The Payment Card Industry Data Security Standard (PCI DSS) has provided processing security since 2006, but technology and data theft have evolved over time, so the standard must keep pace, as do you. The following are aspects of the PCI DSS that you need to know for your business in 2020.
The world has been pushing toward improving gender equality for a long time. If your company focuses on supporting this cause, your general reputation will benefit from it and it will strengthen the ties to your community. You may be surprised, though, at the direct benefits it gives you from a business perspective.
Even before the COVID-19 pandemic, Canadians were moving quickly toward becoming a cashless society. Today, that has kicked into a higher gear. Sixty-two percent of Canadians report using less cash than they did before the pandemic. More than ever, accepting cashless payments is critical to your growth and success.
Your payment processing is more than having a system to accept payments from customers. Depending on what you have and how you manage it, you may be limiting your own profit potential. Now is the time to look at your payment strategy to find ways to enhance your business and your growth potential.
The current pandemic has hit businesses hard. It presents a challenge perhaps unlike any you have seen since opening your doors. Finding ways to navigate this world might make the difference between thriving and closing your doors.
For years, Canada has been moving closer to becoming a cashless society. Contactless payments are increasing dramatically and have almost caught up to cash. Now, during the COVID-19 pandemic, it's important to understand how contactless payment options, be it digital or cashless, will help keep the virus at bay.
Millennials have received tremendous focus in marketing studies because they are emerging as a powerful purchasing force. As a result, articles abound that describe their habits. If you own or run a business, these studies should help push you toward a focus on newer payment technologies. For Canadian millennials, this means a focus on mobile, contactless payments.
If you do not have a central system to generate and manage the leads you get, you may be letting growth opportunities slip away. An effective lead generation and management system can help you better track and develop your sales, giving you the chance to grow efficiently and effectively.
In many parts of the world today, cash payments are becoming the exception rather than the norm. Most people think of Sweden as leading the charge toward a cashless society, but according to a recent survey, Canada sits today as the most cashless country. There are many reasons for this, but ultimately it points toward leadership in a broader trend among developed countries.