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Will the New California Consumer Privacy Act Affect Your Business?

Posted by Brandes Elitch on Wed, Nov 27, 2019 @ 11:31 AM

The California Consumer Privacy Act (CCPA) is set to take effect on January 1, 2020, and enforcement begins a few months later, on July 1, 2020. The act was passed to give consumers who have been affected by a data breach, or are afraid of one, more control over their personal information. You may be affected if you do business there, or have customers, or even potential customers there, and it is likely that the effect will reach other states too.

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Tags: Check Guarantee

Merchants Using CrossCheck Services Help Consumers Avoid Debt Traps

Posted by Brandes Elitch on Wed, Nov 20, 2019 @ 07:45 AM

Recently, I saw a survey taken by CrediCards.com showing that large retailers offering new store credit cards have increased the interest rates on those cards substantially in the last few months. The article noted that this is particularly ironic as the Federal Reserve has lowered interest rates during this same period. This article demonstrates how merchants using CrossCheck services help consumers avoid debt traps.

This is what the survey found:

  • The average APR on store-only credit cards has increased to 27.52%.
  • The average APR for new co-branded store cards (that can be used at other stores) has risen to 23.39%.
  • The average APR for all retail store cards is 26.01%.

Like other things in life, these store cards have a good side and a bad side. First, the good.

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Tags: Auto Dealerships, Multiple Check

NRF Predicts Favorable Increase to 2019 Holiday Sales

Posted by Harrison Friedes on Mon, Nov 11, 2019 @ 09:45 AM

The 2019 holiday season sales are expected to increase over last year, the 11th consecutive year they have done so since the Great Recession of 2007. More specifically, according to the National Retail Federation (NRF), holiday retail sales during November and December are expected “to increase between 3.8 percent and 4.2 percent over 2018 to a total of between $727.9 billion $730.7 billion.” These trends mirror economic improvements in the stock market as well as unemployment rates, giving merchants one more reason to anticipate greater holiday revenue.

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Tags: Retail

What Auto Dealerships Say About Electric Cars

Posted by Brandes Elitch on Wed, Nov 06, 2019 @ 10:44 AM

Here at CrossCheck, we have been “all eyes and ears” in recent years over news about electric cars because our primary customer base is new car dealerships. Since we maintain an active dialogue with dealerships, we are well aware that CrossCheck and dealerships are fielding a lot questions about how we see the future of electric vehicles (EVs). Consequently, we thought it would be helpful to share a few opinions about how EVs will unfold over the next few years.

First, we pay close attention to the developments in this space, which is obviously critical to our business. Second, we want to “think like a customer” – our dealer merchants – and the dealers want to think like their customers – the car-buying consumers.

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Tags: Auto Dealerships, Remote Deposit Capture (RDC)

Check Machines

Posted by Kyle Escamilla on Mon, Nov 04, 2019 @ 11:11 AM

Check machines are a very common and often overlooked piece of technology used by merchants and other businesses today. Checks continue to be a preferred payment method for a sizable portion of consumers for certain purchases. Consequently, vendors should be equipped with check machines to streamline their check transaction process and mitigate the risk of bad checks.

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Tags: Check Guarantee, Electronic Check Processing

Top Veterinary Practice Management Software

Posted by John Baily on Thu, Oct 31, 2019 @ 03:04 PM

withTo many people, pets are seen as part of the family, so it's crucial for veterinarians to have the right kind of software to use in the treatment of these family members. Veterinary practice management software is generally the tool of choice today. In a large practice with hundreds of clients, it would be tough to effectively manage all of the patients without the help of first-class software packages.

Veterinary software is composed of a suite of applications and programs used by animal hospitals and veterinary clinics to effectively manage the treatment of their patients. Suites can include solutions for managing patient intake and discharge, accounting and payment processing, records management, dispensary, workflow, client communication and much more. The seamless integration of all aspects of a veterinary practice allows for a streamlined process and access to information across multiple locations.

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Tags: Veterinarians

Why Checks Are Still Relevant to ISOs

Posted by Brandes Elitch on Fri, Oct 25, 2019 @ 09:45 AM

CrossCheck, Inc. opened for business in 1983. In those days, almost every merchant accepted checks at the point of sale. Merchants that took credit cards were using a “knuckle-buster” with multi-part carbon forms to process a transaction. They put the card in the holder, ran the imprinter back and forth over it, extracted the forms, sorted them, and sent some to the bank and others to the processor.

Two years earlier, the card associations announced that transactions over $50 which were processed with a point-of-sale system would get discounted pricing. Early POS systems were priced at $900, which the average merchant could not afford. But something happened in 1982: Verifone rocked the merchant world with a POS terminal that cost only $125, the ZON. This changed everything.

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Tags: Independent Sales Organization (ISO), Auto Dealerships

CrossCheck’s Charles Dortch III Attending Auto Finance Summit 2019

Posted by Joe Gargiulo on Mon, Oct 21, 2019 @ 12:33 PM

Join CrossCheck’s Senior Vice President Charles Dortch III and other auto lending and leasing experts Oct. 28 ­­– 30 at the 19th Annual Auto Finance Summit in Las Vegas. The summit offers networking events, an exhibit hall with over 100 top industry vendors, 40-plus elite industry speakers, and session tracks dedicated to mobility and innovation to help inspire future lending and leasing strategies.

Attendees include prime and non-prime banks, credit unions, floor-plan lenders, thrifts, dealerships and other service providers. Over the years, the summit has hosted executives from nearly 200 lender companies including the top 25 lenders, making it the premier industry event of its kind.

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Tags: Auto Dealerships

When to Buy Auto Parts for Modern Cars

Posted by Brandes Elitch on Fri, Oct 04, 2019 @ 07:45 AM

No matter what kind of car you drive, at some point you are going to need to buy auto parts. A modern car can have a few thousand parts, of which about a third are moving and will wear out over time. Most of the time, these parts would be considered normal wear and tear, but sometimes not. You will need to buy auto parts at either a franchise dealership or an auto aftermarket store. Let’s start by taking a look at what you will have to replace if you keep your car for a few years or longer. (See the related article, "Where to Buy Auto Parts for Modern Cars.")

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Tags: Multiple Check

The Videos of CrossCheck

Posted by Kyle Escamilla on Wed, Oct 02, 2019 @ 06:45 AM

Videos can be a great method of captivating audiences with entertaining visuals. CrossCheck understands this value and works to produce a video whenever the opportunity presents itself. The company has produced a variety of videos over the years that shed some light on CrossCheck and the people behind it. Whether it is a recruiting video, a testimonial, or a fun video, there will always be some hint of CrossCheck flare in the content.

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Tags: CrossCheck