For years, we lived by the cash-is-king philosophy. With the rise of mobile payment options, cashless systems continue to be more important. Mobile payments come in many different forms: e-checks, Apple Pay, bank apps, and more. Mobile wallets are one cashless trend that has really taken off in recent years. Since 2015, the number people in the U.S. using mobile wallets increased […]Read More
MasterCard has recently announced that it is creating a new BIN (Bank Identification Number) for their cards. They will start issuing cards beginning with the number “2,” to supplement the existing 5 series of BIN numbers. This not only expands the number of available cards, by creating additional secure and unique numbers, but also meets the need […]Read More
Point-of-sale (POS) systems are evolving, and merchants are moving to these systems in droves as technology makes them more accessible and cost effective. New tablet and mobile products have made POS technology even more affordable and easy to use. In the past, POS systems were so cost prohibitive that only big retailers could afford them. Units ranged from $10,000 to $100,000, making it impossible […]Read More
Use Value-Added Merchant Services to Get More Small Business Banking Market Share: Arkansas Community Banker, Summer 2019
In light of all the market and regulatory pressures community banks and credit unions face which threaten to chip away at your margin, it is more important than ever to remain on the lookout for new revenue streams. Small businesses present the opportunity for FIs to capture more market share as well as a greater portion of business deposits and opportunities to generate new loans.
Retriever Payment Systems was featured in the Summer 2019 issue of Arkansas Community Bankers Association virtual magazine discussing how to leverage your merchant services offerings to get more small business banking market share.