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Brandes Elitch: Auto Industry Payments Expert

Posted by Harrison Friedes on Mon, Sep 16, 2019 @ 12:04 PM

Brandes Elitch is the director of Partner Acquisitions here at CrossCheck, Inc. Apart from that, he has years of experience being involved with the payments and automotive industries.

Elitch (on the right in the above photo) worked in cash management for a Fortune 500 company, consulted for bankcard acquirers, and has sold cash management services for major banks. He was the also the first cash manager at Charles Schwab and directed middle-market sales group at Wells Fargo.

His automotive experience includes being the owner of numerous collectible cars; attending well-known collectible car shows (e.g. Pebble Beach and Concorso Italiano); and authoring Lancia Loraymo and the Loewy Logic of Industrial Design, a comprehensive history of Raymond Loewy’s specially designed car.

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Tags: Brandes Elitch, Independent Sales Organization (ISO), Auto Dealerships

CrossCheck’s Lifetime Residuals for ISOs Can Change Your Life

Posted by Brandes Elitch on Wed, Jul 31, 2019 @ 07:45 AM

CrossCheck started in the check guarantee business way back in 1983. Checks ruled at the time, and nearly every merchant accepted them at the point of sale. Back then, in fact, many merchants did not take credit cards at all. This was due, in part, to the high cost of interchange and because processing a card transaction was much more complicated than taking a check.

Merchants had to put a bulky multi-part carbon form in a knuckle-busting sliding imprinter (aka “Zip Zap machine”), and then sort out the forms and send them out for processing. There is a reason why it was called a “knuckle buster.” By comparison, taking a check was pretty easy, comfortable, and familiar to merchants, and consumers commonly wrote them for purchases at the store.

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Tags: Independent Sales Organization (ISO)

2019 MWAA Conference Beckons the Acquiring Industry

Posted by Joe Gargiulo on Mon, Jun 24, 2019 @ 07:45 AM

The MidWest Acquirers Association presents the 17th Annual MWAA Conference on July 17 – 18 at the Renaissance Schaumburg Convention Center Hotel in metropolitan Chicago. ISOs and other members of the acquiring industry will have the opportunity to participate in a variety of inspirational activities such as seminars, keynotes, networking events, a cyber café, and a tradeshow featuring the latest in payments and value-added products and services.

CrossCheck's National Sales Trainer Todd Little and VP of Partner and ISO Relations Travis Powers are attending the conference to discuss the company’s longstanding tradition of lifetime residuals, upfront commissions and buy-rate programs for resellers. ISOs and other payments professionals may visit them at booth UE75 in the exhibit hall and enter a drawing to win a complimentary bottle of Sonoma County wine.

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Tags: Independent Sales Organization (ISO)

Electronic Payments from Start to Fintech at TRANSACT 2019: pt 4

Posted by Brandes Elitch on Mon, Jun 03, 2019 @ 10:00 AM

“Today is the slowest technology will be in our lifetime,” said Xerox President and COO Steve Bandrowczak in a Corporate Board Member article. “The pace of change will accelerate and leadership skills and leading through change are going to create a tremendous amount of winners and losers.”

His observation about speed should hold true in places where electricity and internet connections are commonplace while his insights on leadership sound like a corporate application of natural selection.

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Tags: Electronic Transactions Association (ETA), Independent Sales Organization (ISO)

Generating Bank Revenue with Merchant Referral Programs

Posted by Brandes Elitch on Fri, Mar 22, 2019 @ 06:45 AM

Of all the different components in the payments ecosystem, only one commands absolute trust among its clients — the banking industry. This is one of the main reasons why merchant referral programs are excellent revenue sources for banks.

After all, a bank is where you keep your money. No matter what form of payment you tender when you buy something, all payments begin and end in a demand deposit account. You know that whenever or wherever you access your bank — branch, ATM or online — it will be open and ready to serve you 7/24/365. You also trust that your statement will balance to the penny and be delivered on time. Aside from the banking industry, I don’t know of any other ecosystem that is 100 percent reliable.

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Tags: Brandes Elitch, Independent Sales Organization (ISO)

What is the Most Common Form of Payment?

Posted by Brandes Elitch on Wed, Dec 19, 2018 @ 02:25 PM

As an ISO/MSP, you are accustomed to people asking for advice about all the things happening in the retail payments space, including questions such as, “What is the most common form of payment?”

And you are probably accustomed to hearing things like:

  • No one writes checks anymore.
  • Cash is going away.
  • Everybody is using mobile payments now.
  • Soon we will have real-time payments for everybody.
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Tags: Brandes Elitch, Independent Sales Organization (ISO)

Acquiring Industry Gathers at the 2018 MWAA Annual Conference

Posted by Joe Gargiulo on Wed, Jun 20, 2018 @ 10:45 AM

The MidWest Acquirers Association will hold its 16th Annual MWAA Conference on July 25 – 26 at the Chicago Marriott Downtown Magnificent Mile, a popular destination with spectacular views of Lake Michigan and nearby points of interest. This two-day trade event offers a variety of activities to ISOs and other members of the acquiring industry: educational and networking opportunities, a lineup of qualified speakers, and a tradeshow featuring the latest in payments and value-added products and services. Read More

Tags: Events / Conferences, Independent Sales Organization (ISO)

2018 TRANSACT for Payments Technology Experts: Part Four

Posted by Brandes Elitch on Fri, May 04, 2018 @ 03:55 PM

In April, CrossCheck participated in TRANSACT 2018, the annual conference for the Electronic Transactions Association (ETA), a global trade association representing more than 500 payments technology companies. We were one of more than 200 exhibitors on the 50k square foot trade show floor. In addition, there were 40 educational sessions with about 120 speakers. CrossCheck has always been active in the ETA and we helped found its predecessor, the Bankcard Services Association, so we were present at the beginning.

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Tags: Brandes Elitch, Events / Conferences, Independent Sales Organization (ISO)

2018 TRANSACT for Payments Technology Experts: Part Three

Posted by Joe Gargiulo on Tue, Apr 03, 2018 @ 07:45 AM

Produced by the world's largest payments industry trade organization, the Electronic Transactions Association, TRANSACT is an annual payments technology conference for financial institutions, networks, payments companies, technology innovators and resellers of payments processing services. TRANSACT 2018 takes place April 17 – 19, 2018 at the Mandalay Bay Convention Center in Las Vegas.

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Tags: Events / Conferences, Independent Sales Organization (ISO)

2018 TRANSACT for Payments Technology Experts: Part Two

Posted by Joe Gargiulo on Tue, Mar 27, 2018 @ 10:20 AM

TRANSACT 2018 takes place April 17 – 19 at the Mandalay Bay Convention Center in Las Vegas, offering two and one half days of conference programming for the payments technology industry. The trade event is produced by the Electronic Transactions Association (ETA), the world's largest payments industry trade group.

TRANSACT 2018 features an exhibit hall, networking opportunities, business luncheons and dinners, galas and awards, seminars and keynotes by leaders in payments technology. Attendees include financial institutions, payment companies, FinTech, technology innovators and resellers of payment processing services.

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Tags: Events / Conferences, Independent Sales Organization (ISO)