In the business realm, there is no one generally accepted standard definition of scalability. However, the primary definition seems to be strongly related to the growth potential of a company, that will increase profits and grow revenue while avoiding cost increases. For example, if a business requires hiring more employees every time sales need to […]
Category Archives: Blog
With the worldwide pandemic of COVID-19, the travel and hospitality industries stagnate. Sheltering at home, social distancing, and fear of contamination are keeping people at home. However, we can still embrace our wanderlust by planning our travel and taking advantage of some opportunities, right now. Travel deals: Many airlines, hotels, cruise ships, lodging, and more […]
By Colt Passey I have few thoughts about staying present and focused on marketing during an economic downturn and what some companies have done in the past. I am not saying that companies should increase spending, but they should continue to drive content out and find ways to market themselves even more now. “As sales […]
The economy is turning down amid the COVID-19 pandemic, but new data analysis shows that in the U.S., e-commerce is on the rise. Research done by Emarsys does have this disclaimer about their findings: This data does not represent the total sales in a market or category, and it is not an economic forecasting or […]
An alarming fact is that 67% of all new jobs in STEM are in computing, but only 10% of STEM graduates are in Computer Science. STEM is the plan published in December 2018 and sets out a Federal strategy for the next five years based on increasing education opportunities for Science, Technology, Engineering, and […]
You are a merchant. You have a business. You want your accounting team to be able to streamline their work as much as possible. Their roles are becoming more complicated with the growth of an online business, international business, and the demands of customers wanting to know about their accounts immediately. Accounts payable managers face […]
Innovation has transformed the financial services industry in the last twenty years. Technology has changed everything. Traditional banking models are being left behind with the rise of financial technology (fintech). The term fintech refers to software and other modern technologies used by businesses that provide automated and improved financial services. Fintech companies are a result […]
Yes, money is covered in germs. No, coronavirus isn’t making it worse. Amid the reports of COVID-19 about symptoms, statistics, protective gear shortages, school closures and more, you may hear an occasional tidbit or two about the safety of handling money or credit cards. The Center for Disease Control (CDC) and the World Health Organization […]
Many companies are having their workers login remotely and work from home, and CMS and Nexio are doing the same. (CDC and COVID-19) To reach us, you don’t have to use smoke signals or send a carrier pigeon! You can call, email, slack, zoom, or text. Fun fact: We have a small group of employees […]
Behind every payment transaction is a complex process that involves banks, cardholders, merchants, payment service providers, and payment processors. Each step is complicated, involving security and protection of data, processing transaction information, and accepting or declining the customer’s payment. Many merchants avoid researching all the steps, and rely on a payment hub, like Nexio, to […]