While attending Retail Now in Orlando, I purposefully compared POS solutions that were entirely Locally Installed, Cloud-Based and Hybrid. For some reading this article you may not be aware but the biggest trend in POS solutions is migrating to a hybrid solution. The premise is simple. A hybrid Point of Sale (POS) system combines elements […]
Last month we outlined the origination of Embedded Banking and how companies are now offering a fully embedded solution that includes aspects of traditional banking, lending, processing payments, and delivering a platform that will enable a merchant to provide lending and capital to consumers at the point of purchase if necessary. The offering is incredibly […]
The Rise of Embedded Banking Introduction: In recent years, the financial industry has witnessed a remarkable transformation with the emergence of embedded banking. Embedded banking refers to the integration of financial services into non-financial platforms and applications, seamlessly blending banking functionalities with everyday activities. This innovative approach to banking has gained significant traction, enabling businesses […]
Picture this: your business just received an urgent message from a customer about a payment issue. Before your support team even gets a chance to respond, an AI-powered chatbot on your website steps in and resolves the problem instantly. A few days later, you wake up to learn a fraudulent transaction from a stolen card […]
If you want to lead in any industry, you better follow the news. This is doubly true for the payments space, whose regulations, technology, and trends are always changing. Let’s get you caught up on how the regulatory environment could change in 2023, and what it could mean for you and your clients. In an […]
One thing we can safely say about last year: no one was bored! Across industries, businesses grappled with a number of challenges. Customers and boardrooms dealt with rising inflation, hurting both wallets and bottom lines. From the stock market to a changing job environment, the economy looked a lot gloomier by the end of the […]
The cannabis industry is one of the nation’s fastest-growing, with more and more states moving to fully legalize it for medical and recreational use. The roughly $10 billion market is expected to maintain an average growth rate of roughly 15% through the 2020’s, an exciting prospect for investors and entrepreneurs looking to enter the industry. […]
Who doesn’t love a discount? For both merchants and customers, cash discounting is a powerful tool to add more value in every transaction. It enables merchants to provide a promotional discount and minimize the cost that each customer pays. While COCARD leverages its deep relationships and innovative technology solutions to provide our merchants the best […]
We know that surcharges for using a card can add up to a big bill every year for businesses. It makes sense to pass some of that cost along to the customers that incur them, not the ones who pay in cash. NCAs (non-cash adjustments) are gaining steam among merchants, and in most of the […]
There’s never a dull moment in our industry. We have to constantly adapt to new technologies, tastes, and policies. So far, this decade is already bringing us a whole lot of change, with antitrust action shaping up to be the year’s game-changer. There’s a piece of proposed legislation, making its rounds through Washington, that could […]
From gadgets to groceries, people have more ways than ever to pay in easy pieces. The buy now, pay later (BNPL) revolution is taking off around the world, largely driven by digital platforms. Though slower to gain traction in the United States, the revolution is coming here too. In a recent survey, the number of […]
When the pandemic first hit, the panic was the gut reaction across the country. It may feel much longer than two years ago when we crowded into grocery stores for toilet paper and disinfectants. Before we knew it, we were walled off from the friends we love. The luckiest among us were walled in with […]
Every day, we’re inundated with chilling news of data breaches, as well as damning allegations of our favorite companies basically spying on us. While customer data is giving companies unprecedented insight into how to better serve their clientele, it also opens the door to serious breaches of public security, privacy, and trust. In this environment, […]
Every time a customer engages with us, they speak volumes about what works and what doesn’t. They tell us how to better reach and serve them. They give us a wealth of information, often without saying a word. Now and certainly in the future, leading businesses are defined by how well they can hear this […]
How has the pandemic impacted your professional life? If things are a little out of whack since 2020 began, you’re certainly not alone. At COCARD, we see opportunity in any change, even the seismic shift of the last couple of years. We turned a challenge into an opportunity, growing our member-owned network by over 40% […]
You probably remember the first time you saw it, that moment of confusion, curiosity, and interest. You watched the person in front of you in line simply wave their phone over the credit card reader, and after the confirmation ding, the receipt was printed and they were on their way. What the heck just happened? […]
At COCARD, we don’t just have members; we have partners. As a member-owned network of ISOs (independent sales offices), we strive to make sure our products and services add maximum value to our members, merchants, and their customers. If a single part of that chain isn’t getting the absolute most out of their relationship with […]
Credit card fraud, one of the most common forms of identity theft, is on the rise. Already a pernicious problem before 2020, the pandemic sent the number of fraud incidents skyrocketing, costing Americans billions of dollars. In 2021, the cost of credit card fraud was estimated at a whopping $8 billion. The number of victims […]
Over the last few years, the frenzied speculation of cryptomania has given way to an understanding that cryptocurrency is here to stay.
More and more, businesses are accepting major cryptocurrencies like Bitcoin as payment, and credit card providers are starting to offer them as rewards.
Earning cryptocurrency as cashback is a major innovation, with unique challenges and benefits for consumers.
Time will tell whether this remains a niche offering for crypto enthusiasts, or whether more people are drawn to the opportunity to earn a solid return on their rewards.