BluePay Blog

Consumers are savvier. Criminals are craftier. Now, companies have to ramp up their own capabilities to meet the higher expectations and strategies impacting their business results. Technology is helping companies deliver a trustworthy transaction process as part of an exceptional experience for consumers. At the same time, they are using these tools to stop criminals. This is due in large part to the advancement of the smart payment platform. Here’s what the smart payment platform looks like.

Topics: Due.com Partner Posts, E-Commerce and Online Payments, Payment Technology, PCI Compliance and Fraud Prevention, Payment Trends

According to Harvard Business Review, “acquiring a new customer is anywhere from five to 25 times more expensive than retaining an existing one.” Furthermore, older customers spend up to 31% more per purchase than do newer ones. So, if you want to grow your business, investing in customer retention is clearly a winning strategy. One of the best ways to achieve this goal is to launch a loyalty program.

Topics: Small Business Tips

The basic concept behind brick-and-mortar retail is almost as old as commerce itself, with buyers and sellers historically meeting in centralized marketplaces to conduct business. The advent of mail ordering (in the 19th century) and phone-based ordering (in the 20th century) altered this dynamic, allowing merchants to sell goods without meeting customers in person. Still, the vast majority of exchanges happened face to face.

Topics: Mobile Payments, E-Commerce and Online Payments, Payment Technology, Small Business Tips

Starting a new business can be both exciting and terrifying. If successful, you face the possibility of leaving your day job and earning more money than you ever dreamed possible. At the same time, there are so many expenses to cover — all before making your first sale. Even for seasoned veterans, navigating the business landscape is inherently risky. However, it’s possible to mitigate some of these risks if you prioritize your finances and spend wisely.

Topics: Small Business Tips, Getting Started with Payments, Awareness

Investing in technology is one of the biggest business decisions you’ll make. You want to ensure your business is benefiting from what’s available, but you don’t have the budget to buy every gadget that comes to market. For a retailer, this technology decision often hinges on when to upgrade the POS equipment. Here are some things to consider that will help inform your decision about when it’s the right time to upgrade and choose the right POS system for your business.

Topics: Due.com Partner Posts, Payment Technology, Small Business Tips, Getting Started with Payments

As a budding entrepreneur, you may be tempted to splurge on fancy offices, cool gadgets, and glossy business cards — since these investments can help make your newly formed company seem more legitimate. Yet, covering expenses like these is one of the primary reasons why so many businesses fail in their first few years. They have more money going out than coming in, and it’s just a matter of time before these startups have to close their doors.

Topics: Software and Payment Integration, Small Business Tips

In the United States, we hear about credit card fraud all the time — usually presented as horrifying statistics. For example: Fraudulent losses from online credit card transactions now exceed $6.4 billion annually. Retailers lose an estimated $16 billion from chargeback (or “friendly”) fraud globally. Ultimately, these are just numbers. It sometimes helps to put faces to these statistics to truly understand the scope of this growing problem.

Topics: PCI Compliance and Fraud Prevention, Consumer Education

At one point, RFID was pegged as the disruptive retail technology that would forever change how this industry operated. And, while RFID had a positive impact and has helped evolve retail to address the need for a frictionless process, the power of the Internet of Things (IoT) – a networked infrastructure that connects multiple devices to share data in faster, more varied ways – has certainly evolved over the last 10 years.

Topics: Due.com Partner Posts, Mobile Payments, Payment Technology, Payment Trends

Ask any father, and he’ll tell you that parenthood is a full-time job — complete with meals, baths, pickups, drop-offs and everything else that goes into raising healthy and happy kids.  When you’re managing children at home, trying to hold a full-time job that pays the bills is difficult. And launching a business that can provide full-time jobs for others sounds next to impossible.

Topics: Fun Posts, Small Business Tips

According to historians, the first check was invented in ancient Rome, around 352 BC. It took a couple thousand years for the concept to really catch on, with checks enjoying their heyday during the 20th century.  Despite the advent of faster, cheaper, and more secure payment options, checks remain surprisingly popular. According to the Federal Reserve, Americans write nearly 17 billion checks annually — with an estimated payment volume of $26 trillion.

Topics: ACH/eCheck Payments, Small Business Tips, Getting Started with Payments