If you’re shopping around for a new credit card processor, you may notice a few new questions being asked on the application form. Starting May 1, 2018, the Financial Crimes Enforcement Network (FinCEN)’s new Customer Due Diligence (CDD) requirements for financial institutions are being enforced. Let’s break down the changes and what they mean.
Here at 360 Payments, we’ve put a fair bit of effort into defining what our values are so that we have something of a yardstick with which to measure our own actions. Among those values we’ve identified as most important to us is love. But does love belong in the workplace, and what does it even mean in this context? We believe that love absolutely does belong in the workplace, and below we hope to explore why we feel this way and what we think love means to the 360 Payments family.
So you dipped a customer’s credit card, and it was declined. Ugh. In addition to a flustered and potentially indignant customer, you now have to figure out what to do. Here’s our cheat sheet to the decline codes your machine might produce and what to do about them.
Lots of organizations like to claim they are progressive. It’s one of those startup traits that’s so popular in Silicon Valley these days. But how many businesses really get it right? 360 Payments is a progressive company, without a doubt. How can I be so sure of that? Well, because they hired me.
So your company has made the decision to go with an open office plan. You’re already looking forward to more interaction with your coworkers and easier collaboration on shared projects. You might also have some trepidation, however, and rightly so. Open office plans can be overwhelming and distracting if you’re not used to them.
Chances are at least one slick credit card processing salesperson has come into your business singing the praises of leasing your terminal. They probably fed you a lot of compelling lines to make you sign on the dotted line, but hopefully you were able to resist. Leasing your credit card terminal only benefits your processor.
Do you know what your MCC is? When you first begin processing credit cards, the processor you’re working with will assign you your MCC after you’ve explained to them what kind of business you are and what you sell. Some unscrupulous processors will misclassify your business on purpose for their own financial gain.
In 2018, flexible working environments are becoming more and more common. While offering flexible working arrangements is great for your employees (and ultimately great for your business), it can be hard to manage all those different people in all those different places. Here are four important tips to help make it easier.
Last week we published some tips to help sales reps stop being “the bad guys” in the eyes of business owners. This week we’re offering a few more – as an organization that employs quite a few outside sales representatives, we’ve thought long and hard about how we can help business owners without playing into stereotypes. Here’s what we’ve learned.
We are only beginning to discover the usefulness of AI applications. Amazon recently unveiled a brick-and-mortar grocery store that has successfully supplanted cashiers and checkout lines with computer vision, sensors, and deep learning. Between the investment, the press coverage, and the dramatic innovation, “AI” has become a hot buzzword.