Don’t Let EMV Chargebacks Cut into Your Wallet

  Is EMV important? Why do we need it now? Protecting yourself against counterfeit fraud is one of the main benefits to implement EMV because it’s virtually impossible to recreate the chip. The October 1, 2015 shift has caused some serious headaches, but the ultimate goal is to fix the…

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Chargebacks Why They Happen, How to Prevent Them

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…

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Is Cash Dead?

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…

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Why Good Record Keeping is Essential to Your Business

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…

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VISA Claims Resolution (VCR) Summary

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…

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