by Stephen Price – Payment-Times.com I thought I would pose this question. If you are doing debt collections, do we need check verification services? Here’s my point… Check Verification was originally made for retail establishments (think WalMart, Sears, etc..) that were giving away a product, say a TV. The consumer would tender a check to [...]
Fri 05/06/2011 - 04:37
Tue 06/01/2010 - 03:27
Cross Posted from Social Business Bank Introduction Credit card fraud is something that can never be completely eliminated, but rather something that must be managed. Merchants must develop a delicate balance between using safeguards to prevent fraud and not creating too many hoops for customers to jump through. In Part #1, we talked about fraud [...]
Wed 05/26/2010 - 03:15
Cross Posted from Social Business Bank Introduction: Want to win 1 year of free credit card processing? You should check out the Sweepstakes currently going on at http://www.SocialBusinessBank.com/win. Liability for fraud shifts from the card issuer to the merchant for ‘Card Not Present’ sale (mail order, telephone/fax order, and internet sales). The merchant is generally [...]
Thu 04/01/2010 - 07:31
(March 18, 2010 Digital Transactions) More online shoppers are repudiating transactions even after they’ve received their merchandise, much to the chagrin of online merchants, which are focusing on the problem as they seldom have in the past. That’s according to Robert W. Botelle, executive vice president for merchant services and chief customer officer at Litle [...]
Wed 01/14/2009 - 08:02
Giving your customers options, especially when it comes to making payments, is essential. If there is one thing that most of us have in common in this world it is that we have too much to do and not enough time to do it in. More and more people are getting away from traditional paper checks and turning to electronic payment options that can be completed easily and quickly online or over the phone. Providing several different payment options for your customers will increase the number of payments you receive and there are other benefits to these convenient systems such as:
