In the aftermath of the still-ongoing pandemic, social distancing will remain the “new normal’ for the time being. While no one knows how permanently the pandemic will affect social behaviors, it is clear the demand for touchless technology will not subside. Indeed, contactless payments drive an overall better user experience. Aside from decreasing the risk of disease transmission by eliminating contact with payment terminals and cash, contactless payments are faster and more convenient.
Retriever Payment Systems was featured in the Summer 2020 issue of the Arkansas Community Bankers Association virtual magazine discussing taking a proactive, consultative approach to highlighting contactless payments technology with merchants to solidify business banking relationships and add value.
In the current environment of increasing competition from traditional and non-traditional financial services providers, community banks continue to leverage their number-one weapon in the fight to win over the competition: knowing their customers better than anyone else in order to provide high-touch personalized service and relevant product recommendations.
Customer expectations around service are continually being shaped by retail giants. Remaining accessible when and where your customers want to do business is a minimum expectation. Don’t you deserve a similar level of service from your vendor partners? Retriever Payment Systems was recently featured in the Spring 2020 issue of Arkansas Community Bankers Association virtual magazine discussing why you should consider your vendor relationships a reflection of your own brand.
According to Worldpay, card fraud is a $9.5 billion problem in the United States, and with the introduction of EMV technology and the resulting shift in liability from issuing financial institutions to merchants, much of that burden is being thrust upon your small business banking clients. Fortunately, as your small business banking clients’ trusted advisor, there is something you can do to help.
Retriever Payment Systems was featured in the Fall 2019 issue of Arkansas Community Bankers Association virtual magazine discussing how finding the right merchant services partner with the right fraud prevention and detection technology can equal a win-win for your bank and your clients.
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.
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
The EMV chip is the biggest trend in credit card payments. Merchants have been trying their best to migrate to EMV since the liability shift in 2015. However, a major roadblock has existed in the certifications of their systems. While many merchants had new payment acceptance devices installed by 2016, they couldn’t accept chip cards because they were still […]Read More
Fraud has been an ongoing problem with credit card payments since the beginning, and it’s likely not going away any time soon. The use of EMV is the first step in combatting credit card fraud. Other countries have had EMV credit cards for several years and, as a result, experienced dramatically reduced rates of credit card fraud. Face-to-face fraud has decreased […]Read More
Retriever Payment Systems announced today that it has received accreditation from the Better Business Bureau (BBB) serving Central Florida. BBB Accreditation means Retriever Payment Systems is a business dedicated to promoting trust in the marketplace.