iStock-539982674-1

CrossCheck Blog

Check Processing & Payments Information

Tom Lombardo

Recent Posts

Auto Aftermarket Entering Bull Territory

on Sun, Sep 27, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Auto Aftermarket
Auto aftermarket owners and managers who focus on personal service, deep knowledge, and instant delivery have seen profits rise and market share expand, according to the Motor Equipment Manufacturers Association (MEMA). And it's not just the big corporations winning. AutoZone, Advance and O'Reilly control only 40% of the auto aftermarket. As a group their recent stock performance put them in the top ten in a field of 197 industries, and analysts expect them to continue enjoying 10% or better earnings growth through 2017.
Read More

Criminals Make Auto Dealer Prioritize Check Acceptance Policies

on Sat, Sep 26, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Check Fraud Auto Dealerships C.A.R.S.
In 2012, a Chicago area man plead guilty to writing twenty-four worthless checks to auto dealerships, including ones in Illinois and Wisconsin that lost over $70,000. And he's at it again. 
Read More

Only One in Four Merchants Ready for EMV Credit Card Switch

on Fri, Sep 25, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments |
A survey of 2.42 million merchants found that only 27% of them expect to be EMV-ready on October 1. That's not what regulators and the industry expected -- especially because, on October 1, merchants without the new technology will become liable for credit card fraud.
Read More

As EMV Credit Card Processing Deadline Approaches, Fraud Explodes

on Thu, Sep 24, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments |
According to the latest fraud study done by LexisNexis, brick-and-mortar merchants have have seen a 25% spike in fraudulent credit card purchases in the past twelve months alone.
Read More

EMV Deadline Fast Approaching - October 1, 2015

on Wed, Sep 23, 2015 @ 10:49 AM By | Tom Lombardo | 0 Comments |
On October 1 merchants who can't accept the new EMV chip-embedded credit cards will become liable for credit card fraud occurring at their business.
Read More

Specialty Retailers Ramp Up Sales Psychology for Year's End

on Tue, Sep 22, 2015 @ 09:18 AM By | Tom Lombardo | 0 Comments | Retail
It's possible that researchers at Carnegie Mellon have gotten a little carried away with their analysis of sales psychology. They took brain scans while people were shopping and found out that when they decide to buy, their "insular cortex" activates: 
Read More

Dental Clinics Take the High Road

on Mon, Sep 21, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Dentists
Dentists may hold the key to a fundamental shift in American's perception of health care, and dental clinics that go out of their way to appeal to this new perspective stand to expand and increase their profitability.
Read More

Funeral Home Industry Finds Great New Ways to Expand

on Sun, Sep 20, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Funeral Homes
Having a hard time charging $10,000 for a funeral? Try charging $30,000 instead -- but for a wedding. According to Fortune many communities have too few wedding venues, and funeral directors that create a space for celebrating life and love meet this need comfortably.
Read More

Four Strategies Retailers Must Know Before the Holidays

on Sat, Sep 19, 2015 @ 01:00 PM By | Tom Lombardo | 0 Comments | Retail
Want outlandish success this holiday season?
Read More

Heavy Equipment Dealers and the Federal Reserve

on Sat, Sep 19, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Heavy Equipment
When trying to polish their crystal ball to divine how the Federal Reserve's meeting next week might affect the heavy equipment industry, most pundits focus on the capitalization rate in real estate. Since it's a basic ratio measuring the yield on a real estate investment, it changes constantly with market forces.
Read More