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 […]
Tag Archives: Payments
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 […]
When your electricity goes out, do you have a back-up plan? Do you have a generator or solar panels? How much power will you need? Can you live on just battery-powered devices? As we are focused on the world-wide pandemic of COVID-19, we should also think of the “power” of having a back-up plan for […]
When setting up a merchant account to process payments, many are confused about the different rates and fees involved. But as with any business decision, fees are just one part of the process. Smart merchants will also look at the ease of setting up their system, ease of using their equipment, and the quality of […]
You sell something and consumers buy it. Simple, right? Well, nothing is really simple with money and transactions. You need to know what your customers want to buy and how they want to pay for it. What type of payments should your business accept? You will want to accept major credit cards like Visa, MasterCard, […]
1. What is Nexio? Nexio is a payment hub: it programmatically connects direct sales merchants, through their software, to a full suite of payment services. Nearly all direct sales companies use one of the 20 back-office software partners. This back-office software has to manage all the direct sales payment chaos. 2. What is payment chaos? […]