High Risk Blog Image

What is High-Risk Payment Processing?

What is High-Risk Payment Processing? How is the Industry Changing and Tips Retailers Need to Know Understanding What Qualifies as High-Risk Payment Processing Certain types of businesses are statistically more likely to experience chargebacks, fraud, and other events that increase the financial risk of providing payment processing solutions. The industry labels these businesses “high-risk merchants.”…

retail payment processing

Trends Shaping Retail Payment Processing (Dual Pricing, Mobile Payments, & BNPL)

Stay Competitive and Profitable With Trending Retail Payment Solutions While many brick-and-mortar stores have reopened since the beginning of the pandemic, the way consumers shop and pay for goods has permanently changed. Retail payment processing methods are moving from physical currency to digital transactions as more consumers use credit cards and other contactless payment solutions.…

person working on computer with EDI graphic

What is Electronic Data Interchange? Tips Grocery, Convenience, and Hardware Retailers Need to Know

Save Time and Streamline Operations With EDI for Retail The conventional method of manually ordering and receiving products from vendors is a time-consuming and tedious process vulnerable to errors. Retailers are all too familiar with contacting their sales representatives to place inventory orders via phone or email. In contrast, tech-savvy retailers have adopted Electronic Data…

retail business analytics screen showing power bi for retail

Power BI: A Must-Have for Retail Business Analytics

Leading Retail Business Analytics Solution Reporting and analytics are essential to retail because they tell business owners precisely what’s happening in their company, from customer trends to inventory reports. With the significant shift in customer behavior since the pandemic, having a firm grasp on your business data is even more critical. The EY US Future…

Holiday Retail Sales Shoppers

6 Ways to Maximize Holiday Retail Sales

Increase Retail Sales This Holiday Season This holiday season in the retail industry is as unpredictable as ever. Holiday retail sales are forecasted to increase from last year, though the expected growth is lower than usual and will likely be driven by inflation. With the trends and economic factors impacting holiday shopping, small businesses must…

retailer using zero-cost credit card processing

Is Zero-Cost Credit Card Processing Really Free?

Is Zero-Cost Credit Card Processing Really Free? The growing adoption of mobile and digital payments in recent years reflects our steady migration to a cashless economy. With consumers increasingly choosing electronic and digital payment methods in stores and online, card checkouts surged to $9.4 trillion in 2021, according to the Nilson Report. In addition, Mastercard…

Customer using a credit card to pay in a supermarket

Benefits of a SaaS POS System for Retailers

Benefits of a SaaS POS System for Retailers A common misconception when implementing a SaaS (software as a service) POS (point of sale) solution is that it means ditching existing current systems entirely, making it a significant undertaking. However, switching to a SaaS POS system can be as simple and seamless as your retail business…