Credit Card Processing, Security and PCI Compliance

How to Identify Credit Card Skimmers at Your Business

This type of theft is most common at retail outlets where credit cards are handled by employees – most frequently restaurant and bars – or where card terminals aren’t regularly monitored, such as at gas stations. As a business owner, it is important to know what to look for to avoid risk to your consumers,…

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Credit card skimming (or “shimming,” in the case of chip cards) is a form of theft by which credit card information is stolen with just a small bit of technology, typically installed at the credit card terminal. Thieves install “skimmers” or devices to read and save card information undetected.

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Accounting and Finance, Business

QuickBooks vs Xero vs FreshBooks

As a small business owner, freelancer, or entrepreneur, your most precious resources are time and money. In fact, spending time managing money is probably something you do a lot. There are always invoices to be sent, bills to be paid, time to be tracked, and reconciliation to be done. The days of relying on Excel…

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Accounting software can be a blessing or a curse, and it all depends on choosing the right program for your needs.

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Accounting and Finance, Business

3 Steps to Create a Solid Expense Account Policy

Employees with expense accounts pay for business-related goods and services with the understanding that they’ll be reimbursed. It makes things easier for staff members who travel, entertain clients, or otherwise need to spend money in order to bring sales and profits to your business. The more profit you can get out of your business the…

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Expense accounts are financial allowances offered to particular employees to cover business expenses. But they’re also a common place to “leak” cash, and if you’re not careful, they could be costing you.

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Buying Groups

MEGA Group USA Overview

This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: MEGA Group USA Industry/Specialty (if applicable): Appliances, Furniture, Mattresses, Consumer Electronics Number of members: 1,700 Website: http://www.megagroupusa.com/ Based in Tennessee, the group has 1,700 members with 3,200 storefronts across the US. How does the group work? MEGA works with members…

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MEGA Group USA is a buying group with members in multiple industries, including appliances, furniture, mattresses, consumer electronics, seasonal, and outdoor merchandise categories.

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Credit Card Processing, Restaurants and Bars

Tablet POS Systems for Higher Checks and Faster Turnover

You’ve probably seen wait staff carrying tablets to let customers pay tableside, or noted the sleek, low-profile systems at trendy bars. While many smaller establishments use a tablet at the counter, Olive Garden, Panera Bread, and Chili’s are among the major restaurant chains using them at tables. These tablets allow diners to view menus, order…

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Using tablets as a POS system replacement is becoming more and more popular with restaurants and bars.

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Buying Groups

ProSource Review

This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: ProSource Industry/Specialty (if applicable): Consumer electronics/home entertainment Number of members: 500+ Website: http://www.prosourceinfo.com/ In 2008, the two groups formed a strategic alliance, and by the end of 2010, they officially merged to form ProSource. As of 2016, ProSource does over…

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ProSource a member-owned amalgam of two buying groups: Pro Group and HES. Pro Group was founded in 1985 and HES was founded in 1994.

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Business

Before Profitability: How Long Until You Run Out of Money

  Defining Profitability Calculating Run Rate Establish How Long You Can Stay in Business Changes You Can Make to Become Profitable Defining Profitability First, let’s define profitable. At the most basic level, being profitable means achieving something beneficial, usually making money. For small businesses, that means that your business is earning more money than it…

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It’s a sad fact that if your business isn’t making more money than it’s spending, at some point you’re going to run out — And in almost all cases, that means you’re out of business. With a good understanding of your costs, margins, and sales, you can calculate exactly how long you’ll be able to stay in business. More importantly, you can use those figures to make informed decisions so you can survive longer, and get a plan in place for achieving profitability.

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Credit Card Processing

Using a PayPal Account In Store: Cards and the PayPal App

The two companies have reached an end to a 3-year-old disagreement where First Data would not allow PayPal transactions. PayPal also reached deals with Visa and Mastercard. This shows that PayPal is willing to play nice with the card brands it has previously clashed with, and is serious about eliminating previous hurdles that have prevented…

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It’s here: Taking PayPal in stores.

Okay, technically it’s been here for a little while, but the number of stores that can accept PayPal is about to shoot up dramatically with the official beginning of First Data’s in-store PayPal acceptance.

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