the clock, seven days a week, is set to significantly change how transactions occur, affecting credit card processing and providing potential benefits for small […]

Latest Article

In the complex landscape of business financing, merchant cash advances (MCAs) stand out as a unique and often controversial option. Primarily aimed at businesses in need of quick funding, MCAs offer a lump sum of money in exchange for a portion of future credit card sales. Understanding the nuances of this financial product is crucial […]
Understanding Level 3 Credit Card Processing: A Key to Cost Savings in B2B and B2G Transactions In the world of business transactions, particularly those involving B2B (business-to-business) and B2G (business-to-government) sectors, the concept of credit card processing levels plays a crucial role in determining the costs a business incurs. Among these, Level 3 credit card […]
Staying Ahead in eCommerce: Embracing New Payment Trends In the rapidly evolving world of digital commerce, staying current with payment trends is crucial for eCommerce merchants aiming to boost sales and streamline their checkout processes. The payment landscape has dramatically shifted from the days of limited options like credit cards. Today, customers demand a plethora […]
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