What to Prepare for in 2015

Merchant Warehouse

November 19, 2014

With six weeks to go in 2014, retailers should start thinking about the impact 2015 will have on their in-store payments strategy. Next year will likely be one of the most pivotal years in the payments industry. New technologies, new players and new guidelines will all shape the way retailers accept electronic payments. Here are three important topics to consider when planning for 2015.  1.   PCI 3.0 The current PCI 2.0 guidelines sunset on Dec 31, 2014 and will be replaced by PCI 3.0. PCI 3.0 isn’t a major overhaul vs the existing 2.0 guidelines, but it does add new items that businesses should consider and create a plan for solving. The main items to get in front of are: Creating an inventory of hardware used to accept payment with serial numbersTraining cashiers to...

Preparing Your Business for Cyber Monday

Merchant Warehouse

November 18, 2014

Cyber Monday is the most significant marketing event of the holiday season, generating $2.29 billion in online sales during 2013, a 31% increase over online sales during Black Friday. While e-commerce business owners typically enjoy the benefits of Cyber Monday, traditional retailers can also benefit from the increase in traffic. By making some minor updates and optimizing their website, retailers that do not offer e-commerce on their website can in fact increase both foot traffic and in-store sales. Our latest infographic looks at ten tips that retailers can employ to improve their website before Cyber Monday.  Click Infographic to Enlarge   For easy integration of the full infographic on your website, simply copy and paste the following embed code.  <a href="http...

This Month in Payments News: October 2014

Merchant Warehouse

November 13, 2014

Each month we round up the most interesting news in payments, the stories that have the potential to change the industry in ways big and small.  In our monthly series here on the Resource Center, we round up the biggest stories in the payments industry -- the breaking news and developing trends that stand to change this space and herald innovation. In this edition, we’re covering October. Follow along! October was a big month for the payments industry, with yet another credit card breach, plus MCX’s response to Apple Pay and a somewhat surprising new player in the mobile payments space ... Here’s the big news from October:  Apple Pay Competitor CurrentC Faces Security and Adoption Concerns Jack Ma, founder of Alibaba, expressed his interest in teaming up with Apple Pay at...

The 2014 Ultimate Holiday Shopping Guide

Merchant Warehouse

November 10, 2014

Once the turkey settles, holiday shopping season officially begins. This year, shoppers can expect more than 40,000 deals between Black Friday and Cyber Monday, and retailers are expecting November and December sales to top $616.9 billion.The following infographic examines what consumers and retailers can expect during the first few days of the 2014 Holiday Shopping Season, beginning with Thanksgiving and running through #GivingTuesday.  Click Infographic to Enlarge   For easy integration of the full infographic on your website, simply copy and paste the following embed code.  <a href="http://merchantwarehouse.com/2014-ultimate-holiday-shopping-guide" rel="nofollow" title="2014 Ultimate Holiday Shopping Guide"><img src="http://merchantwarehouse.com/sites/...

Merchant Warehouse Announces Partnership with Tomax

Merchant Warehouse

November 3, 2014

Top Retail Management Platform Selects Merchant Warehouse as Integrated Payments ProviderLAS VEGAS, NV -- Money2020 (November 3, 2014) -- Merchant Warehouse®, a leading innovator of payment technologies and merchant account services, today announced a partnership with Tomax, a top platform for omnichannel retail management. As a part of this partnership, Tomax is integrating the Merchant Warehouse GeniusTM Customer Engagement PlatformTM into its cloud-based Retail.net platform, which powers point of sale (POS) transactions for more than 15,000 specialty, general retail, grocery and pharmacy store locations nationwide. “Tomax sees Merchant Warehouse’s Genius platform as a disruptive payment solution, providing a single payment framework for omnichannel integration,” said Eric Olafson, CEO...

The Holiday Shopping Season is Here

Merchant Warehouse

October 31, 2014

This Saturday, November 1st, will officially mark the beginning of retail’s busiest time of the year – the holiday shopping season. According Centro.net, the National Retail Federation estimated that the holiday shopping season can make up 40% of a retailers’ revenue for the entire year. The Thanksgiving holiday alone has produced a series of complimentary “shopping holidays” appropriately coined Black Friday and Cyber Monday. Companies like American Express have also gotten in on the action and have launched programs like Small Business Saturday to not only help small business owners, but to also capitalize on the benefits surrounding this very busy and profitable time of the year. The holiday shopping season ignites a lot of activity and promotes commerce in a big way. Aside from...

TouchBistro and Merchant Warehouse Team up to Deliver Apple Pay to Restaurants

Merchant Warehouse

October 28, 2014

Merchant Warehouse GeniusTM Customer Engagement PlatformTM supports NFC, enabling TouchBistro locations to readily accept payments via Apple Pay  NYC and BOSTON – October 27, 2014 – TouchBistro and Merchant Warehouse today announced that the companies are working together to ensure restaurants and food service businesses that use the TouchBistro POS solution have access to the widest selection of options that patrons can use to pay for their food and drink orders. TouchBistro uses the highly secure Merchant Warehouse Genius Customer Engagement Platform to process payments made via the TouchBistro POS solution. Genius supports mobile commerce using technologies such as NFC and QR codes, and is designed to accept all current and future payment types – including LevelUp, PayPal,...

EMV Transactions: What You Need to Know

Merchant Warehouse

October 22, 2014

With Europay, MasterCard and Visa (EMV) rapidly approaching the U.S. markets, consumers, businesses and software developers may start hearing other buzz words regarding certain form factors associated with this alternative payment type. EMV has traditionally been referred to as Chip and PIN as implementations in Europe and around the world. Chip and PIN typically requires the consumer to enter a PIN (personal identification number) with every transaction.  That may change with the US implementation based on overall payment infrastructure and consumer expectations. Similar to traditional mag-stripe and contactless payments where a payment may require a PIN or signature for verification, EMV can support multiple cardholder verification methods (CVM) for a transaction. These are set...

Partner Case Study: Big Frog and Genius by Merchant Warehouse

Merchant Warehouse

October 21, 2014

Big Frog and Genius by Merchant Warehouse A month after acquiring his Big Frog Custom T-Shirts & More Store, Tim Campbell, Pond Owner & Principal Frog, was researching payment processing options that were integrated with his ReSource POS software. Tim was drawn to Merchant Warehouse because of their payment solution, the Genius Customer Engagement Platform. With Genius, Tim was able provide his customers with a unique customer engagement experience at the counter-top and create unique opportunities for his business. Tim could not only take advantage of enhanced security, streamlined support, and a myriad of value-added capabilities, he was able to significantly save on credit card processing fees and transaction fees.   PIN Steering - How it Can Save you Money Genius...

Preparing Your Business for EMV

Merchant Warehouse

October 15, 2014

In October of 2015, EMV will become a reality for those individuals involved in the process of accepting credit cards. While Visa, Mastercard, Discover, and American Express, each has their own unique description for the changes in liability, beginning in October 2015 when a fraudulent transaction occurs, liability for any resulting counterfeit losses will fall on whichever part of the chain is responsible for the EMV transaction not occurring.If your business is not EMV ready, now is the time to begin developing and implementing your EMV roadmap. Learn more about EMV, the liability shift, and your responsibilities in our latest infographic below. Click Infographic to Enlarge   For easy integration of the full infographic on your website, simply copy and paste the following...