According to BI Intelligence, the volume of mobile payment transactions is expected to double in the coming years and reach $500 billion US in 2020. If you manage a business, here’s what you need to know about this payment technology:
Category: mobile processing
How Mobile Payment Processing Is Growing
Mobile processing is a permanent part of the business landscape, and it is one that continues to grow in importance. Whenever a company decides to reconsider its business strategy to keep up with current demands, the payment system it uses should be a large part of that discussion. Mobile payments are a major component of many companies’ monetary collection systems, making this form of processing all the more important for businesses that want to have a competitive edge in today’s market.
Importance Of Mobile Credit Card Processing
In the past few years, mobile processing has revolutionized the way in which many business models operate, as well as create an avenue for start-ups to get their proverbial feet wet. For example, we all know that most new businesses fail within the first two years. Rather than invest in a physical location, massive inventory, or huge upfront costs, budding entrepreneurs can experiment on a small scale to demonstrate proof of concept.
Benefits Of Mobile Processing For Small Business
In the past, the AVPS team has talked about how mobile credit card processing has revolutionized innovative small business models. From food trucks to seasonal businesses, mobile processing removes the typical restrictions that keep entrepreneurs chained to traditional brick and mortar storefronts.
How Mobile Credit Card Processing Can Boost Efficiency
If you’ve been reading the AVPS blog for the past few months, you know that we’re firm believers that mobile processing can boost efficiency. However, we also know how many small business owners feel about change or incurring a new cost. With the busy holiday season behind us, now is the perfect time to take stock and give your operational performance a check-up.
Impress Your Customers With Innovative Payment Logistics
With the holiday season fast approaching, retailers across the nation are gearing up for their busiest season of the year. For newer businesses, the physical logistics of a sudden influx of customers often presents one of the greatest challenges in defining their brands. Come the first week of December, while you’ll
want to see customers coming through your doors, will you really want to see a long line of impatient people rapidly becoming unsatisfied with their shopping experience?
How AVPS Can Help You Take Your Business Concept To Success
Many entrepreneurs are thinking outside of the proverbial box when it comes to launching new businesses. They see just how the cards are stacked against them, and they don’t want to invest all of their capital without a definitive proof of concept. After the recent recession, entrepreneurs are even more hesitant to launch full-scale operations in such an uncertain economy. While this creates many challenges, it has also created an
environment of possibility From pop-up storefronts to mobile trucks, new businesses are redefining the concept of a start-up, and enriching our communities through their efforts.
Capturing the Magic—Unconventional Business Models Reinvent the Marketplace
As you’ve seen from recent blog posts, AVP Solutions understands that younger entrepreneurs are reinventing conventional business models, and we…
Do You Use Mobile Phone Credit Card Processing? What You Need to Know Now
In fact, even pop-up roadside stands now have the ability to accept payments. As the world moves away from cash-based transactions, mobile processing allows unique business models to gain and retain their customers by accepting credit card payments. However, with the recent changes to credit card processing rules, many of these small businesses may be at risk and not even know it.
East Meets West in Rising Card Use, While Super Bowl Spending Rises, Too
We reported last week that Visa revenue was up in Europe, as more and more people in the EU use cards instead of cash, for their purchases. Which of those EU countries might you guess uses the most cards? Germany? Perhaps the UK, right across the channel from France?
