August 21, 2008, by admin
SARASOTA FL – Many merchants won’t accept checks. Most merchants should.
So says Gino Kauzlarich, President & CEO of MerchantService.com, a pioneering provider of electronic commerence and trasaction processing related services. “The new Check 21 technology is here now where we can quickly scan a check at both the back office or point of sale on a low-cost scanner, screen it against a national “bad check writter” database, and if it clears – electronically deposit it into your merchant checking account as soon as the next day, without you ever having to take it to the bank.” Mr. Kauzlarich says. “It tremendously lowers the risk of taking a bad check, thereby enabling merchant’s to make more sales. In addition, we have an optional Guarantee Program that eliminates NSF checks altogether that costs roughly the same as taking a credit cards”
August 1, 2008, by admin
First Data Corportaion
First Data Competitive Intelligence, in conjunction with Market Strategies International, conducted the QSR Prepaid/Gift Card Study with over 4,000 U.S. consumers in August 2008.
51% of QSR gift card self-purchasers and receivers indicate they visit QSRs more often when they have a gift card. Self purchasers visit a QSR an average of 5.6 times per month, while receivers visit less frequently, 3.6 times per month. Three-quarters of QSR gift card users indicate they make additional visits to a QSR at least twice a month because of a gift card.
Merchants who promote gift cards, especially for self-purchase as a spending card, can encourage additional visits to the QSR. While gift card receivers visit less often than self-purchasers, they are still a valuable customer for the QSR. Encouraging gift card reload among receivers is a way to increase frequency of visit.