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.
The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) has opened up small businesses to new relationships with community-based financial institutions—and the benefits that come with building business banking partnerships. While the program is not perfect, community banks in particular rose to the occasion, flexing their competitive advantages and value propositions to woo small businesses […]
Part of being an entrepreneur or business owner is that you must become knowledgeable about topics that may not be that closely connected to what your business does. For example, if you opened a restaurant, it’s probably because you have experience in the industry and enjoy providing quality food to your guests. Or, you’re an […]
With all the enthusiastic shopping that takes place during the holiday season, there is no shortage of thieves who want to steal your hard-earned money from you. While a lot of the problem involves packages that are stolen from people’s porches, you also have to be very careful about protecting yourself from credit and debit […]
Even though it’s been three years since retailers have been able to switch to new chip-based credit and debit cards, a recent study shows that payment fraud is still a major concern in the United States as criminals take advantage of remaining vulnerabilities at point of sale, while also focusing more on online merchants. And […]
As a small business, you may be wondering if it’s worth your while to get into offering gift cards to your customers. You may think it involves giving out free money to people, and that’s bad business – right? The thing is, investing in gift cards isn’t nearly as bad as you may think. In fact, […]
People are less sensitive to their spending when they’re holding a gift card. It’s a simple fact, and it’s one of the reasons that you should implement a gift card program for your business. There are many reasons that gift cards bring an increase in sales. There are close to no reasons that you shouldn’t […]
Customers rarely carry cash these days, and they expect merchants to accept debit and credit cards, no matter where they are. That’s why it’s more necessary than ever that businesses have mobile point-of-sale (mPOS) terminals. A mobile point-of-sale terminal can be a tablet, smart phone, or similar wireless device, equipped with point-of-sale apps that act as a traditional POS system. There are many options, […]
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 […]
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 […]
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 […]
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.