Industry Insights

Top 5 Ways to Increase Revenue from Your Merchant Program

1. Focus Sales Efforts on High Volume Accounts While businesses with higher volume may have thinner margins and longer sales cycles, there are several reasons to focus sales efforts on this profitable segment. Traditionally, higher sales volume often translates into higher dollars in net revenue. Further, these businesses tend to be equipped with the internal Read More »

Top 5 Tips for Choosing a Merchant Services Provider

Choosing the right merchant services provider for your financial institution is important for not only growing your revenue, but also to ensure that your business customers’ credit card acceptance needs are met with the right technology solutions and excellent service and support. There are many merchant services provider options out there but knowing what to Read More »

5 Ways to Improve Your Credit Card Processing

With your credit card processing platform comes a need for you to make sure you know where the technology is presently, and what the looming landscape is looking like. In short, there are always ways to improve.  If you’re not keeping a conscious eye on where card processing is indeed heading, you’re doing the health Read More »

PCI Compliance and You

What is PCI compliance? PCI (Payment Card Industry) compliance is a series of security procedures enabling businesses of all sizes to keep customer payment data secure. The general set of guidelines for a merchant to be PCI-compliant include the secure handling of user authentication, firewalls, antivirus, encryption, truncating account numbers, programming maintenance and vulnerability testing. Read More »

Choosing the Right Point Of Sale (POS) Solution for Your Business

Choosing the right Point of Sale (POS) system for your business doesn’t need to be difficult. While there are innumerable solutions on the market to consider, obtaining a system that fits your business shouldn’t be a daunting task. The important thing to understand is how powerful a POS platform is for your business – not Read More »

Protect Yourself From Security Breaches This Holiday Season

It’s that time of year. The leaves are nearly finished turning, and most have fallen to the ground. The holidays are upon us. With that comes spending. A whole lot of spending. Increased customer traffic during these next months is not uncommon. Transactions will be aplenty, and sales revenue is at its peak as consumers Read More »

Credit vs. Debit

The question has long been, “credit or debit?” when a customer presents their bankcard to you, the merchant. You’re giving the customer the choice, and, often the reply is simply, “oh, whatever.” You shouldn’t be as casual about it. It helps to understand the difference between credit and debit card transactions. There are different ways Read More »

How Pricing Varies Between Credit Card Processing Providers

Credit card processing invoices are as complicated as telephone bills – arguably even more difficult to understand. There are a mind-boggling number of line items, most of which are cryptically described and mean nothing to the average businessperson. So when approached by a potential new provider, how does one compare pricing? The first step would Read More »

Why Accept ApplePay?

ApplePay and many other mobile payment schemes – commonly referred to as mobile wallets – are simply another method by which consumers can make payments using their credit or debit card account.   In addition to the consumer carrying a plastic card, the card account data is loaded into an “app” on the consumer’s smartphone, Read More »

Why PCI Compliance Isn’t Just About Payments

Many businesses view compliance with data security standards established by the Payment Card Industry Security Standards Council (PCI-SSC) as just related to the acceptance of credit and debit cards. While these standards are designed to protect cardholder data, the standards are really about the basic IT security of your business, regardless of whether you accept Read More »

Preparing for EMV-Chip

As most businesses know by now, the major card networks have established a shift in liability effective October 1, 2015. As of that date, whichever party (the card issuer or the merchant) does not EMV-chip capabilities will be responsible for counterfeit fraud in a card-present transaction. ATM’s and unattended fuel pumps have an extra two Read More »

Service Excellence Matters

Any good business knows that service excellence matters.  You can have the best products and services but if you don’t support them with a great customer experience, sustainability and profitability will be elusive. At Thrive, we work hard to create great customer experiences, providing each client with their own service contact and striving for resolution Read More »

Use Prepaid Cards to Reward Employees and Incentivize Customers

Prepaid MasterCard or Visa gift cards are an ideal way to reward your employees and incentivize customers and prospects. Employers use the cards, pre-loaded with value, for employee recognition, wellness programs and bonuses. Many businesses find them very useful in providing incentives for customers and prospects to purchase new products and services, for test drives, Read More »

Using Simplified Data Analytics to Increase Revenue

The Insightics Solution, developed by First Data and offered by Thrive Payments, uses your own sales information to offer rich insight into customers, sales and groups of similar businesses. It then translates that information into personalized insights that help you take action, whether that means bringing in new business, better targeting your marketing or understanding Read More »

Tighten Up Your Payment Processing System Before Your Next Fundraising Appeal

With the vast majority of museums in the United States being non-profit, most are no stranger to planning a successful fundraising campaign. It’s safe to say the future of your museum often depends upon prosperous fundraising ventures and strict adherence to budget guidelines. It prompts the question, though; in addition to pursuance of funding from Read More »