Over the thirty years we’ve been in business we’ve learned how to establish mutually beneficial long-term relationships with our clients. And like many successful service providers, we’ve refined our offerings to make sure that we provide exactly what they need as efficiently as possible.
What comes to mind when you think of Jay Z? Is it Beyonce? 99 Problems? The Brooklyn Nets, of which he used to be a minority owner? Certainly marketing and sales don't come to mind. Although, he did coin the phrase, "I'm not a businessman... I'm a business, man." It's not every day a legendary, multi-platinum rapper wins you a ticket to a marketing conference. But that's exactly what happened to me.
Payment innovation may be right around the corner, but it could be a little tricky getting there according to a new study on digital wallets. Digital wallets refer to new payment technology that allows consumers to pay with their mobile device, usually a smart phone. As check processing providers we hear a lot about digital wallets and cell phone apps that let you pay without plastic, cash or paper. Is this the future of payments?
BYOD is top of the list of new payment terms/acronyms that we're adding to our Payments Glossary this month. Mobile inspired terms are dominating our payments conversations and digital wallets, DMB and showrooming are being debated as we wait in line to pay for coffee with our phone. To stay on top of the latest payment lingo or, if you just want to brush up on your MLSs and EMVs, please click onto our glossary pages.
Technology continues to dominate society. People checking their social media feeds, updating their status', comparison shopping, checking stock prices and sports scores. Even with all of these fun features, innovations in technology prove to be productive and beneficial as well. Fresh off of CES 2013, home automation continues to 'wow' us with new gadgets and its new capabilities. This may not be more apparent than in the home furnishings industry with its overlap into smartphones and tablets.
Yes, it's that time of year again: Summer is coming to a close, it's time to start making sack lunches, sign permission slips and enforce early bed times. This can mean only one thing; back-to-school shopping is in full swing! Each year there is always a new "it" product to have where kids want to impress their friends with the newest shoes, clothes and the like. What will it be this year?
Changes in the way the payment services industry works are creating challenges for ISOs and affiliates who haven't kept current. In addition to the emergence of companies like PayPal and Square Inc., which offer convenient payment processing services to both individual clients as well as businesses, new payment technologies have become the norm. This threatens to replace traditional payment methods, creating problems for ISOs including reduced revenue, lost opportunity and lower rates of merchant retention.
They've been called Generation Y, Echo Boomers or Millennials. No matter what they're called, this group of adults in their twenties and thirties represent some big spending power and some big opportunities for auto dealers and retailers. Definitions differ but generally this group includes those born in the 1980s and 90s, representing over 80 million US adults - bigger than the Baby Boomer group. As they finish school, begin careers and start families, they are now becoming very influential in how goods and services are marketed to the public.
CrossCheck is a member of the Electronic Transaction Association (ETA), an international trade association representing companies who offer electronic transaction processing products and services. Each year the association holds their Annual Meeting & Expo, an event that attracts hundreds of exhibitors and thousands of attendees that come to display, present and discuss the latest and greatest in payment processing technology, services and equipment.