When researching merchant processing vendors, every company claims to offer the lowest rate with "Guaranteed savings". How can that be? What differentiates one merchant processor from the other, and how can you determine who can deliver on these promises? To explore that question, one must look "under the hood" to determine what makes up the cost structure. Most [...]
The goal for any successful strategic partnership is to build value by leveraging skills, assets and expertise that one party doesn’t possess. In the payment processing space, most software vendors have recognized the value of an integrated payments strategy to improve work flow and capture additional revenue. For example, companies such as Omedix, have developed integrated payments into their Omedix patient portal and online billpay solution. [...]
Let’s face it, as entrepreneurs we’re typically spread thin and lean heavily on specialists to help us fill the gaps in our expertise on specific functions of our business. Emphasis on getting our product to market in the shortest time-frame often means thorough vetting of potential vendors is left for a later date. The problem with this model is that [...]
For the mobile workforce, efficiency is key. Every aspect of fiction must be addressed and managed properly in order to scale operations while optimizing opportunities to provide a positive user experience. One does not have to look far to find industries that have been completely disrupted by leveraging technology, secure payments and unique business models that have harmoniously streamlined the [...]
Some say that Payment processing is a commodity and variables that set one payment vendor from another are becoming blurred. This is overwhelmingly true for payment vendors that primarily promote stand-alone hardware for accepting payments. But, what about integrated payments? If payment processing is embedded into another application, how does it improve the user experience? And, how many payment processors have an established model, secure processing technology, and the [...]
