Mobile shopping statistics increase in large rates

Sep 25, 2013

All business owners and managers know that they need to offer their products and services online in order to attract as many customers as possible. Yet as customer's shopping preferences change, it's clear that products now need to be offered through many different communication devices - most notably, through smartphones. 

Sales made through mobile credit card processing terminals in the U.S. will grow by an estimated 63 percent during 2013, according to the Internet Retailer's report, named 2014 Mobile 500, representing a total of more than $34 billion in revenue. That's up starkly from the $21 billion spent during 2012, indicating that consumers are accessing credit card terminals through their cell phones more than ever before. 

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Topics: Funding Your Business, Mobile

Some consumers now paying their medical bills online

Aug 23, 2013

Many Americans are looking for new ways to optimize the manner by which they make payments. 

United Healthcare is hoping to innovate such things in the medical field. The firm announced earlier this week that they will allow its customers to pay their medical bills online with a credit card, making them the first national insurer to offer such capability.

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Topics: Funding Your Business, Ecommerce

Electronic cards used [don't use past tense] to pay state workers

Aug 16, 2013

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. 

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Topics: Funding Your Business, Retail

Pricing Your Services

Jul 10, 2013

The goal of business is to make a profit. Many small businesses fail at this because they don’t know how to price their products or services, but pricing is the critical element to achieving a profit, a factor that all firms can control. If you’re a startup or are revisiting your pricing strategy, here are some suggestions from industry experts and small business owners to help you get the price right.

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Topics: Funding Your Business

Ten Questions to Ask Before Applying for a Bank Loan

Jul 9, 2013

Most small-business owners need a bank loan at one time or another, and applying for one involves much more than filling out paperwork and saying a prayer. While a bank loan might be a good option, if you have trouble qualifying, Quikstone Capital Solutions can help with the cash you need. 

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Topics: Funding Your Business