FinTech

With credit card purchases, authorization is just the first step. For payment to appear in the merchant’s account, there are three other steps in the card processing transaction lifecycle. It’s important to have a risk management solution in place to ensure that transactions are processed successfully.

Walk-in payments options can take many forms. Walk-in payment kiosks can be configured to accept cash as well as other payment options such as credit cards, debit cards and prepaid cards. Consider some of the ways that walk-in payments can benefit your business.

Taking a proactive approach to collecting on-time payments can be a win-win for both merchants and customers. Exercising flexibility in accepting payments, communicating priority to customers through shorter payment periods, providing positive incentives for online payments and keeping the lines of communication open are all productive strategies increasing on-time payments.