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CrossCheck Blog

Guarantee Payment Processing Solutions

Fed Reports Credit Card Approval Dramatically Down From Pre-Pandemic

A recent study by the Federal Consumer Financial Protection Bureau (CFPB) has determined that the issuance of credit cards has declined significantly since the start of the COVID pandemic. According to the study, the success rate of credit card applications dropped from 45 percent in January 2020 – the start of the COVID pandemic – to approximately 30 percent a few months later.
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Closing Furniture Deals During End-of-Year Sales

It is common knowledge that furniture sales spike immediately after the holidays as stores slash prices in preparation of new styles and inventory that typically arrive in January and February. When store owners put out the large “For Sale” signs, tie balloons to their front façade (not to mention placing the occasional inflatable sky dancer in the parking lot), they are hoping for a rush so they can clear out the sales floor ahead of new inventory arrivals.
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Check Processing Made Profitable

on Wed, Sep 25, 2019 @ 09:45 AM By | Harrison Friedes | 0 Comments | CrossCheck Increase Sales
“I know check guarantee services are convenient, but how on earth can they be profitable?” I’m glad you asked. Check processing services save time and money, the guarantee factor mitigates the risk of accepting bad ones, and optional premium services can further increase sales. Together, this trifecta is the essence of “check processing made profitable” that may be summarized as follows: Check Guarantee Prevents Returned Checks Check Processing Means More Sales Check Acceptance Rates Matter
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