Merchant Cash Advance Blog

The electronic card industry may be receiving a boost thanks to the innovative practices of some employers. Businesses are now begriming to pay their employees through pre-paid debit cards, as opposed to paychecks, aiding the payment processing industry by contributing to the ubiquity of electronic funds transfers. 

The West Virginia Treasurer's Office and Auditor's Office are currently engaged in a joint effort to offer state workers the ability to obtain their payment through pre-paid debit cards known as "West Virginia Pay Cards," according to a report from the West Virginia Metro News. It indicates that the state expects to save approximately $500,000 yearly by switching away from paper-based modes of payment, illustrating the profit potential that comes with optimizing recurring billing software capabilities. 

Many people like to think they can do everything through their Facebook - speak to their friends, discuss their work, post updates on their life, listen to music, and whatever else they would like. But the social media corporation recently announced their aims to offer users a new perk: the ability to purchase products using nothing more than their account ID. 

Facebook is planning to test the product over the course of the next month, according to a report from All Things D. With the use of the new system, users would be able to link their billing information to their Facebook ID through the cloud. From that point, whenever they wished to purchase a product through a mobile application, they would be able to do so simply by logging into their Facebook account. For many online merchants, large numbers of potential customers are lost at the check-out screen - so this attempt to expedite the process could leave to a large uptick in sales for online stores. 

Payment processing systems – and the methods of accepting credit card payments – continue to evolve. Only the industry isn't getting bigger, it's getting smaller. In fact, it's going mobile.

Mobile point-of-sale terminals will become much more prolific over the ensuing years, according to a press release featuring figures obtained by TechNavio. The firm predicts a compound annual growth ratio of more than 11 percent for the mobile POS industry, starting with figures recorded from last year and stretching out toward their annual projections leading up to 2013.

Many recent reports have shown that consumers are more interested than ever before in making purchases via their tablets or smartphones. 

Merchant servicesare fulfilling their customers demands - and the mobile side of e-commerce is seeing astronomical sales increases as a result, according to figures reported in IMRG Capgemini's e-Retail Sales Index. 

As more Americans use their smartphones on a regular basis, more are choosing to employ the devices to shop - and they're purchasing products en masse. A recent report from the News Observer displays just how much minor internet exposure can drive sales for online merchant accounts. 

According to the report, Raleigh, North Carolina-based jeweler JousJous saw their sales skyrocket after they were featured on Amazon home page, showing how online payment processing capabilities can give businesses the opportunity to achieve much higher profit margins. The company saw their daily online sales jump from an average of six to 12 pieces a day to, in one 24-hour period, sales of nearly 500 units.