B2B Vault: The Payment Technology Podcast

Significant Changes are coming from Visa and the Card Brands! Starting April 15th 2023: Visa and Card Brands are changing the rules. What you need to know as a business owner: Don’t get caught with your pants down – you must pay attention to this. The scary news is surcharge is changing to 3% from 4% - should you worry about that? Numerous programs say – to pay 0% for credit card processing and pass the fee to your customers. Which program you use is the question you need to ask. Some companies give their program a name, and some do not. Also, what signage do you have at your business or on your invoices? Which program are you on? Surcharge? Cash Discount? Non-Cash Adjustment? Dual Pricing? What does your signage say at your business? Surcharge? Get a discount when you pay with cash? Do your receipts and or equipment show cash price and credit price? Everyone needs to check and see if you need to update your equipment, program, and signage before April 15th; all processors are ready. Do you need new technology? Are you ready to make a change? Today technology is the driver that makes our lives easier, helps us run our businesses, and more!

Welcome to Fintech Friday! Today we are diving into the banking mess with three banks going under. We talk about what happened and what the government is doing about it. The winners - Depositors getting all their money back even though 80% of them had over $250K which is the FDIC insurance limit. The losers -Bank Executives and Investors Bank Executives and board members were all fired. From the rest of the fallout and news - someone should go to JAIL. Investors - Are not getting their money back. It is lost. One Investor, Kevin O'Leary, AKA Mr. Wonderful from Shark Tank was all over every news outlet saying he lost over $10 Million Right now, many tech companies, Saas companies, and startups are looking for a backup bank relationship and possibly merchant services. Hope everyone enjoys this podcast - we will probably have part two as more of the story is exposed.

Introduction: In today's digital age, businesses are looking for ways to offer customers a more convenient and secure payment experience. This is where alternative payments come in. In this episode, we will discuss what alternative payments are, their benefits, and why businesses need to offer them to stay competitive in the market. Segment 1: What are Alternative Payments? In this segment, we will define alternative payments and explain how they differ from traditional payment methods such as credit cards, debit cards, and cash. We will explore the various types of alternative payments, including e-wallets, mobile payments, cryptocurrency, and others. Segment 2: Benefits of Alternative Payments In this segment, we will discuss the benefits of alternative payments for both customers and businesses. We will cover the convenience, security, and speed of alternative payments, and how they can reduce transaction fees and chargebacks for businesses. Segment 3: Why Businesses Need to Offer Alternative Payments In this segment, we will explain why it is essential for businesses to offer alternative payments. We will discuss how alternative payments can increase customer loyalty, attract new customers, and help businesses to stay competitive in the market. We will also explore the challenges businesses may face when implementing alternative payments and how to overcome them. Conclusion: In conclusion, alternative payments are essential for modern businesses to offer a convenient, secure, and seamless payment experience to customers. By implementing alternative payments, businesses can improve customer satisfaction, increase revenue, and stay competitive in the market.

In today's episode Allen & Justin head down to The Alternative Products Expo in Fort Lauderrdale. They had such a great time last year they thought they should try it again. Justin met up with an old friend from Milwaukee there who owns Highly Edibles. They manufacture cbd edibles, hemp flower and much more. Listen to episode 151 to learn more about the alternative products expo, cbd, kratom, high risk businesses and how we can help you with your merchant account. Description: CBD, or cannabidiol, has exploded in popularity in recent years due to its potential health benefits. However, despite its growing mainstream acceptance, the CBD industry still faces significant challenges when it comes to payment processing. In this episode, we'll take a closer look at the state of CBD and payment processing, and explore the challenges that CBD businesses face in accepting payments. First, we'll dive into the current legal landscape surrounding CBD and payment processing. While the 2018 Farm Bill legalized industrial hemp, including the production and sale of CBD derived from hemp, CBD products are still subject to a patchwork of state and federal regulations. We'll discuss how these regulations impact payment processing, including the difficulty that CBD businesses face in finding payment processors that are willing to work with them. Next, we'll explore some of the specific challenges that CBD businesses face when it comes to payment processing, such as high fees and limited options for payment methods. We'll also look at some of the workarounds that CBD businesses are using to overcome these challenges, such as alternative payment methods like cryptocurrency and e-checks. Finally, we'll discuss the opportunities that lie ahead for the CBD industry when it comes to payment processing. As more states legalize cannabis and CBD, and as public acceptance of these products continues to grow, we may see more payment processors enter the market that are willing to work with CBD businesses. We'll also explore how innovations in payment technology, such as blockchain-based solutions, could help CBD businesses overcome some of the challenges they face. Overall, the state of CBD and payment processing is complex and rapidly evolving. In this episode, we'll unpack some of the key issues and explore what the future may hold for this dynamic industry.

Social media verification is a badge of credibility that distinguishes users who have been confirmed by the platform as being who they claim to be. The verification badge typically appears as a blue checkmark next to a user's name or handle, and it can be a valuable tool for building trust and authenticity online. But how much is that trust and authenticity worth? That's the question we're asking our listeners today. We've asked around and now were asking our listeners. Can you tell us how much you would be willing to pay to be verified on social media?  To kick things off, let's take a look at the different types of verification that are available on social media platforms. On Twitter, verification is currently on hold while the platform revamps its verification program. Previously, users could apply for verification by submitting information about themselves and their online presence. Twitter would then review the application and either grant or deny verification based on a set of criteria, such as being a notable public figure or brand. Facebook, on the other hand, offers two types of verification: individual and business. Individual verification requires users to submit a government-issued ID and other personal information to confirm their identity. Business verification requires additional documentation, such as business licenses and tax filings, to verify the legitimacy of a company. Instagram also offers verification for individual and business accounts, but the process is more opaque. Users cannot apply for verification directly but must instead meet certain criteria, such as being a public figure or brand with a significant following. Instagram then decides whether to grant verification based on these factors. So, with all of that in mind, how much are our listeners willing to pay for verification? We also explore the potential risks and drawbacks of paid verification. For example, charging for verification could lead to a two-tiered system where only those who can afford to pay are deemed credible by the platform. This could exacerbate existing inequalities and create a barrier to entry for new users or smaller businesses. Moreover, there are concerns about the accuracy and reliability of verification processes. If platforms start charging for verification, they may be incentivized to be less strict with their criteria or to outsource verification to third-party providers, which could result in lower standards and increased fraud. We conclude the episode with a call to action for social media platforms to consider new and innovative ways of offering verification services that balance the need for credibility with the need for privacy and accessibility. Whether that involves offering free verification, charging a small fee, or exploring alternative models, there is no doubt that this is a topic that will continue to be debated and discussed in the months and years ahead. Thanks for tuning in to B2B Vault: The Payment Technology Podcast. Don't forget to subscribe and leave us a review if you enjoyed this episode!

It's time for the February Monthly Wrap-up Episode. We will talk about all the episodes we did during the month. Check Scams - time to start taking ACH - Episode 140 Has tipping culture gone too far? What do you think? Episode 141 7 Rules for small business in 2023 - what laws has the government passed that are going to affect business owners - this is a must-listen-to Episode 142 Where do small businesses go for resources - Episode 143 If you own a business or are you starting a business? How shoplifting, online shoplifting, and Dine and Dash affect businesses, consumers, and employees. Episode 144 Point of sale pain points & how business can work through those challenges, and we talk about must-have features, Episode 145 Is Fintech or Financial Technology changing the way we bank? Fintech vs. Traditional Banking - Episode 146 The birth of B2B Vault - Why we started the podcast? And check out the new studio on our YouTube Channel! Episode 147 We love coming up with topics and talking about business, payments and how to use technology in your business!  Carpe Diem 

Welcome to today's episode of B2B Vault. In this episode, we'll be discussing the benefits of point of sale (POS) systems for restaurants. POS systems have become an integral part of restaurant operations, helping restaurant owners streamline their business and enhance the customer experience. Allen Kopelman is an expert in restaurant operations, to get an in-depth understanding of how POS systems can help restaurants improve their bottom line.

Allen and Justin, the co-founders of B2B Vault: The Payment Technology Podcast, had always shared a passion for payment technology and the role it plays in transforming the way businesses operate. Both were working in the payment technology industry, but they noticed a gap in the market for a podcast that focused specifically on the B2B (business-to-business) side of payment technology. They had seen plenty of podcasts that covered consumer payment technologies, but there was a clear need for a platform that would delve deeper into the specific challenges and opportunities facing B2B payment technology companies. They felt that such a podcast would be valuable not only for payment technology professionals but also for business owners and decision-makers who were looking to stay ahead of the curve in this rapidly evolving field. With this in mind, Allen and Justin began to plan the podcast, envisioning it as a space where payment technology experts and business leaders could come together to discuss the latest trends, share insights and best practices, and offer practical advice for navigating the complex world of B2B payment technology. They drew on their own expertise and networks to secure interviews with some of the industry's top thought leaders and innovators. They also leveraged social media and online forums to spread the word about their podcast, and soon began to build a dedicated following of listeners who appreciated their insightful, informative approach to the topic. Over time, B2B Vault has grown into a thriving community of payment technology professionals and enthusiasts, with listeners tuning in from all over the world to stay up-to-date on the latest developments in the industry. Allen and Justin continue to expand the podcast's reach by regularly featuring new guests, offering practical tips and advice, and engaging with their listeners through social media and other online channels. Their vision of a podcast dedicated to B2B payment technology has become a reality, and their passion and commitment to the field continue to inspire others to push the boundaries of what's possible in this exciting and dynamic space.

Welcome to today's podcast episode, where we'll be exploring the question: is financial technology changing how we bank? In recent years, the rise of financial technology, or fintech, has brought a new level of convenience and accessibility to the world of banking. But with this change, also comes the question of what impact it has on traditional banking methods.   To begin, let's take a look at what fintech is and how it's changing the way we bank. Fintech is a broad term that encompasses all types of technology used to support financial services. It includes mobile banking apps, online payment platforms, robo-advisors, and peer-to-peer lending platforms, among others. With the development of these technologies, banking has become more accessible and convenient than ever before.   One of the most significant impacts of fintech on banking is the increase in mobile banking apps. These apps allow customers to access their bank accounts, transfer funds, and make payments, all from the convenience of their smartphones. This accessibility has not only made banking more convenient but also more secure, as customers can monitor their accounts and transactions in real-time, reducing the risk of fraud.   Another way fintech is changing how we bank is through online payment platforms. Services like PayPal, Venmo, and Square have made it easy for people to send and receive money without needing to use traditional banking methods. This is particularly useful for small businesses or individuals who may not have access to traditional banking services.   Fintech is also changing the way we invest and manage our finances. Robo-advisors, for example, use algorithms to create investment portfolios that are tailored to an individual's goals and risk tolerance. This technology allows investors to have access to investment advice and services that were previously only available to high net worth individuals.   Peer-to-peer lending platforms, like Lending Club and Prosper, have also changed the way people access credit. These platforms connect borrowers with lenders, making the lending process more efficient and cost-effective. This type of lending is particularly useful for individuals who may have difficulty accessing traditional banking services, like those with low credit scores or those who are self-employed.   While fintech has undoubtedly made banking more accessible and convenient, it's also raised concerns about privacy and security. With so much personal information being stored online, there's a risk of data breaches and fraud. There's also a concern that traditional banking services may be left behind as more customers turn to fintech services.   However, it's important to note that fintech is not necessarily a replacement for traditional banking methods. In fact, many traditional banks are embracing fintech and incorporating it into their services. For example, many banks now offer mobile banking apps and online payment platforms. This integration of technology has allowed banks to compete with fintech startups and retain their customers.   So, what does the future of banking look like in a world of fintech? It's likely that we'll continue to see more integration of technology into traditional banking services. For example, we may see more banks using artificial intelligence and machine learning to personalize their services and offer more tailored advice to customers. We may also see a rise in digital currencies and blockchain technology, which could further revolutionize the way we make transactions and manage our finances.

In today's podcast Allen & Justin discuss the common problems that retailers face with their point-of-sale (POS) systems.   Point-of-sale systems are the backbone of any retail business. They enable merchants to track inventory, process transactions, and manage customer information. However, these systems can be problematic at times, causing headaches for retailers and their customers.   The first problem retailers face with their POS systems is the lack of integration. Many retailers have different systems for their inventory management, customer relationship management, and sales processing. The lack of integration between these systems can cause discrepancies in inventory levels and lead to customer frustration when their information is not updated across all systems.   The second problem is slow transaction processing. In today's fast-paced world, customers expect a speedy checkout process. When the POS system takes too long to process transactions, customers may abandon their purchases, leading to lost revenue for retailers.   The third problem is the lack of data security. POS systems are vulnerable to cyber-attacks, which can compromise customer data and lead to significant financial losses for retailers. A breach of customer data can also damage a retailer's reputation, leading to a loss of customers and revenue.   The fourth problem is outdated hardware and software. As technology advances, older POS systems become obsolete and may not meet the changing needs of the retail industry. Outdated hardware and software can cause slow transaction processing, crashes, and other issues that can negatively impact a retailer's business.   Finally, the lack of training and support for employees is another common problem with POS systems. Employees who are not properly trained on how to use the system can make mistakes, leading to incorrect pricing, inventory discrepancies, and other issues.   To overcome these problems, retailers can take several steps. They can invest in an integrated POS system that streamlines all aspects of their business, providing real-time updates on inventory levels, customer information, and sales data. Retailers can also invest in the latest hardware and software to ensure that their systems are up-to-date and meet the changing needs of the retail industry.   Furthermore, retailers should prioritize data security and invest in robust security measures to protect customer data from cyber-attacks. They should also provide regular training and support to employees to ensure that they are equipped with the knowledge and skills to use the POS system effectively.   In conclusion, while POS systems are an essential component of any retail business, they can also cause various problems. By investing in an integrated, up-to-date system, prioritizing data security, and providing training and support to employees, retailers can ensure a smooth and efficient checkout process, leading to happy customers and increased revenue.

In todays episode Allen & Justin will be discussing a topic that has been a longstanding issue for many small businesses - Dine & Dash. For those who are unfamiliar with the term, Dine & Dash is a situation where a customer leaves a restaurant or a food establishment without paying their bill. This has become a widespread problem, and it affects small businesses the most. Many small businesses operate on thin margins, and Dine & Dash can significantly impact their bottom line. This type of behavior is not only unfair but also illegal. When a customer Dine & Dashes, the business owner is left with the bill and no way to recoup their losses. Small businesses often have to take measures to prevent Dine & Dash from happening. One way to do this is by asking customers to pay before they receive their food or by taking a credit card as collateral. However, these measures can also deter honest customers and negatively impact the customer experience. Dine & Dash is not only a financial burden for small businesses, but it can also affect their reputation. If a business is known for being a target for Dine & Dashers, it can deter potential customers from visiting the establishment. It's important to note that Dine & Dash is not exclusive to small businesses. Larger establishments are also affected by this problem. However, small businesses are more vulnerable to the financial impact of this type of behavior. So, what can be done to prevent Dine & Dash? One solution is to have a clear policy in place and to communicate it to customers. This can include asking for payment upfront or having clear signage indicating that Dine & Dash will not be tolerated. Another solution is to invest in technology that can help prevent Dine & Dash. For example, some restaurants use software that tracks customers and their orders to deter dishonest behavior. In conclusion, Dine & Dash is a problem that affects small businesses and can have a significant financial impact. While there is no one-size-fits-all solution, having clear policies in place, investing in technology, and communicating with customers can help prevent this type of behavior. Thank you for listening, and we hope you found this episode informative.

In today's episode we discuss resources for small businesses, entrepreneurs, and freelancers. Whether you own a business or are thinking of starting a business this episode will help. There are a ton of resources available for small business that most people are unaware of.

1. How independent contractors 1099 will be classified: This could disrupt many businesses - the new classifications are already an issue in California under AB 5. The federal Government is making similar rules. https://www.federalregister.gov/documents/2022/10/13/2022-21454/employee-or-independent-contractor-classification-under-the-fair-labor-standards-act 2. Expanding the SBA lender network: This is a hot mess - during Covid, this happened and now there are a number or lawsuits and new rules. These Fintech lenders need to be held accountable and the government needs to a better job with controlling FRAUD. 3. Federal Trade Commission (FTC) proposes broadly banning non-compete agreements: Also, this could encompass non-disclosures and more - let's hope this stops the nonsense about stopping people from working in an industry - business owners need their secrets and customers protected. 4. Treasury Department's final rule would require detailed business ownership information: This could cause an issue in states like Delaware, Wyoming and Nevada, and a few others that do not disclose ownership on corporate documents that are available to the public. The exemptions always puzzle me as they say companies with 20 or more employees or $5m in revenue don't have to comply - that's just wrong. Could everyone please do it? FinCen wants to know who owns all these small companies and the IRS. Another attack on small business owners! 5. Immigration services fee for businesses: Raising the fee to bring people to work in the USA from $40-$50 to $1000. Personally, I like that! Google and many companies are laying these people off now and they will have to go home unless they find jobs quickly. (60-90 days) 6. Tighter rules and regulations on fund managers, and venture funds: This includes all types of Fintech companies - this is to ensure we do not have another FTX nightmare!That is why the SBA needs better controls as well. 7. Reprieve on payment network transaction requirements from IRS: The rule about reporting $600 or more on 1099K from Venmo, PayPal, Zelle, cash app etc.. has been delayed. The rule about reporting the $20,000 is still in tack or 200 transactions. This is cumulative across all payment types. The IRs will try to figure it out by the end of 2023. Meanwhile, many of these providers have made people turn their accounts into business accounts. Doing a little housekeeping themselves.

Today, we will be discussing the topic "Has The Tipping Culture Gone Too Far?" So we got the idea for this podcast after watching quite a few TikTok videos and reels on FB and IG. Quite a few people were stirring the pot about tipping, and we wanted to chop it up and talk about tipping culture. Tipping at restaurants is not what we are talking about - but all the other places asking for tips. We want to know if you think tipping is out of control, what places you have seen asking for tips that you like or don't like. We also learned that TIPS stands for To Ensure Prompt Service! So if you get good service - leave a good tip! What is Tipping Culture and its origin Tipping is a practice that originated in 17th-century England as a way for customers to show appreciation for good service in a tavern or coffeehouse. In the United States, it became a widespread practice in the early 20th century, and today, it is a widespread custom around the world. Tipping is often seen as a way to reward good service, but it has also become a source of controversy and debate. Pros of Tipping Culture Tipping can be seen as a way to incentivize good service. Service workers who receive tips often work harder to provide better service to their customers, which can lead to a better overall dining or service experience. Additionally, tipping can provide a source of income for workers who may not earn a high wage from their employer. Cons of Tipping Culture On the other hand, tipping culture has also come under criticism in recent years. Some argue that it is an inconsistent and unfair way to compensate service workers, as the amount of money a worker earns through tips can vary greatly based on the number of customers they serve and their individual behavior. Additionally, it can put workers in the position of having to rely on the generosity of their customers for a significant portion of their income, which can be uncertain and unpredictable. Alternatives to Tipping Culture One alternative to tipping is a service charge, which is a fixed amount added to a customer's bill. This would provide a more consistent and predictable source of income for service workers, but it may also reduce the incentive for good service, as customers may feel less motivated to tip if they believe a portion of their bill is already going towards compensating the service staff. Tipping culture is a complex issue that has both advantages and disadvantages. Whether it has gone too far is a subjective matter, and opinions will vary. However, it's clear that the current system has its flaws, and it may be time to consider alternative ways to compensate service workers in a more fair and equitable manner. Thank you for listening to this episode of the Thoughtful Pod.

In this episode of B2B Vault: The Payment Technology Podcast, we dive into the world of check fraud and its impact on businesses. Join us as we discuss the latest techniques used by scammers, the warning signs to look out for, and the best practices for avoiding check fraud. Whether you're a business owner or a payment professional, this episode is a must-listen for anyone looking to protect their organization from financial loss. Tune in and arm yourself with the knowledge to stay ahead of the game in the fight against check fraud. The world of check fraud is constantly evolving, and it can be difficult for businesses to keep up with the latest tactics used by scammers. However, by staying informed and educated, businesses can better protect themselves against these types of crimes. In this episode, we will be discussing the latest trends and techniques used by scammers, as well as the warning signs that businesses need to be aware of. Fraud is a growing problem, affecting individuals and businesses alike. In this article, we will discuss several types of fraud and how to protect yourself and your business from being a victim. Business Fraud Businesses are often targeted by fraudsters who try to rip them off through fake purchases, shipping scams, and fake loan services. To protect your business, you should always be wary of large purchases, shipments to P.O. boxes or UPS stores, and cards with damaged chips. To avoid chargebacks, never key in a card where the chip is not working, and always be on the lookout for scams that promise to get you money from the government. Stay informed about the latest scams and be sure to double-check any offers that seem too good to be true. Personal Fraud Personal fraud can take many forms, from fake emails and phone calls to scams through instant messenger and pay apps like Zelle and Cash App. One of the biggest scams currently affecting individuals is the massive lawsuit involving Zelle and some banks. Other common personal frauds include fake emergency situations like a relative in trouble, the IRS, or a fake Amazon purchase, as well as texts asking for payment for a rental or mortgage. How to Protect Yourself To protect yourself from personal fraud, it's important to be vigilant and never share your account information, such as your PIN, passwords, social security number, or credit card numbers, with anyone. If you ever receive a call or text that you question, hang up and call the actual company directly, or simply do nothing. Only send money to friends, family, and others that you know and trust, and always be cautious when receiving requests for transfers or payments. Stay informed about the latest scams and frauds, and be sure to keep your personal information secure. In conclusion, fraud is a growing problem that affects everyone. By being informed and vigilant, you can protect yourself and your business from being a victim.

In today's episode of FinTech Friday, Allen & Justin have the pleasure of talking shop with Chris Curtin, Co-Founder of CurPay. CurPay is an easy-to-use digital payment and portfolio management software platform. We'll discuss the future of cryptocurrency, NFTs, alternative payments, and much more. Tune in at @3PM EST today!  

1. Introduction Brief overview of the current state of the payments industry Explanation of why 2023 is shaping up to be a year of significant change in the payments landscape Preview of the 6 payments trends that will be discussed in the article 2. Increased adoption of real-time payments Explanation of what real-time payments is and how they differ from traditional payment methods Discussion of the benefits of real-time payments for both consumers and businesses Analysis of the factors driving the adoption of real-time payments in 2023 3. Growth of mobile payments Explanation of how mobile payments work and the different technologies that enable them Discussion of the increasing popularity of mobile payments among consumers Analysis of the impact of mobile payments on the payments industry, including how they are changing the way businesses accept payments 4. Expansion of contactless payments Explanation of contactless payments and how they are different from traditional card payments Discussion of the benefits of contactless payments, including convenience and security Analysis of the increasing use of contactless payments in various regions around the world, and what factors are driving this growth 5. Emergence of digital currencies Explanation of digital currencies, including Bitcoin, Ethereum and Libra Discussion of the use cases for digital currencies and how they differ from traditional fiat currencies Analysis of the potential impact of digital currencies on the payments industry, including how they could change the way consumers and businesses make transactions 6. Adoption of open banking Explanation of what open banking is and how it works Discussion of the benefits of open banking for both consumers and businesses Analysis of the factors driving the adoption of open banking in various regions around the world, and what the future of open banking might look like 7. Growth in e-commerce payments Explanation of the different types of e-commerce payments, including online marketplaces, direct online retailers, and digital platforms Discussion of the benefits of e-commerce payments for businesses and consumers Analysis of the factors driving the growth of e-commerce payments in 2023 and beyond. Conclusion and summarize the trends and potential future impact 8. Conclusion Summary of the 6 payments trends discussed in the article Discussion of the overall impact of these trends on the payments industry Thoughts on what the future of payments might look like in 2023 and beyond.

We asked ChatGPT to create a podcast outline for the show. AI is a great tool and we have been using it for a while now. With the release of ChatGPT we thought it would be cool to have the podcast topics and points from ChatGPT. We discuss a few other ways businesses can integrate AI into their business processes.

Alternative Payments have been talked about for a while and are starting to grow in popularity. How will businesses use these alternative payment methods, and what are the advantages and disadvantages? We will discuss on this edition of Fintech Friday - everything alternative payments. Is there a growing demand from consumers? What types of payments are there? How do they work? What are the challenges and considerations businesses should think about? Businesses need to stay up to date on the latest payment methods and technologies, and trends to remain competitive and meet the needs of consumers of all ages.

In today's episode of 📻🎙️ FinTech Friday from B2B Vault: The Payment Technology Podcast; Allen & Justin discuss digitizing your bank, credit union or community bank. A big opportunity exists for Financial Institutions right now while many of the large banks are asleep at the wheel!!! The time is now for Financial Institutions to partner with FinTech Companies! Why partner with FinTech? What value can Financial Technology bring to the table? What types of services can FinTechs bring to banks? Non- Interest Revenue Generators Merchant Services – Payment Processing Where are your customers going now? PayPal, Square, Stripe, Quickbooks What is missing? 🚀 Fast Approvals- are not happening with a traditional merchant account provider 🚀 Pricing is complicated 🚀 Merchants want it done fast and its not 🚀 Lots of high-risk categories not getting approved 🚀 Mid-risk or poor credit or small companies not getting approved 🚀 Not Flexible Banks can also leverage – ATMs Bank Branded ATMs at locations the bank finances Merchants who need ATMs Banks can make their debit cards surcharge-free USAA surcharge-free ATM program

Today we dive into the past and what we discussed and predicted in 2022 as payment, fintech, and business trends. There were plenty of winners, some that won that we don't like, and some losers on the list of things we wish would have happened but did not. One popular subject on the podcast is Cannabis, and I can say that it is disappointing that Congress has not acted and passed the SAFE Banking ACT. This needs to get passed in 2023!!! CBD, HEMP, and Kratom continue to struggle with banking and merchant services - there are too many Government agencies on top of these industries. The list for 2022 included QR Codes made a huge comeback, and that continues; alternative payments didn't happen yet, but we are hopeful for 2023 on that one. Self Service Kiosks and Self-checks out are a pain and are going to cause a lot of strife for jobs for our young people, but it is a train that is not going to stop - and we saw Mcdonald's open a new restaurant with no human contact - Crypto had its ups and down in 2022 and ended in a crash and burn with FTX and SBF. - Let's see if in 2023 - if it can make a comeback! E-commerce continues to grow, grow and grow - the future is strong, and bringing alternative international payments to these merchants could make 2023 an exciting year. E-invoicing and Payment Portals were popular in 2021 and 2022 and will continue to grow in the B2B sector. ATM's going away - that did NOT happen, and the ATM industry is strong as ever and growing; cashless ATMs are in trouble, and Visa is threatening businesses with a $50K fine. Other exciting products are coming to the ATM market that will turn machines into Financial Kiosks. 2023 looks to be very exciting, with many developments in these areas. Real-Time Payments, Pay by Bank, Alternative Payments, Cryptocurrency, Omni Channel Solutions for the SMB Market, Business specific software market will continue to see rapid growth, Banks partnering with Fintech Companies, Passing the fee to the cardholder, Faster Approvals for merchant accounts - will that be a huge trend - we say YES. We see High-Risk Merchant services going thru some changes as companies merge, and there are fewer choices for these merchants. Government Regulation: We talk about Durbin, the good, the bad, and the ugly. Listen in, and let us know what you think might be the next big thing in payments and fintech for 2023!

So 2022 is almost over, and we covered many subjects on the podcast over the year. This past month was busy with all sorts of crazy news stories, and we were active at the office with many different projects. Here are the topics we talked about in the last month: We thought "Cannabis" would rise and Congress would pass the Safe Banking Act - only to find out that they kicked the can down the road again. Then we get notices from Visa and the Banks that we deal with about Cashless ATMs and that they are shutting it all down and fining business and the companies who placed them $50K per device. Cryptocurrency has been in the news the last month with the FTX debacle. Congress, CFPB - Consumer Financial Protection Bureau, SEC Security, Exchange Commission, and FinCEN are all cracking down on the "Digital Asset" industry. Making stiff laws regulating Anti Money Laundering Rules and Regulations and Crypto companies have until Feb or March 2023 to finish up audits. In our opinion, the law regarding how Crypto is handled needs to be changed to what Japan is doing; there, you can purchase, then the crypto/tokens are moved to another platform that acts as a bank to hold the Crypto/Tokens. This way, what happened at FTX can't occur; Coinbase has a setup similar to that - where you purchase on Coinbase, and then the crypto/tokens are held in the Coinbase wallet. We talked about our community giving project.  https://nationwidepaymentsystems.com/community-giving-project/ We talked about how scams are on the rise right now, especially during the holiday season; everything from check fraud (watch for future podcast), shoplifting, and friendly fraud in retail and restaurants, along with fraud on the internet with e-commerce and Identity Theft.  We covered how to Thrive in a Recession and down economy and provided some excellent advice and lessons from the past about things we had had to deal with when it came to business and experiencing similar circumstances. Digitizing your business and marketing needs to be on your list of things to do for 2023! We talk about the need for companies to use Social Media, Google my business page, reviews, upgrade your website, look at the technology you are using in your business today, and see how you can update that. Businesses all need to embrace the new way to do business - OMNI Channel or Compete Business Solution and offer your customers the services that the big companies offer - we have it all available for you! Have a website that provides delivery, in-store pickup, and curbside pickup so you can compete in 2023!  Level up your technology!  We also explain what the F is a Merchant Account and What the difference is between a bank account and a merchant account. Also, we explain why you need separate business bank accounts to save money on taxes and more! And we describe a simple formula of how to figure out how to calculate what you pay for credit card processing. You have to listen to get that GEM. We also answered quite a few viewer/listener questions that were sent in. Keep sending those questions to us, post on our various social media accounts or send a message, your question could get featured on the podcast, and we might send you some SWAG.

In today's episode of 📻🎙️ B2B Vault: The Payment Technology Podcast Allen & Justin talk about a few trends we are at the end of 2022, and 2023 looks like it's going to be an exciting year regarding new payment options for businesses.  We covered in this podcast: 🚀 What is going on with Digital Assets - and will there be regulation  🚀 Congress has some bills to regulate Digital Assets, and ask Crypto and other Tokens. 🚀 New AML - Anti Money Laundering requirements could cause some issues in the beginning of 2023 and cause some companies to close down permanently or temporarily  🚀 Banks and Credit Cards - now have to buy pay later built in and could spell the end for these buy now pay later fintech companies or at least reduce their revenue in 2023 🚀 Passwords and the need to go passwordless in the news constantly and someone needs to figure it out. 🚀 Chargebacks - especially Friendly Fraud is in the news - and business owners need to fight back, we discuss how to win more chargebacks!  🚀 Cannabis continues to be in the news  - The Safe Banking Act - kicked down the road by Congress and Visa is pushing forward on the cashless ATM crackdown with $50K fines per device. 🚀 Retailers asking for tips - we discuss whether this is good, bad or ugly. 🚀 Real-time payments and pay by the bank - will these emerge in 2023 - time will tell. Carpe Diem Other Episodes You’ll Enjoy Episode 126 - Financial Brand Forum 2022 in Las Vegas | Digitization in Banking Episode 61 - The Future of Payment Processing, FinTech & Business Episode 117 - Why did I get kicked off of Stripe, Square, PayPal etc.? Resources https://b2bvault.info/ https://nationwidepaymentsystems.com/

In Today's Podcast, we are discussing our Community Giving Project for 2022. We sat down with our staff and discussed donating to a few local charities. We have been supporting charities in the South Florida area since our inception in 2001.   This year we wanted to involve the employees and go out and visit some local charities that we all decided upon, and we chose them because we feel that they are doing good work in the community.   We created a webpage on our website with each charity and a description of what they all do, and it was nice to go out and meet the people that run the charities and see precisely what they do.   These non-profits are doing various things, helping the environment, children, and veterans, and providing educational services for children. Carpe Deim    We wish everyone a Happy, Healthy, Prosperous New Year.   Allen Nationwide Payment Systems 2022 Community Giving Project, we donate in kind and funds to local charities each year. This year we wanted to do it and involve our employees in the project.   Since founding Nationwide Payment Systems Inc, in 2001, Allen Kopelman and David Burney have always been involved in the local community, donating time, resources, and money. This year we decided to take a new approach by involving our employees and picking local charities. As a team, we wanted to impact the community positively. We chose charities that impact the environment, children, education, and veterans. We feel these are essential charities and are doing great things in the community. National Save the Turtle Foundation   Learn more at https://savetheseaturtle.org/  Since 1987, the National Save the Sea Turtle Foundation has worked tirelessly to provide educational programming, promote public awareness of Florida’s marine ecosystems, and support sea turtle research both in United States and abroad. The Foundation is dedicated to assisting those who devote endless hours in the battle to understand and preserve the marine environment and invites you to learn more about this important work. Equine-Assisted Therapies of South Florida (EATSF)   Check https://equineatsf.org/ for more information.   Equine-Assisted Therapies of South Florida (EATSF) provides therapeutic riding and equine activities to children and adults with special needs so that they may improve physically, mentally and emotionally. Y.O.V.E. – Youth of Valor Empowerment   Check out their website: https://www.yove.org/  Their mission is to mentor, empower, develop, equip and coach underprivileged high school teenage girls attending public schools in under-resource communities by providing opportunities and growth experiences that will enable them to become independent and confident young ladies, college bound, career focus and ready to join the next generation of women leaders and pioneers of tomorrow. Circle of Love Empowers women and girls. North Miami Police Athletic League   Learn more at https://northmiamipal.org/   “The Police Athletic League of North Miami’s (PAL of North Miami) mission is to cultivate the partnership between parents, schools, the community, and the police department in order to develop productive, active leaders from our communities’ youth.” Chai Center – Chabad of Coral Springs Learn more at https://www.mychaicenter.com/ Chabad Lubavitch of North Miami   Learn more at https://www.thejewishcenterflorida.com/

In today's episode of 📻🎙️ B2B Vault: The Payment Technology Podcast Allen & Justin dive in and discuss integrated payments and answer th ten most asked questions. Allen provides you with everything you want to know about integrated payments and why this is the hottest thing going on in the payments industry.  If you are an Independent Software Vendor or have any business software, this is a huge growth opportunity to grow your company's income. 🚀 What are integrated payments? 🚀 Why do merchants and business owners need integrated payments? 🚀 What benefits software companies to have integrated payments? 🚀 Can software companies make money if they integrate payments? 🚀 What other advantages do software companies have if they integrate? 🚀 Should the software company become an ISO or Payfac? 🚀 How much does it cost to get set up? 🚀 What about the hybrid payfac model? 🚀 Why should software companies partner with Nationwide Payment Systems? 🚀 Why do you think this is one of the hottest things in the industry right now?  Carpe Diem!

Holiday Tips and Scams not to fall for during the holiday season. We talk about how to avoid getting scammed during the holiday season. You must know about different scams, retail, phone, and e-commerce. The game is changing regarding buy now, pay later - banks are fighting back. A lot is going on with Crypto and regulation and new bills in Congress. A lot is going on with friendly fraud - this time of the year. Phishing scams are at an all-time high right now thru email, phone, and text messages. Happy Holidays and look for new products and services that are coming in 2023! Carpe Diem

How To Keep Your Business Thriving During A Recession In today's episode of 📻🎙️ B2B Vault: The Payment Technology Podcast Allen & Justin discuss How To Keep Your Business Thriving During A Recession! 🚀 We discuss how you can do business no matter what is going on with the economy. The economic outlook has been up and down over the past couple of years.  🚀 We discuss our experience during the 2008-2009 recession and what you can do as a business to take advantage of the current situation.  🚀 Sitting back and complaining if you are a business owner - it's time to go on the offensive. Take advantage of deals, make bold moves and use technology to grow your business.   Carpe Diem

In today's episode of 📻🎙️ B2B Vault: The Payment Technology Podcast Allen & Justin dive into the world of 🍃💨 cannabis payment 💰💲💸💵🤑 solutions and the bumpy road ahead. 🚀 Visa and it's member banks have been sending out warning letters to 🏧 ATM Providers about Cashless ATMs. 🚀 So we are going to dive into what is going on. 🚀 Cannabis businesses - Dispensaries do not have a way to accept credit cards. 🚀 So many have turned to Cashless 🏧 ATMs - now Visa is going after the providers and warning everyone that fines can be as high as $50,000 for each machine. 🚀 I would say that everyone would LOVE It if Congress would address the SAFE Banking ACT and pass it, this is a can that has been kicked down the road. 🚀 While cashless 🏧 ATMs have been around for quite a few years - it is apparent that Visa has had enough and the fines have started. 🚀 In the last 12-18 months, we have heard about many providers being shut down. 🚀 We discuss in the podcast today - what are the other options? 🚀 You can always get a compliant 🏧 ATM solution in your cannabis business - these have restrictions but it is legal, and there will never be an issue. There have been quite a few. Work-around products over the last decade - all of them eventually get closed down. 🚀 It's probably time that the 🍃💨 Cannabis associations start working with Visa and other card brands to come up with a solution and pressure congress into acting - maybe getting petitions going state by state and pressuring congress into helping a multi-billion dollar industry get banking and payments going! The can has been kicked down the road for far too long. Carpe Diem - Seize the Day! Resources: Other Episodes You’ll Enjoy Episode 126 - Financial Brand Forum 2022 in Las Vegas | Digitization in Banking Episode 61 - The Future of Payment Processing, FinTech & Business Episode 117 - Why did I get kicked off of Stripe, Square, PayPal etc.? Connect with Me: Website LinkTree LinkedIn Instagram Facebook Twitter YouTube

It's Showtime ... time for Fintech Friday with Allen Kopelman and Justin Owings. Today we talk about understanding how much you are paying for your merchant services. Following a simple formula - if you take a listen you will find out a simple way to figure out your true percentage. We talk about financial services and transparency and how the Federal Government, Congress and various agencies are cracking down on companies. We also touch on the new taxes that are coming to your small business if you have been using P2P Payment Apps like cash app, Venmo, Zelle, etc.. Last year quite a few businesses got hit with tax bills, and even more, businesses are going to get hit this year. Listen in and learn about Business 101 - Financial Info  - Simple formula to learn how much you pay. Have a great weekend! Thanks for joining us for fintech friday. Allen, Justin, & Rocky https://youtu.be/VfsqA0MSIM0 #b2bvault #LITrendingTopics #linkedin #merchantservices #paymentprocessing #B2B #acceptcrypto #businessowner #business #FinTech #PaymentProcessing #Entrepreneur #PaymentTechnology #merchantaccount #creditcardprocessing #onlinepayments #paymentgateway #ecommercesolutions #smallbusiness #smallbusinessowner #highriskmerchantaccount #highriskbusiness #cryptopayments #startup #sidehustle #financialservices

In today's episode of B2B Vault: The Payment Technology Podcast Allen & Justin discuss the importance of Digitizing Your Business & Preparing For 2023. It's time to level up your technology for 2023. Here is a list of things you can do. Get more reviews on Google, Yelp, Facebook, Yelp other sites. Is it time to get a point-of-sale system or a smart terminal so you can service your customers better Time to get an e-commerce website? Or Upgrade your current site. Add a kiosk for self-ordering  Add in curbside or in-store pickup options. Marketing and Advertising options - Could you level up your social media? Print Marketing  Establish Partnerships Develop a purpose statement and help local charities. Get ready for 2023 - enjoy the podcast! Carpe Diem

B2B Vault is a pretty nerdy podcast as we talk about financial subjects, payments, small businesses, technology, business, merchant services, and more.   How do you get paid at your business?   Many business owners have merchant accounts. So what the F is a merchant account?   A merchant account acts like a Bridge between your customer's credit card and bank account. Your customer/cardholder gets billed, and you get CASH in your bank account minus some fees.   In this podcast, we discuss - how it can be complicated to understand, or you can get set up with more simplified pricing models.   We also discuss alternative payment methods that many business owners have used for the last couple of years, how the government has changed how those companies operate, and the new taxes those business owners will have to pay.    We discuss the PROS and CONS of the different types of pricing offered.   We discuss the fees and the competitors, and more.   As always, visit our website https://b2bvault.info.   You can apply for an account or set up a meeting with Allen or Justin. A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. - Wikipedia Other Episodes You’ll Enjoy Episode 126 - Financial Brand Forum 2022 in Las Vegas | Digitization in Banking Episode 61 - The Future of Payment Processing, FinTech & Business Episode 117 - Why did I get kicked off of Stripe, Square, PayPal etc.? Connect with Me: Website LinkTree LinkedIn Instagram Facebook Twitter YouTube

Today we dive into the news and listener questions. Can you explain - what exactly a chargeback is? I am still swiping cards, and I get chargebacks and lose them all the time. We get chargebacks when customers leave over a 20% tip? How does cash discount work? What is the best way to set up a subscription for my business? We go over all of these questions and answer them. Thanks Allen Resources: Leave Us A Rating and Review Other Episodes You’ll Enjoy Episode 126 - Financial Brand Forum 2022 in Las Vegas | Digitization in Banking Episode 61 - The Future of Payment Processing, FinTech & Business Episode 117 - Why did I get kicked off of Stripe, Square, PayPal etc.? Connect with Me: Website LinkTree LinkedIn Instagram Facebook Twitter YouTube

Entrepreneur Month: Wrap-Up time! We get some Thanksgiving stuff out of the way first and discuss be thankful,  the holiday, and our menus. Enjoy the cooking discussion.    Then we did an overview of all the subjects we have covered over the last 30 days:   🚀 Cash vs. Cashless – is cash still king? 🚀 How to support local businesses and charities 🚀 Financial Technology Trends 🚀 How to get a side hustle going for your agency 🚀 Are you starting a business from home? 🚀 The gig economy 🚀 The subscription economy 🚀 2023 – consumer financing new options 🚀 Will buy now pay later survive the 2022 holiday season with looming legislation – about not following the truth in lending laws 🚀 How credit cards are going to include buy now pay later 🚀 How can banks compete for your business – with fintech offering banking as a service now? 🚀 How can banks partner with NPS – and other fintech companies to help small business owners – especially the credit unions 🚀 Credit unions need to step up – there is ample opportunity. 🚀 A lot is happening with Zelle – and the banks are now considering giving people their money back – from scams. 🚀 Chase and Wells Fargo in the news 🚀 A lot of pressure from congress 🚀 Cybersecurity and Identity Theft – is your info on the dark web. 🚀 You can get a merchant account for your business by answering ten questions!    We had a lot of talks about how we love business, small business, and being entrepreneurs!  Starting a business is always an adventure.    Carpe Deim: Seize the Day!

It's the day after Thanksgiving - I hope everyone is having a great time with family. Here is a list of topics that we discussed today: 🚀 Zelle is in the hot seat with Congress. 🚀 Buy now, pay later in hot water with regulators and why. 🚀 Lots of news with Banks and Investment companies. 🚀 JP Morgan - Trademarks a Crypto Wallet 🚀 Are banks in trouble as Fintech companies are all starting to offer banking as a service (BaaS). 🚀 Crypto in the news - FTX issues, Sofi Bank also in hot water with bank regulators. 🚀 Will congress do anything about Cryptocurrency - with all the stuff in the news and accusing a few companies of pump-and-dump schemes? 🚀 Warning letters sent to CBD companies by the FDA seem to be a non-stop issue, and the lack of rules and one agency in charge of this is also an issue with CBD and Cannabis. 🚀 Having multiple government agencies involved bogs things down as far as moving things along. We enjoy discussing what is in the news that affects consumers and merchants - it's important to understand things about financial subjects, and there is a big gap in financial literacy in the USA. We hope that you enjoy these updates. Happy Holiday's!!! We are thankful for our listeners and customers! Carpe Diem -Sieze the day! Visit our podcast page - https://b2bvault.info  - if you need merchant services, hit apply and visit our company site!

What secrets did we reveal on today's podcast.... Listen in and find out! We go over what it takes to get a merchant account. And we went over how to make the right choice for your business when it comes to choosing a provider. And a lot more - but if you want more secrets, tips, and great info, follow the podcast. Happy Thanksgiving from - Allen, Justin, Rocky, and the rest of the Podcast team at B2B vault and thanks to Nationwide Payment Systems. Also, we are thank for many things in live - our listeners, customers, family, and more! Carpe Diem - Peace Out!

Today we dive in and I talk about my experience at the Financial Brand Forum.Which took place at the Aria in Las Vegas.It was a very well-put-together show with motivational speakers and comedians And they covered a variety of topics which were centered around banking and money!    There was an exhibit hall, speakers, breakout sessions, demo rooms, and more! The main themes of the show were - digitizing banking, smoother onboarding, chatbots for websites, CRM, Data companies, using Artificial Intelligence to get more out of your customers, kiosks.  As a provider of FinTech - at Nationwide Payment Systems we were there with our partner Go Daddy to show off our new website that allows business owners who need to accept credit cards to answer 10 questions and get approved on our platform in 5 minutes or less!    We have removed all the friction of getting a merchant account and this is a perfect fintech product for Credit Unions, Community Banks, and Banks to use to better serve their customers.  So we discussed that and all the different products that I saw at the show.   Carpe Diem - Peace Out

Happy Friday everyone! Today we dive into Payment Trends, News and more. We talked about banking and the Financial Brand Forum. I was in Vegas for the conference this past week. It was very eye opening and learned a lot about banks, credit unions and more. 🚀 We talked about FTC Crackdowns 🚀 Biz Opps 🚀 Savings companies 🚀 Scams Or anyone claiming they can get your money back you lost on crypto. 🚀 Also, a lot is going on with CFPB - all sorts of things they are investigating. 🚀 Consumer finance companies 🚀 Mortgage and Auto servicers charging crazy fees. 🚀 Covid 19 funds being taken by banks 🚀 FTX - we talk about meltdown 🚀 We talked about Holiday season, making more sales, Fraud and how consumer finance is going to be big over this year's holiday season. Enjoy Thanksgiving next week!!!! Happy Holidays

In today's podcast 📻🎙️ Allen & Justin discuss what's new for Consumer Financing in 2023, Entrepreneurship, and Buy Now Pay Later numbers for 2022 and what it means for small businesses.   🚀 Consumer Financing 🚀 Buy Now Pay Later 🚀 Business-To-Business Buy Now Pay Later Options 🚀 How this trend is helping small businesses   We hope you enjoy our discussion about consumer financing and why you should be partnering with Nationwide Payment Systems to start earning residual income.   Carpe Diem! 

Happy Veterans Day To all the Veterans and Veteran-owned business owners! 🚀 Nov 16 Entrepreneurship day 🚀 Nov 25th – Black Friday 🚀 Nov 26th Small Business Saturday 🚀 Nov 28th Cyber Monday 🚀 Nov 29th – Giving Tuesday There are lots of opportunities to make sales this month! Support your local small business owners in your area! Post your business website or social media link, and we will like and follow you!

In today's podcast 📻🎙️ Allen & Justin hop into some entrepreneurship trends in 2022 and what's new for 2023.   🚀 Top reasons why startups fail 🚀 Top Industries for entrepreneurs 🚀 Businesses from home 🚀 The gig economy 🚀 Subscription based business 🚀 Younger Entrepreneurs 🚀 Social Responsibility 🚀 Green Businessess   So enjoy our discussion today about entrepreneurship and why you should be partnering up with Nationwide Payment Systems to start earning residual income. Carpe Diem!

Get ready to increase📈 your revenue 💲💰💸🤑 at your agency.  🚀 Right now, you are sending your clients to Paypal or Stripe. 🚀 We can provide the same type of frictionless experience.  🚀 10 questions, and in 5 minutes, your clients can be approved. 🚀 Free Worldpress plug-in - saving $100 a year. So we talk 📻🎙️ about how to create an additional income 💲💰💸🤑 stream for your agency, website development company, freelancers, SEO, digital marketing. Also, get your account to do billing - invoicing, and more. So enjoy our discussion today about entrepreneurship and why you should be partnering up with Nationwide Payment Systems to start earning residual money. Carpe Diem!

Fintech Friday is here - with news, and we are celebrating Entrepreneurship month. November 15th is the big day! - We celebrate business ownership on every podcast. We are providing educational and fun information for business owners about something that can be pretty boring - but we break it down into simple concepts. Today we dive into some things congress is doing that would affect small business owners and independent contractors who are also small business owners. A change to the Fair Labor Standards ACT that would complicate things for independent contractors, small business owners, and even gig workers. We talk about other laws about ATMs and Cash Access, which are essential to many small businesses. Then we talk about: What do Small Businesses want from their bank? Businesses want banks to go digital, partner with FinTech, focus on small businesses, and make it easy to sign up for bank accounts and other services - like merchant services. The US economy relies heavily on small businesses - they generate 44% of the economy and employ many people. 60% of businesses want to bank at a bank that offers more digital services. CARPE DIEM  SIEZE THE DAY

Today 📻🎙️ we are talking about Entreprenurship as November is Entrepreneurship 👔💼 month. We will dedicate one podcast per week to celebrate Entrepreneurship and Business ownership. Small to Medium Sized businesses are 🌎 USA's and local communities' lifeblood🩸💲💰💸. Most people work for an 🏦 SMB - because they are defined as a company with 500 or fewer employees. Today we talk about how 👔💼🏦 Small to medium businesses 👔💼🏦 are the backbone of the local communities where they are located and how they employ people and spend money in the local community. So sit back and enjoy today's podcast! 📻🎙️ Support 👏🛒a local business📍 this week - when you go out to eat or shop or if you need a new merchant account. Answer ten questions, and in five minutes, you are approved ** in most cases and ready to process 💳credit cards💳!  We also went over how to choose your business entity, why that is important, and the steps to take once you decide on a name to secure your Internet Real Estate!  Thank you to our listeners! Carpe Diem  #entrepreneurshipmonth

In today's 📻🎙️ podcast, we dive into 💲💰💸Cash VS. Cashless💳! There has been a lot of talk about us going to a cashless society. One thing for sure is CASH is KING!  We discuss how many people are using 💲💲💲CASH💲💲💲. How many ATMs 💳🏧💸are there across the USA🌎. How ATMs 💳🏧are changing to do more financial services. Bills pending in congress - about Banks -- who are not banking business owners who deposit cash.  Making it a requirement for businesses to accept 💲💰💸CASH and why it is important in our society. Open banking 🏦👔💼 and ATMs 💳🏧 transforming into Financial Kiosks is going to change the landscape for sure! Enjoy the podcast! 📻🎙️ Carpe Deim Need a merchant account or an ATM 💳🏧💸 - visit our sponsor - https://nationwidepaymentsystems.com/

In today's episode of Fintech Friday, we talk about Small Businesses and Crypto  So we dive into Crypto and talk about all the articles in the news. What is PayPal, MasterCard, Visa, and Western Union doing with Crypto, Metaverse, and Web3 We talk about Small Businesses and what is happening with SBA with PPP and the Employee Retention Credit. Then we talk about some free things that small businesses can do before the end of the year. Visit https://nationwidepaymentsystems.com  See how you you can get a merchant account in about 5 minutes or less.

Today's 📻🎙️ episode of B2B Vault we dive into the discussion 💬 about how banks 🏦 can digitize the process of a business 💼🏦👔 applying for a merchant account. We have a special guest today - a leader in global🌎 payment💸💲💳 innovation and strategic growth initiatives. Global Head of Commerce Sales & Business Development Bob Wesley from GoDaddy joins us. Banks are digitizing how you get a bank account. They know they need to move faster as many Fintech companies are starting to offer banking services and taking away business from traditional banks and even Neo-Banks. Nationwide Payment Systems has partnered with GoDaddy to leverage a payment system they built. We made a turnkey solution for Banks, Credit Unions, State Banks, Community Banks, and Neo-Banks to partner with Nationwide. We gave their customers an excellent solution for getting a merchant account - in under 5 minutes(in most cases). Nationwide Payment Systems 💸💲💳also offers managed ATM 🏧services that the banks can leverage. We can deploy machines and have them loaded all over the U.S.A. Contact us to learn how we can help a bank establish a footprint in their area or place an ATM within a large business they have as a client. ATMs 🏧💵are becoming more than just a machine that can dispense cash. We can add on a host of services such as deposits, buying and selling Cryptocurrency, cardless transactions, taking money or check deposits and all sorts of different services that are introduced to the platform. Today's customer does not want to call a 📱 phone number or negotiate with a sales rep. They want it NOW, and by partnering with Nationwide Payment Systems - Banks, Agencies - anyone who wants to offer merchant accounts. We can provide a turnkey system where we handle the heavy lifting. We are combining Merchant Services with Fintech - giving customers an option - to apply online and get approved immediately or call and talk to a consultant. We will be the bank's merchant services trusted advisors. Also, we provide 24-7 customer support! Chat, phone,  tickets, or email. We bring that to the table when our competitors do not answer the phone!  If you need a merchant account or you are a bank or company that wants to partner with us, visit - https://nationwidepaymentsystems.com. Go to the solution finder, and see what we offer - it's a complete business solution! CARPE DIEM - It's getting Spooookyyyyy!!!!!!👻🎃👹

The Cannabis Market is in Limbo for business owners. In today's podcast, we talk about what is going on up on Capital Hill with Cannabis. Here are some of the subjects we are covering: Does the Safe Banking Act have a chance? - update Why is it hard to get a bank account? Compliance and why it's important. Why no one got out of Jail - with the recent Executive Order What can be done about all the cash at dispensaries, and what solutions are available now and what some banks - who are vendors of ours are proposing. Cashless ATMs are under attack from Visa and Sponsoring Banks. Can you have an ATM in your Cannabis Dispensary  - Yes - if you follow the rules. We also touch on what is happening with CBD, Kratom, and Cannabis related businesses. And how to get a merchant account that is not high priced - if you work with our sponsor Nationwide Payment Systems.

It's time for FinTech Friday - and in today's episode Allen and Justin are going to discuss  a few news stories and some suggestions for small business owners on how to finish up  2022 and make plans for 2023 to kill it!  Story 1 -  Consumer Financial Protection Bureau  went to court over several rules they made and a Judge in Louisiana ruled that they do not have any oversight and can not make rules/laws CFPB - monitors fintechs, payday loan companies, consumer loan companies, and more. As part of October being Cyber Security Month We talk about the move to go password less and the challenges ahead We talked about some new apps that will let you load up multiple cards and then help you choose which one to use based on the best interest rate, rewards etc.. Another notable story about a salon in California - the credit card machine  was stollen and $40K in fraud happened. We talk about pointers to protect you from this happening at your business and if your machine was stollen what you can do about it. Now tips for small business and business owners in general. Password protect your credit card machine! for anything other than sales. Promote what makes your business unique Upgrade your technology - payment systems, websites, social media etc. Do you offer e-invoicing so you customers can pay you easily? Are you accepting the latest - coolest payment methods. B2B Vault is sponsored by https://nationwidepaymentsystems.com/

In today's episode of B2B Vault: The Payment Technology Podcast 📻🎙️@allenkopelman & @jrowings discuss Cyber Security, seeing 🍁🍂 October 👻🎃is Cyber Security Month.   So here are some tips on security for both home and work:   ✔️ Use 🦠Anti Virus Software 🦠on your computers. ✔️ Do not go to websites that are not secure 🖥️ ✔️ Don't open up suspicious links 🕵️‍♂️ ✔️ Websites all need to have SSL Certificates. 🔐 ✔️ Be aware of PHISHING! 🎣 ✔️ Email, text, SMS, messenger apps, dating apps, etc. It's rampant.💌 ✔️ Payment Apps where you send money - Set up 2-factor Authentication💰 ✔️ 594 Million people a year are scammed globally 👨‍👨‍👧‍👦 ✔️ Password Protection use a program to manage your passwords! 🖥️ ✔️ Get free credit monitoring set up 💳   Enjoy the podcast.  Be AWARE and don't get scammed.   Carpe Diem ☮️ #cybersecuritymonth #b2bvault #thepaymenttechnologypodcast

In today's podcast 📻🎙️, we talk about why your merchant account gets shut down. There are ways to avoid this from happening to your business, which Justin and Allen are covering today. Merchants - business owners call us frustrated that they are on the match list or the TMF list. ✔️ M.A.T.C.H. - stands for Merchant Alert To Control Fraud ✔️ TMF - Terminated Merchant File You do NOT want to be on this list!    We discuss how to avoid getting shut down❗, and we go over what questions to ask when applying for a merchant account, reading what is allowed and not allowed when it comes to supported or not supported products.    Many common mistakes are made because business owners want to avoid speaking to a sales rep and sign up online with companies. They do not read the list of prohibited practices and business/product types.   Shout out to our sponsor Nationwide Payment Systems! Thank you for sponsoring the podcast. Nationwide Payment Systems provides all types of merchant accounts, from low to high risk and everything in between. We talk about things that can keep you from getting in trouble and how to set up monitoring on your account so you do not get shut off.  Some of the most common reasons for being shut down are:  ✔️ Not returning calls or emails from the processor ✔️ Selling items that were not approved ✔️ Selling from a website that was not approved ✔️ Lying about what your business sells   ✔️ Excessive chargebacks   ✔️ Excessive fraud    Depending on your volume 📈, there are several services we refer our clients to that can help with chargebacks; 🕵️‍♂️fraud and friendly fraud are difficult to deal with. If you sell a product or a service, that is another component to consider.   Enjoy the podcast and if you need help with merchant services - let us know.  Carpe Diem - Have a good day!

It's time for FinTech Friday - and we will be talking about what's going on in Fintech! The hot topics in the news that we will be talking about today: Buy Now Pay Later Zelle and Fraudulent Transactions Update on Durbin 2.0 - it hits a roadblock! What can consumers expect if this does get passed and it;s not good! Gen Z- and Metaverst Payments Delinquency on Credit Card Payments and Chargeback Activity More Software companies are integrating payments to their applications Enjoy this edition of FinTech Friday's!  Carpe Diem

In today's episode of The Payment Technology Podcast 📻🎙️ Allen & Justin are talking about the latest in 💳💰💸💲🏧 Payment Trends 💳💰💸💲🏧. We discuss the most popular payment methods and how popular they are with consumers and businesses🏦💼. We rate each one of the payment methods for business and the consumer🛒💳 - a learning discussion and fun😃. Here's some of the topics discussed: Tap & Pay Wallets Payments Retailer-Specific Apps Chip Cards QR Code Smart Watch Electronic Invoicing Text & Email to Pay NFC - Near Field Communication We explain each one and how they are being used. Learn about NFC - near field communication and make sure you are set up with that in your business, if you want to know more, visit our sponsor https://nationwidepaymentsystems.com/ for more info. Carpe Diem - Have a great day! ✌️

In today's episode of The Payment Technology Podcast 📻🎙️ Allen & Justin get into the subject of tipping 💰💸🤑💵 and chargebacks. So I saw a few discussion about tipping and chargebacks and what are restaurants, bars, nightclubs 🏦🍽️🍻 are dealing with. So we talk about the ✋✋rules and regulations✋✋ that each card brand 💳 has when it comes to tipping. The only way to ensure that you are going to get paid 💰💸🤑💵 and not get a chargeback is to do Tip at the time of the sale. We talk about businesses facing this issue - and provide the solutions that are avialable to avoid chargebacks. And we also take a look at EMV and the customer experience and what customers expect. Technology is the equalizer when it comes to payments! There are options available. Enjoy the podcast! B2B Vault: The Payment Technology Podcast is sponsored by https://npsprinter.com and https://nationwidepaymentsystems.com/ Carpe Diem - Have a great day!

In today's podcast 📻🎙️ Allen & Justin celebrate 🥂🎈🎉🥳🍻 the 1 year Anniversary 🥂🎈🎉🥳🍻 of the podcast. They talk about past episodes and touch on a few FinTech related topics that have been in the news this week. What is FinTech? PocketBook - App Do you need a merchant account or do you need a fintech product? What types of financial technology products are in our future? CBD processing and what's the latest updates regarding CBD Payment processing for cannabis and what's next New Bills in Congress Cashless ATMs ATM Machines Cash discount - What is it? Durbin 2.0 Carpe Diem - ✌️ Allen & Justin https://nationwidepaymentsystems.com/

In today's podcast 📻🎙️, we are talking about e-commerce 🛒 and 🛑 preventing fraud 👀👀👀. Fraud is rising and rearing its ugly head 🙊 in the e-commerce space. E-commerce transactions have more than doubled in the last few years. Some new scams are happening, and some old scams too. We discuss 💬 these scams and how you can develop business policies so that your small business is not a victim!  One scam is shipping goods to a freight forwarding warehouse, ups store, or mailbox store. These scams are old, but they have been popping up - we talk 💯 about how they pull it off and you can protect yourself.👀👀👀 Knowledge is King 👑! Then we get into 💥👊👊👊💥 Brute Force Attacks 💥👊👊👊💥- these have been happening way too often. Merchants need to understand that they need to monitor their shopping carts and email accounts and ensure that velocity settings are set up in your website shopping carts and gateways. Also, keep the website plugins up to date and ensure you are using security features - many of which are free. The holiday season 🎄⛄🤶🎅❄️🎁 is coming - the scammers are ready - are you ready 🦸‍♂️? Listen 👂🎧 to this podcast and learn about scams and how you can prevent them from happening. It's all about getting educated as to what is happening in the world around us. Carpe Diem - ✌️ Allen & Justin https://nationwidepaymentsystems.com/

Today in Fintech Friday we are diving into Durbin 2.0 and the credit card competition act We talk about - Durbin 1.0 and what the effects were who won and who lost. We talk about Durbin 2.0 and why it is not going to work. The time is now to write to your congress people and tell them to vote NO on this bill. This is going to help big companies and not help the average business. This bill will screw up the economy, consumers will pay higher interest rates, rewards programs will go away and prices at stores will not go down. We explain everything in a easy to understand format - don't be fooled that Durbin and congress are going to help people. This bill will do more harm than good! Carpe Diem

In today's podcast, we talk about what you can do to protect your business and keep Payment Processing During Hurricanes Before & After The Storm. When Mother Nature comes knocking at your door. Having been through all sorts of storms living in Florida and having business clients that are located around the USA. We talk about what to do before a storm and what you can do after a storm. Technology is always the greatest equalizer and we have all kinds of technology that can help you get back in business - and do it quickly Enjoy the podcast - maybe get some tips and tricks from us today. If you need a merchant account in a hurry - we can get you approved in under 30 minutes Carpe Diem We hope and pray that everyone in Florida and the path of the storm Hurricane Ian stays safe. https://b2bvault.info/

Are business owners upset about the credit card fees they pay? In today's podcast we talk about this and how it affects businesses and doing business. Merchants/business owners have been paying credit card fees for years and then various products came out where the fees can be passed to the customers. Senator Durbin says that businesses think the fees are too high and that there is no competition - we dive into that and talk about the facts - there is competition  and the businesses that Senator Durbin says are complaining are not really small businesses. Enjoy today's discussion -  As always we invite anyone from Congress - including Senator Durbin to come on the podcast! for more on the podcast https://b2bvault.info Thanks to our sponsors https://nationwidepaymentsystems.com https://npsprinter.com  Carpe Diem - Have a great day.

In todays podcast Allen & Justin discuss their time at the NAC 2022 powered by platinum Sponsor Hyosung at the Seminole Hard Rock Hotel & Casino in Hollywood, FL. NAC is the only trade organization in America that is solely focused on representing and protecting the interests of US Independent/Retail/Non-bank ATM owners, operators, and suppliers. We are a member-governed/driven organization - the only one of its kind totally devoted to and focused on promoting the business interests of ATM ISOs & Owner-Operators in the US. We are 100% US-based and dedicated to representing, protecting, and serving US Independent ATM Operators and their continued contributions to the US economy and public. Hyosung America is the leader in banking and retail solutions and provider of industry-leading branch transformation and self-service solutions.

Allen & Justin sit down with some of the movers and shakers of the ATM industry to find out about whats new in the world of ATMS, National ATM Council and to catch up in general. We are at NAC 2022, the National ATM Council Conference in Hollywood, Florida.  Thank you to Bruce Renard from NAC for setting us up with three great guests for the podcast.  Today we will speak with three companies on the cutting edge of FinTech and Payments, and we will discuss products and services coming to a store near you shortly.  Technology is the great equalizer!    First up is Brian Crumpler, CEO of Pocketbook, a cool app that allows you to get money from an ATM thru an app and is connected to your financial services apps - this is cutting edge and for consumers who are underbanked or unbanked, this is exciting and enables those consumers to get money from an ATM.  https://www.pocketbooknetwork.com/  Next up is Bran Nolan, Chief Product and Marketing Officer of Hyosung - this is my favorite ATM equipment company. We use these in many of our locations. We will discuss all the new services they are bringing to the ATM.  The future of ATMs - https://hyosungamericas.com/  Our final guest, Brain Haines from PAI - Payment Alliance International. We have known each other for years, and we work with PAI; we talk about the future of ATMs and some of the services coming to the ATM world.  Enjoy the podcast and listen to what is coming to a store near you.  https://gopai.com/ Carpe diem  Allen & Justin Add a comment...

In todays episode of FinTech Friday Allen & Justin discuss the latest news in financial technology and their time at the NAC 2022 (National ATM Council) heldat the Hard Rock Casino in Hollywood, FL.  The new firearm SIC Code- what does that mean? When will it be implemented? What is the end game for firearm SIC codes? Who is ISO? A Switzerlamd based company that assigns codes to business types Zelle-counters scams with double digit rates Buy Now Pay Later- another one bites the dust! Quick Fee Other companies taking losses-Afterpay, Affirm, Klarna CFPB - is still mulling rules for buy now pay later NeoBanks - $47 Billion dollar market and growing at 10% yearly! Enjoy the podcast! Carpe Diem, Allen & Justin