Payment Card Industry Compliance, or PCI compliance, is vitally important to anyone accepting payment through credit card, in order to avoid fines and protect customers. The PCI security standards council (PCI SSC) was set up to ensure that all customers' data is stored properly and encrypted to protect the integrity of your business, and the safety of your customers.
Do you love to travel? Do you carry a huge balance? Do you enjoy earning cash back on everything you purchase? There's a credit card for that. Actually, many, many, many of them. If you have a mailing address, you're well aware that you have options galore when choosing the right credit card for you. Out of all the credit cards out there, here are the three most commonly used credit cards in the United States, based on consumers' search patterns and the number of applications.
Both men and women today are capable of starting and running highly successful businesses. However, despite the success of both male and female-run businesses, there are many differences between the two, beginning with the reason men and women start businesses to the management style to the ultimate goals of the business.
While these differences between male and female-run businesses certainly don't always apply to every business, several studies, including studies from the SBA, have reported significant differences inherent in many of the businesses operating today.
The future of shopping has arrived with the help of Amazon Go. Thanks to this new innovative shopping technology, Amazon has literally made shopping easy for its Prime members and it's expected to expand up to 3,000 stores by 2021. These innovative stores require no checkout. Prime members can now go to these stores and pick up the items they want without talking to anyone. All they have to do is walk into an Amazon Go store and the technology automatically charges the payment method they have on file in their Amazon Prime accounts. The best part about Amazon Go is that it has much you can leverage. Here are a few key benefits of using Amazon Go:
The most common form of credit card processing pricing is the tiered option. Depending on the nature of the transaction, the applicable fee can vary greatly -- making cost forecasts exceptionally difficult.
But there's another option for merchants, and it makes projecting the cost of credit card fees a lot easier. It's called "interchange" or "cost plus" pricing, and it's growing in popularity around the world.
Are You missing out on new technology?
Artificial intelligence (AI) has leaped from the pages of science fiction novels into the marketing mainstream. Twenty-six percent of marketers say AI is the next big marketing trend, and it's clear to see why. Machine learning algorithms, predictive analytics, speech recognition apps -- big brands use these technologies to maximize their marketing. It's no wonder, then, that the global AI market is worth a massive $7.3 billion, according to one estimate. But just how can you this technology to grow your business?
Finding a trustworthy and affordable credit card processor can be extremely stressful. It can also cause quite a few headaches for modern business owners.
While there are reputable providers out there, it will take some time and effort to find the best of the best.
If you want to ensure that you find the right credit card processor for your needs, try to avoid the following.