International Bancard Blog & News

The Best Business Tool You Can Invest In - Point Of Sales Systems (POS)

You’ve probably seen POS systems (point of sale) in chain retailers and restaurants. More and more small to medium sized businesses are investing in POS systems too, and with good reason. POS systems allow business owners to track sales, cash flow, inventory, and customer spend. Additionally, POS systems often have marketing and customer retention tools, like loyalty programs, built right in. POS systems help simplify bookkeeping and payroll by providing detailed reporting.

Retail stores are opening their doors all over the United States, but it’s happening slowly. International Bancard is hearing from our clients and they’re telling us they feel hopeful and excited to get back to work. They’ve also mentioned they’re inundated with with new safety guidelines, rearranging their brick and mortar locations for limited access, and figuring out how to conduct business in a whole new business environment.

Millions of small businesses across North America closed their doors in mid March. Now it looks as if many Main Street stores, salons, restaurants, and service industries will be back in business soon.

International Bancard understands, more than ever, you need as many ways as possible to collect payments from your clients and customers. Our integrated, online bill payment solutions allows businesses to manage their accounts receivable online, generate and distribute email invoices, and receive electronic payments – without the additional costs of maintaining a separate website or purchasing expensive accounting software.

It is important to understand, embrace, and even encourage near-field communication (aka NFC) payments. NFC is a technology allowing cardholders the ability to make payments with their credit card without needing to touch the payment device. Most credit card devices support NFC and have NFC technology enabled by default.  

The ever-evolving world of online shopping and e-commerce is frequently improving ways in which merchants can conveniently accept online payments. But as the industry becomes more technologically advanced, allowing for fast and easy transactions, online fraudsters are finding new ways to slip through the digital cracks and obtain sensitive customer data. One method to be particularly aware of is Credit Card Validation Testing.

As we make our way into 2018, new top trends in the payment acceptance industry are beginning to surface. 

It's important for business owners to stay on top of these payment trends in order to accept payments the best way possible. 

Here are International Bancard's top payment acceptance trends of 2018: 

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