Are You Doing the Right PCI Self-Assessment Questionnaire?

PCI

Part of establishing PCI compliance and maintaining it year in and year out is filling out an annual PCI self-assessment questionnaire (SAQ). These questionnaires are designed to accomplish two goals: to help businesses identify weaknesses that need to be dealt with and to help prove to institutions that a company is compliant. But not all companies handle credit cards in the same way, so PCI has put together nine different versions of the SAQ. The difference in length and complexity between the shortest and longest versions is extreme – 22 questions versus 329. As a result, it’s important that companies select the proper SAQ for self-assessments because choosing poorly could result in under-analysis, or alternately, a lot of unnecessary work. Below is a quick review of each SAQ version to help with proper selection. 

Continue reading “Are You Doing the Right PCI Self-Assessment Questionnaire?”

Why You Should Offer Gift Cards to Your Customers and How They Impact Your Company’s Revenue

Gift Cards

Sometimes you just don’t have the time or personal knowledge necessary to purchase someone a truly personal gift, and in those instances, nothing beats a gift card. They’re kind of like cash, but not nearly as impersonal, and the convenience they provide for the giver and recipient makes them incredibly popular. But gift cards aren’t just good for your customers, they’re also good for your business, and they can impact everything from customer satisfaction to the health of your bottom line. Below are three undeniable reasons your business can’t afford to ignore these little plastic revenue drivers. 

Continue reading “Why You Should Offer Gift Cards to Your Customers and How They Impact Your Company’s Revenue”

4 Best Touch Screen POS for 2019

POS

From retail stores to restaurants and beyond, hardwired cash registers are giving way to flexible, mobile point of sale (POS) systems designed to make it as easy as possible for customers to pay and for employees and management to go about daily tasks like inventory management, stock ordering, reporting, and more. LightSpeed Retail, ShopKeep, TouchBistro, and Vend represent four of the best mobile touch screen POS solutions available in 2019, and below we’ll take a look at what makes each special and how much merchants can expect to pay to put each to work. 

Continue reading “4 Best Touch Screen POS for 2019”

Clover GO vs. Square – Which is Better for You?

Merchant Services

Square is almost synonymous with phone-based mobile payment processing, but Clover – a company owned by processing giant First Data – has been carving out their own chunk of the market and making a name for themselves with availability in retail settings like Sam’s Club. Each company offers a small card reader designed to integrate with all iOS and Android smartphones, and while the hardware is incredibly similar, there are enough differences in the software and fee structures to make doing a little research well worthwhile before choosing one over the other. Below we provide a quick analysis of where each option shines, where the two companies fall short, and which option wins out in the end. 

Continue reading “Clover GO vs. Square – Which is Better for You?”

4 Ways BAMS Can Improve Your Cash Flow

BAMS Can Improve Your Cash Flow

Strong positive cash flow is one of the single most important factors in maintaining a healthy business, and anything you can do to boost and protect it is worthwhile. BAMS has designed a number of solutions to help ensure our merchants always have the positive cash flow they need to keep operations running smoothly and growth increasing steadily. Those include financial solutions aimed at directly impacting cash flow, as well as technological solutions provided by the free access our merchants get to IRIS CRM – the leading customer resource management tool in the payments industry. The following are four of the top features BAMS offers to help you ensure healthy cash flow, representing just a few of the unmatched benefits of partnering with us.

Continue reading “4 Ways BAMS Can Improve Your Cash Flow”

Make Sure You Read the Fine Print with Worldpay – You Could Be Paying Extra Fees Unexpectedly

Worldpay Fine Print

In 2017, a class-action lawsuit was brought against Worldpay Inc. alleging that 200,000 merchants were overcharged with unexpected markups and additional fees. Worldpay settled that lawsuit for $52 million, but it’s recently come to light that, despite the settlement, Worldpay may not have changed the practices that led to that legal trouble in the first place. That’s putting some Worldpay merchants on edge, and making it more important than ever that merchants don’t skim over the details of the fine print, both to avoid unpleasant surprises, and to know when merchant charges have been levied inappropriately. 

Continue reading “Make Sure You Read the Fine Print with Worldpay – You Could Be Paying Extra Fees Unexpectedly”