One of the most fun things we get to do with software developers is go through a scope of work call to review all the bells and whistles of our APIs that they want to integrate into their software solution to WOW their merchant users. Through this process, we explore a variety of the goals and objectives of the integration to ensure once we map out the plan everyone is getting what they want. It’s kind of like building your Christmas list for Santa – but better because you make money on this endeavor month after month in recurring revenue share.
Chargebacks will suck the cheer right out of your holiday sales this season which is why we’ve compiled a list of tips to avoid them whenever possible. Reportedly 86% of all chargebacks are probable cases of ‘friendly fraud’ or mistakes by the customer, and at the current rate, friendly fraud will cost merchants upwards of $25 billion a year by 2020. Fraud attempts rose 33% in 2016, while successful fraud attacks increased 32%. Merchants lose out on $118 billion in sales due to false positives each year. So read on because this is important stuff!
Like most busy business owners, dealing with accounting, merchant services and reconciliation is a major pain. Payfac Pete is constantly looking for ways to simplify and improve these processes, so he can get paid quickly and keep his focus on what he loves- his business and his customers.
Prepare to process big sales this holiday season with these simple merchant tips. According to the National Retail Federation, 20-40% of annual sales for small and mid-sized retailers takes place over the last two months of the year. Now is the time to take some simple steps to prepare for the extra credit card processing and customer traffic to make sure you’ll have a great holiday season.
Fresh off the excitement of Money 2020 in Las Vegas last week we are excited to share what we learned and the trends we’re seeing in payments as more than 11,000 payments professionals gathered for 4-days to meet, share insights and collaborate.
Money 2020 is the leading fintech and payments event hosting 11,000+ attendees and 4,500+ companies from 85 countries. This big payments event draws 1,700+ CEOs and Presidents and over 400 of the industry’s best and brightest who speak and educate on innovations across a variety of areas including payments, banking, commerce, lending, security, CX, blockchain, inclusion, regulation, entrepreneurship, and globalization. Aside from the trade show floor where we will be exhibiting our Payfac in a Box™ solution alongside our parent company Payment Data Systems and sister company Akimbo Card at booth 735, there are dozens of exciting learning programs and lectures happening throughout the four-day event Oct 22-25, 2017 at The Venetian in Las Vegas, NV.
Employers are always on the lookout for great ways to keep employees happy. And what better way than with cash – but served up in a faster, more reliable and easier way. Enter the Akimbo Card - a Mastercard® incentive award card. The Akimbo Card can be used through Apple Pay with simple tap-to-pay functionality or employees can also get a traditional plastic card for in-store purchases. This option provides employers a way to reward workers and pay out bonuses anytime without the expense and hassle of running an extra payroll.
Running a business is more than servicing your patients or customers. Business owner-entrepreneurs must handle all aspects including cash flow, growth, bookkeeping, credit and more. And even if you’ve hired the best of the best to do the day-to-day business finance tasks, business owners must be engaged and active in managing these critical aspects so that when you decide to grow, sell, or retire you can. Here are six important business finance tips to live by that will ensure your profitability and longevity in whatever field you’re in.
Our St. Augustine, FL office was impacted by Hurricane Irma earlier this week, so we felt it was both timely and important to discuss disaster planning for your business. Having a detailed plan and reviewing your insurance coverages, outage plans to continue offering services and meeting the needs of your patients/customers, and supporting employees who are also affected, are important areas to address to quickly bounce back after a natural disaster.
After months of planning and development we are excited to share that the website for Payfac in a Box is now live! The streamlined layout showcases how simple customizing a full circle payments integration into software can be. The site also includes links to our mobile SDKs, developers portal and the full API code as well as details for how Payfac in a Box can meet the needs of a variety of business types.
Topics: payments integrations, bill presentment and payment, payfac in a box, payfac, payment faciliator, automated onboarding, custom payments integration, onboard thousands of merchants, software developers