You’ve probably heard something about PCI compliance in regard to credit card processing. The phrase “PCI compliance” is shorthand for the rules and regulations known as the Payment Card Industry Data Security Standard or PCI DSS. These regulations are designed to...
Global supply chain problems, especially microchip shortages, are resulting in limited supplies of some of the most popular payment processing devices. If your business is in need of new processing terminals, this could affect you. Understanding the Supply Problem If...
Here’s an unexpected side effect of the COVID-19 pandemic. Apparently the number of small business startups is growing at a rapid clip. According to business formation statistics from the Census Bureau, more than 5.4 million applications to start new companies...
Supply chain issues caused by the COVID-19 pandemic are resulting in big headaches for small businesses across the country. The COVID crisis is also at the root of this country’s worsening labor shortages that are forcing businesses to curtail their working...
Contactless payments are becoming increasingly popular among consumers. Spurred by the COVID-19 crisis, a growing number of consumers are deciding against physically inserting or swiping their credit and debit cards and instead paying via contactless cards and digital...
It appears that the COVID-19 pandemic had a significant impact on how people pay for goods and services. According to the Atlanta Fed’s 2020 Diary of Consumer Payment Choice, the use of cash for payments dropped substantially in 2020, offset by a rise in...