The Pew states more than half of adults in the United States now own a smartphone. The cost of not having a smartphone these days outweighs the cost of having a smart phone device. Social networking drove the rise and new smartphone and tablet apps are set to explode.
The Pew’s smartphone ownership report states that 56% of American adults now carry a smartphone according to this weeks report. Ranking the highest so far in smartphone saturation previous numbers were at 46% last year and 35% two years ago. A major milestone indeed. More than one third have a cell phone that isn’t a smartphone and 9% that don’t own a smart phone nor a cell phone. Read more of this article »
Posted in Smartphone Tagged with: Amazon, Digital Wallet, e-commerce, electronic, google, m-commerce, mobile commerce, mobile payment, smartphone
January 21st, 2023 by Admin
Data Breaches Cost Consumers Billions
Exposure of personal information is a new challenge in todays environment, the initial exposure being a nightmare to unravel. A Javelin Strategy and Research study shows that a single data security breach can cost Billions of dollars in consumer fraud losses. Data security breaches rose 48% from 2011 in 2012 to 1,611 data breaches. Identity theft is on the rise too.
Walmart CEO Mike Duke Expecting $10 Billion in e-commerce payments 2013.
Commenting at a shareholder meeting WalMart CEO Mike Duke expected WalMarts online e-commerce site to bring in $10 Billion in transactions this year.
India Sees Spike in e-commerce and Mobile Payment Investments.
India is seeing deeper saturation of broadband rollouts connecting personal computers and laptops online at a faster pace. Big names such as Intel are keen on India’s development for market opportunities. Amazon and ebay just staked claims to India’s e-commerce playing field with deals to deliver their e-commerce services. Read more of this article »
Posted in Electronic Payments Tagged with: Breach, Digital Wallet, e-commerce, electronic payments, Mobile Payments, nfc, tablet, Virtual Currency
February 9th, 2022 by Admin
John Stewart
January 17, 2022
https://www.digitaltransactions.net/trends-like-open-banking-and-bnpl-will-sustain-e-commerces-hot-streak-a-report-says/
Open banking, single-click checkout wallets, and the hot buy now, pay later trend will all help drive e-commerce volume worldwide in the coming five years, predicts Juniper Research in a report released Monday. This momentum is likely to push online sales long after the short-term impetus from the pandemic subsides, Juniper says.
E-commerce volume totaled $4.9 trillion globally in 2021, a figure the United Kingdom-based research firm forecasts will reach $7.5 trillion in 2026, when China will control a 37% share. Wider availability of multiple e-commerce channels, including mobile devices, will propel the overall growth worldwide, Juniper says. But along with the boom in e-commerce will come a corresponding growth in fraud via identity theft, account takeovers, and fraudulent chargebacks, the report warns. China, for example, will account for more than 40% of fraud losses worldwide in 2025, at more than $12 billion, Juniper forecasts.
Open banking is a trend by which fintechs can verify balances in consumers’ accounts and transfer funds to pay for online purchases. As standards bodies work to promulgate standards for this business, e-commerce payment providers “should … partner with specialists in … specific emerging payment areas to keep pace with changing merchant expectations around acceptance types,” the research firm says in its release, referring to digital wallets and crypto as well as open banking.
Open banking has taken on a higher profile in the global payments market with efforts by both of the global card networks to acquire firms that specialize in this area. Visa Inc. has acquired Tink AB, while Mastercard Inc. bought Aiia and Finicity Corp.
Physical goods will continue to dominate e-commerce spending, the report says, accounting for 82% of payment value by 2026. To tap into the trend, Juniper advises, payments providers should support buy now, pay later plans, which allow consumers to split purchases into four equal installments paid over a six-week period at no interest. BNPL is becoming more controversial, however, as the Consumer Financial Protection Bureau has launched an investigation of the option and as reports emerge that consumers with multiple accounts are more likely to miss a payment.
While still a big trend, e-commerce sales in the U.S. market cooled significantly last year as the pandemic effect lost some of its force. Third-quarter sales in 2021 reached $214.6 billion, up 6.6% year-over-year, according to the Census Bureau, which tracks retail sales. That follows an 8.9% rise in the second quarter and three straight quarters with increases of 32% or more. Fourth-quarter 2021 results are not yet available.
Posted in Credit card Processing, Credit Card Reader Terminal, Credit Card Security, Digital Wallet Privacy, e-commerce & m-commerce, Financial Services, Mail Order Telephone Order, Merchant Account Services News Articles, Merchant Services Account, Mobile Payments, Mobile Point of Sale, Point of Sale, Small Business Improvement, Smartphone, Uncategorized, Visa MasterCard American Express Tagged with: banking and e-commerce, e-commerce, e-commerce businesses, e-commerce merchants, e-commerce processor, e-commerce transactions, ecommerce, ecommerce merchant, ecommerce merchants, ecommerce sites, mobile commerce payment, mobile payment, Mobile Payments, mobile processing transactions, mobile transactions, mobile wallet, mobile wallet transactions, mobile wallets, mobile-commerce payments, online transactions, point-of-sale transactions, transaction processing, transactions, wallet
November 4th, 2018 by Admin
The season is upon us. Many take the opportunity to grow or start a business, so here are 51 quotes that can inspire entrepreneurs now.
1. “Stop telling yourself you don’t know what to do. Yes, you do. Listen to your intuition and trust yourself.”
2. “Don’t find customers for your products, find products for your customers.” ~Seth Godin
3. “Stay Positive. Work Hard. Make it Happen”
4. “Discipline is doing what needs to be done even when you don’t want to do it.”
5. “Focus on making yourself better, not on thinking that you are better.”
6. “Entrepreneurs must be willing to be misunderstood for long periods of time.”
7. “Success is when opportunity meets preparation”
8. “Sell the problem you solve, not the product.”
9. “If size mattered, the elephant would be king of the jungle.”
10. “You attract what you are, if you want great, the be great.”
11. “A setback is a setup for a comeback”
12. “When you support a small business, you’re supporting a dream.”
13. “Big things often have small beginnings.”
14. “Look back at where you came from and let yourself feel proud about your progress.”
15. “It always seems impossible until is done.” ~Nelson Mandela
16. “Collaborate with people you can learn from” ~Pharrell
17. “Price is what you pay. Value is what you get.” ~Warren Buffett
18. “The road to success is always under construction” ~Lily Tomlin
19. “See the possibility, not the problem.
20. “Don’t be busy, be productive”
21. “The key to success is to start before you’re ready”
22. “Always keep your focus on success”
23. “Create a vision that makes you wanna jump out of bed in the morning.”
24. “If the plan doesn’t work change the plan, not the goal.”
25. “Fail often so you can succeed sooner.” ~Tom Kelley
26. “Be the game changer.”
27. “Quality is the best business plan”
28. “Coca-Cola sold 25 bottles in their first year- so whatever you’re going through, it’ll be ok.”
29. “If you can’t stop thinking about it, don’t stop working for it.”
30. “Don’t deliver a product, deliver an experience.”
31. “Do something today that your future self will thank you for.”
32. “Set goals. Reach. Repeat.”
33. “Your success can inspire us all. Risk it.”
34. “What you imagine, you create”
35. “New day. New goals. More accomplishments.
36. “Dreams and dedication are a powerful combination.”
37. “If you can learn self-control, you can master anything.”
38. “Excuses will turn your dreams into dust.”
39. “Giving up is the only sure way to fail.”
40. “You don’t have to be great to start, but you have to start to be great.”
41. “Life begins at the end of your comfort zone.”
42. “The Distance between your dream and reality is called action.”
43. “Make it happen, shock everyone.”
44. “When you know clearly what you want, you’ll wake up every morning excited about life.”
45. “It all starts with a dream.”
46. “Today they call you crazy; tomorrow they will be calling you boss.”
47. “Life to your legend. Death to your fears.”
48. “Business is more exciting than any game.”
49. “Successful people rarely had an easy past.”
50. “Expect nothing but be prepared for everything.”
51. “Don’t be afraid of making big moves.”
Posted in Daily Inspiration Tagged with: b2b business, boss, bossbabe, business, business owner, e-commerce, entrepreneur, entrepreneurship, holidays, inspiration, inspire, quote of the day, quotes
November 1st, 2018 by Admin
We are officially 55 days until Christmas, time to take all of the tricks out of your hat to promote your business. Since we know you will be using social media, here are 30 random holidays you can use to promote your business with their Hashtag.
November 1st:
#ExtraMileDay: Show your customers how you will go the extra mile for them.
November 2nd
#LoveYourLawyerDay: Need we say more? This one is perfect for lawyers or anyone working with them.
#FountainPenDay: If you sell promotional items, this one is for you. It can also work if you want to post the latest contract signed.
#SandwichDay: Even if you don’t own a sandwich shop, Sandwich day can be used to share a more laid back look of your company. Maybe sharing a picture of your last company picnic or lunch will do. Remember to have a good looking picture!
First Sunday of November
#ZeroTaskingDay If you work for a spa or anything that promotes relaxation, this one would be a good one for you!
November 5th
#LoveYourRedHairDay Hairdressers, time to get those finished looks and share them on social media!
#NachosDay Any day is a good day for Nachos, but on Nachos day you can show some humor as a way to connect to your customers. This one is great for restaurants.
November 8th
Guinness World Record Day: #GWRDay: Sharing a fun fact comes a long way in Social Media. Sharing a Guinness World Record that might relate to your industry can attract a new crowd online.
#CappuccinoDay: People love coffee, (search #CoffeeLover, and you’ll see) so why not share Cappuccino Day with your coffee loving crowd. Perfect for the coffee shop owner to the savvy consultant on the go.
November 10th
#SesameStreetDay: If you are in an industry that deals with children, this one is for you. Make the posts funny or just cute but remember you are targeting the parents at the end. Nostalgic posts work well too with this.
#VanillaCupcakeDay: Cupcake lovers beware, this hashtag might be for you. Perfect for the bakery owner and the all-time cupcake lover, there is no need to be a pastry chef to use this one.
November 11th
#origamiday This one might require some skill and imagination, but it can delight your online community and attract them more to what you do. If you use this one, be sure to send us a picture.
#SundaeDay Who doesn’t love Ice Cream Sundaes!
November 12th
#HappyHourDay Geared more for restaurants and bars, but with a bit of creativity, many can use this hashtag.
November 13th
#KindnessDay Show your kindness to others.
November 15th
#AmericaRecyclesDay We all need to take care for our planet. Show your support by sharing this with some facts and information about recycling.
November 18th
#PrincessDay: Pamper the princesses in your business or show appreciation of your customer.
#MickeyMouseDay Need we say more?
November 19th
International Men’s Day #MensDay: Men’s day is great to share information about current men’s health issues. Perfect for those in the healthcare industry
#PlayMonopolyDay: This one we feel is perfect for finance. “Don’t get caught in monopoly games and get your money safe” what do you think?
November 20th
#EntrepreneursDay Completely self-explanatory.
#NameYourPCDay Give some love to those PC users in your industry and have fun too.
November 21st
#HelloDay A great hashtag to introduce yourself and the team.
November 22nd
#GoForARideDay Whether it is a ride on a car or bike ride, many can use this hashtag if you are creative enough.
November 23rd
#FlossingDay perfect for those in the dental industry.
#EspressoDay Just like #CapuccinoDay, this hashtag can help greatly any account.
November 25th
#ShoppingReminderDay If you sell goods, this one is for you.
November 30th
#ComputerSecurityDay Technology always changes, this one can be an excellent reminder to keep online info safe.
All Month Long:
#PeanutButterLoversMonth When you ran out of ideas or inspiration this month, this hashtag can be a lifesaver. Remember that social media should entertain or educate and this one can help with that.
Bonus Holidays:
These might not be random but are always useful to add.
#Movember
#ThanksGiving
#CyberMonday
We hope these hashtags can help boost your business online presence and bring a little more creativity to your social media game. As always, have fun and use your to see if any of these can help your business.
Posted in Small Business Improvement Tagged with: account, business, capuccino, christmass, coffee, consumers, credit card, customer, customers, data, disney, e-commerce, Facebook, finance, fun, hairdressers, hashtags, holidays, Instagram, lawyers, merchants, payments, photography, restautrant, retail, Security, social media, transactions, twiter
October 10th, 2018 by Admin
Life has its ups and downs, and we all know of those times where you feel like giving up. These quotes will you motivated and ready for round two!
When you reminisce the past because it was “easier.”
1. Be loyal to your future, not to your past.
When people say you are not ready to start a business:
2. You are never too old to start an empire, or too old to chase a dream.
When you feel you are not moving in the right direction:
3. The difference between who you are and who want to be is what you do.
When the nay-sayers say you are spending too much time on your “little dream”:
4. I would much rather work 16hrs a day for myself, than 8 hours a day working for someone else.
When you need to get started:
5. If you want to achieve greatness stop asking for permission.
When you are not sure how to stay motivated:
6. Create a vision that makes you wanna jump out of bed in the morning.
When you are too scared of trying:
7. You have no idea what you are capable of until you try.
When you need to remember why you are doing it:
8. The goal isn’t more money. The goal is living life on your own terms.
When you are not sure if you are ready:
9. If you wait until you’re ready, you’ll be waiting for the rest of your life.
When you are ready to make a change:
10. You’re only one decision away from a totally different life.
Posted in Daily Inspiration Tagged with: boss, bossbabe, business, customer, e-commerce, entrepreneur, entrepreneurship, ideas, inspiration, inspire, motivation, quote, quote of the day, quotes, transaction
October 7th, 2018 by Admin
National Transaction is celebrating 21 years in the business today. Founded in 1997 National Transaction (NTC) purpose is to serve businesses of all sizes with their cash flow with the highest levels of professionalism and care.
This 21 year anniversary would not be possible without our leader, Mark Fravel and we want to take you back to his why and the reason we are still here today.
The beginnings:
Mark, a single parent of 3 beautiful daughters, wanted to provide for their kids without being on the road all the time. And so, with this passion in mind, a desire to serve and commitment to his family, National Transaction was born.
NTC began like many business and passions, with no customers and only one employee but quickly grew and Mark knew that leading with confidence and excellence will drive this business somewhere.
The Present:
Now, NTC often ranks in the top 10 of many data and technology awards. This Excellence has also earned us an A+ rating in the Better Business Bureau.
This 21 years would not be possible without our desire to help a business grow and give them the right tools for their transactions. We love being on the phone with our customers, we love getting to know them and how we can provide our best service.
The Future
Mark started this with a desire to be a family man, and so, this family feeling has stayed with our company. We treat our team like family, and we are excited about what our future holds the next 21 years.
Thank you for celebrating 21 years of customer service, passion, connection and above all, quality. We will continue to provide you with the best service we know how to give, and we will uphold our promise and mission to make digital transactions reliable and simple to the merchant and familiar to the consumer, reducing the complexity and expense to both.
Thank you for being part of the National Transaction Corporation‘s family.
Posted in nationaltransaction.com Tagged with: Anniversary, ASTA, Better Business Bureau, business, card, consumers, credit card, credit cards, credit-card, customer, customers, data, e-commerce, entrepreneur, entrepreneurship, MasterCard, merchant, merchant account, merchants, Mobile Payments, National Transaction, payments, point of sale, Security, transaction, visa
June 27th, 2017 by Elma Jane
E-commerce has been growing, and now the overall market is starting to take notice; thanks to advances in online payment processing and electronic payment technology, as well as the willingness of almost all merchants to accept credit cards online.
E-commerce ecosystem are set to double and will account for a rising share of overall card payments. In addition to increased internet and smartphone penetration; more e-commerce merchants and an increase in the use of digital wallets.
Cardholders globally are becoming more confident in the security of the e-commerce channel, with the expected implementation of 3D-Secure 2.0 and increased use of sophisticated anti-fraud systems in many markets it gives consumer assurance that payment cards are safe to use for e-commerce purchases.
Trends indicate that e-commerce is the wave of the future for shoppers. But digital shopping is just one piece of the broader payments ecosystem.
For Electronic Payment Set Up Call Now! 888-996-2273
Let’s Get Started National Transaction.Com
Posted in Best Practices for Merchants Tagged with: card payments, credit cards, Digital wallets, e-commerce, electronic payment, merchants, online, payment, Security, smartphone
May 11th, 2017 by Elma Jane
Three Domain Secure (3-D Secure)
Visa is announcing a global plan to support 3-D Secure 2.0 to help protect e-commerce transactions.
3-D Secure (3DS) – stands for Three-Domain Secure. A messaging protocol to enable consumers to authenticate themselves with their card issuer when making card-not-present (CNP) e-commerce purchases. 3DS is an additional security layer that will help prevent unauthorized CNP transactions and protects the merchant from CNP exposure to fraud.
The three domains consist of:
The merchant/acquirer domain
Issuer domain
the interoperability domain (payment systems)
The purpose of the 3DS protocol within the payments community is to facilitate the exchange of data between the merchant, cardholder and card issuer. The objective is to benefit each of these parties by providing the ability to authenticate cardholders during a CNP e-commerce purchase, reducing fraud.
Visa currently offers its 3-D Secure service through the Verified by Visa program, which supports the existing 3-D Secure 1.0 specifications for consumer authentication.
Visa anticipates that early adoption of 3-D Secure 2.0 will begin in the second half of 2017.
Merchants that authenticate transactions using 3-D Secure are generally protected from issuer card-not-present fraud-related chargeback claims,1 and this rule will extend to merchant-attempted 3-D Secure 2.0 transactions after 12 April 2019, the global program activation date.
For Electronic Payment Set Up go to NationalTransaction.Com or call now 888-996-2273!
Posted in Best Practices for Merchants Tagged with: card, card-not-present, cnp, data, e-commerce, electronic payment, merchant, payment, Security, transactions
April 27th, 2017 by Elma Jane
Adding Tokenization Service
Important notes when adding tokenization:
– Tokens replace credit or gift card numbers.
– The terminal must be enabled to accept tokenization.
– Tokens are unique for each merchant, for example:
The same card will produce a different token for each merchant.
– Merchants with multiple terminals sharing tokenization domains will receive the same token for a unique card and the token can be used across their stores if they wish to do so.
– Merchants may supply the token in place of card information in any subsequent transaction.
– Tokenization is supported for both credit cards and gift cards.
Tokenization protects card data when it’s in use and at rest. It converts or replaces cardholder data with a unique token ID to be used for subsequent transactions. This eliminates the possibility of having card data stolen because it no longer exists within your environment.
Tokens can be used in card not present environments such as e-commerce or mail order/telephone order (MOTO), or in conjunction with encryption in card present environments.
Tokens can reside on your POS/PMS or within your e-commerce infrastructure “at rest” and can be used to make adjustments, add new charges, make reservations, perform recurring transactions, or perform other transactions “in use”.
For Electronic Payment Set up with Tokenization call now 888-996-2273
or click here NationalTransaction.Com
Posted in Best Practices for Merchants Tagged with: card present, card-not-present, credit, e-commerce, electronic payment, encryption, gift Card, merchant, moto, POS, terminals, tokenization, tokens, transaction