Franchise Tips

Are You All Setup With Your EMV.

While research EMV Credit Card Processing, I came across an article by  Their article titled “Got EMV?: Why You Should, and What’s Aheadgave an great overview of why you as a business and a franchise should have one.  They explained that “With chip-and-signature, someone could still steal your card, use it at a retail establishment and just sign it. No new real security here. As such, there is still a risk of fraudulent transactions at the POS. With chip-and-PIN, there is very little risk of this as the would-be thief would not know your PIN (unless you wrote it on the card).”.  So as a consumer you have more protection against loss if someone has your card.

As a retail merchant, there are a few good reasons to switch over to the new POS platform.  One good reason will be a reduction in credit card charge backs.  This may not seem like a big deal, but for a small business this can present some challenges.

Another reason is better protection for your customers which will leave you with less risk.  You as a business own have enough to worry about, your merchant payment processing should not be one of them.

Tom Epstein of Franchise Payment Networks suggests that if you have a lot of “card present” transactions you as a franchise or business owner should be looking at adding EMV readers.

So who do you go with as a merchant services company.  How do you find the right company to service your needs?  If you are in the Central Florida area we recommend a company called ARX Payment Services.  They have been in the payment service industry for more than 20 years.  They are a boutique firm in the merchant services and credit card processing industry located in Orlando, Fl.  They are so confident in their service they will give you a no-cost audit for any new merchant and will analyze pricing, technology, accounting reconciliation and risk/fraud prevention.

For more information about ARX Payment Services visit them at






Financial Tips

Credit Cards Basics

A credit card is a financial tool which gives you direct access to borrowed money in order to purchase goods and services. This plastic card gives you the ability to use credit given to you by the bank to use for various services and products. You are essentially using the banks money to purchase, which, at the end of the month, you pay back. A credit card is like a mini-loan.

A debit card is often mistaken as a credit card, however, this is where you are using your own funds to pay, so no mini-loan has been given by the bank here and there are no fees to repay. A prepay debit card is similar, though instead of paying straight from your checking or savings accounts, you deposit money into the card’s account solely for the purpose of spending (as if you have paid ahead of your purchase).

Borrowing money in the form of a credit card is not only beneficial for you to access goods and services more easily before you may have your own funds to do this, having a credit card is actually a financial decision that can aid in your future life. Many people obtain a credit card in order to build their credit profile, which will make it much easier in the future for you to get loans, for rental purposes and even purchasing insurance programs. You can earn rewards for purchasing goods and paying on time with many types of cards also. Some tips on how to best use your credit card to ensure that you are reaping the benefits that they can bring are to may on time, every time. Also, paying before the due date to keep the balance low is great for your credit score. Don’t apply for too many cards as once and track your spending, as well as ensure security against fraud by checking your balance online regularly.

For more information about different types of cards and who to choose the best credit card for you, take a look online.