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What do Amazon and banks have in common? More than you may think. Amazon has changed the face of retailing in recent years. Now it appears to have the power to change something equally as significant — consumers’ relationships with their banks. We all know that Amazon has become the…

The benefits of accepting credit cards are many. Among other things, accepting cards can help legitimize your business, boost sales and encourage impulse buying, as consumers find credit cards a convenient, advantageous way to pay for purchases. But from time to time, you may encounter a chargeback, which can be frustrating, especially…

There’s a popular perception that cash is on its way out. In fact, some restaurants—like the chain, Sweetgreen, for example—have been attracting media coverage because they no longer take cash and as you may have noticed, cash is no longer accepted for airline drink service, while most corporate dining rooms are now…

While the way we do business has transformed over the years, one thing has stayed the same: good businesses have good accounting. One of the main reasons why any business fails is because they don’t properly manage their cash flow. Some of this comes from faulty-decision making. But poor accounting…

Visa recently announced that they will be revising their chargeback/dispute process. Visa Claims Resolution (VCR) is a new global program that will be implemented in April 2018, in an effort to resolve chargebacks faster on Visa’s side and preventing invalid disputes from entering the system. The new program will simplify…