Archives: June 2016

June 29, 2016

Monitoring Internal Theft With A POS System

One of the biggest cash drains for retailers is caused by internal theft. Theft in the retail environment can be done by the theft of merchandise smuggled out in a purse or backpack, by giving product away to friends who come into the business or by the theft of cash. No matter how it is done, it costs the owner money. A Point-Of-Sale (POS) System can help identify theft and specific losses in conjunction with conducting regular physical inventory checks during the inventory ordering process. Not all losses are caused by theft and a POS system can help identify losses...Read more

June 25, 2016

Chosen Payments Donates $2000 to NLA towards TNC Battle

We are proud to support the NLA in their lobbying efforts to level the playing field between TNC’s and the luxury ground transportation industry.  Together, we can make a difference.  We are in it to win it with our clients in the industry.

June 22, 2016

Can You Yelp Us Out? We Will Yelp You Out!

In this electronic era that we live in, it is becoming standard practice to find and read reviews before actually engaging in business. Back in another era, our parents and grandparents called the Better Business Bureau to inquire about the ethics of a business. While they still exist today and you can even go to their website to check on a business, Yelp set the standard for reviewing restaurants, they soon branched out to become the standard for reviews on almost anything from restaurants in Kalispell to jet-ski rentals in Cabo.   There are a ton of review sites out...Read more

June 15, 2016

Not All Tacos Have Great Flavor. What’s The Flavor of Your Business?

Have you ever noticed that not all tacos are created equal? Taco Bell is perhaps one of the most widely known taco purveyors in the United States. You can find one in almost any city. They are cheap. They are convenient. They have drive-thru lanes. They make buying a taco super convenient. That’s probably where the buck stops. I don’t think anyone ever phoned their mother or best friend to describe how glorious a taco was that came from Taco Bell. However, have you ever had a street taco or a taco that came from a food truck parked on...Read more

June 8, 2016

Wells Fargo Launches Mobile Wallet Pay

Wells Fargo Bank announced at the end of May that it is launching a “mobile wallet” that would be incorporated into the Android version of its existing Wells Fargo banking app. The use of mobile banking is gradually becoming more commonplace as the public continues to embrace the convenience of electronic banking while letting their fears subside. The implementation of a mobile wallet by Wells Fargo could become a major selling point for the bank and cause people currently banking elsewhere to move their accounts to Wells Fargo for the convenience factor. It could also be the catalyst for getting...Read more

June 1, 2016

Why PCI Compliance Exists

You may have been assessed a $30 monthly penalty for failing to maintain a PCI Compliance Certificate with your credit card processor. That $30 does not go to your processor but rather to the acquiring banks who access the fine to your processor, such as Chosen Payments who then pass it on to the merchant. In 2006, an independent body was created by Amex, Visa, MasterCard, Discover and JCB effectively try and reduce credit card fraud caused by the poor handling of credit card information by merchants. On a grand scale, think of Target and its data breach of nearly...Read more