Payments Blog

Over the last 2 years, the retail world has been rocked with data breaches. Retail giants like Home Depot and Target all had massive breaches, compromising millions of pieces of credit card information to identity-thieves. While Target and Home Depot suffered little in financial loss for the actual ...

The face of Point-of-Sale (POS) is changing. Mobile payments are slowly beginning to be accepted at many businesses, from retail to restaurants. Many banks are creating apps for smart phones to allow cardholders to use their phones as a mobile payment option. Cashless transactions has been coming on...

If you’re joining the competitive world of processing credit cards, it can be a bit overwhelming to look for a credit card processor. In our other blogs, we’ve discussed why you should avoid a bank, and red flags to watch out for in a processor. Now that you have an idea of who not to [&...

Point-of-Sale systems are quite the investment. While they are becoming cheaper and cheaper, the larger computer based models are pricy, making it in your best interest to keep in top condition as long as possible. Regular cleaning is a vital aspect in keeping it running smoothly. If you’ve read o...

Happy Holidays! With Black Friday over, and Christmas just around the corner, this is a busy time of year for merchants, but it's also a busy time for fraud. During these shopping seasons, merchants are processing large amounts of credit card information, and it can be hectic to review all the order...

Let’s talk about digital signage for a moment. Television as entertainment has slowly been going the way of the dinosaurs. Markets with online entertainment such as Netflix and Hulu are slowly eliminating the need for cable entertainment. T.V’s themselves, still offer a great opportunity for bus...

It’s time for a reboot! If Hollywood can reboot a series that just got a reboot, then we can too. (We’re looking at you Spiderman) We’re revisiting our most frequented blog about Square Vs Phone Swipe, 2.0. Round two! Winner take all! It’s been a few years since the blog first was published ...

The rate of Point-of-Sale technology has upgraded over the last 100 years is staggering. We’ve seen traditional cash registers, which dominated merchants way of taking payments with clunky and noisy presence, to the clunky but efficient computer based models. They’ve all changed to a newer, slee...

As we’ve previously discussed, there are several benefits to accepting a credit card for small business owners. They give you more money, allow customers to make larger purchases, and it attracts more customers away from your competitors. However, there are some myths surrounding credit cards that...

There are some lessons that only come with age and experience. On October 26th I had the privilege to sit down with small business owner John Popp, owner of Popp Hardware and Popp Laminating & Binding. Years ago John Popp became BNG Holdings' first payment processor customer, and that relationsh...

Theft has always been one of the biggest obstacles for small retailers. Whether it be from employees, business partners, or customers, theft is one of the largest contributors to shrinkage. The saddest fact is that small retailers feel the theft greater than the giant chains, but most owners do not ...

You’ve probably noticed the credit vs debit on your card readers and wondered “What does that mean?” Both merchants and cardholders scratch their heads and continue on swiping their cards. Most cardholders assume that swiping their debit card as a credit is someone giving them the same protect...

Since they first appeared in 1950, credit cards have been growing globally in use. They are a widely accepted way to pay for purchases, and nearly all banks supply either one of the main credit cards companies. They’ve continue to be accepted as the choice method of payment for most consumers. So ...

EMV has been making waves, causing merchants with credit card terminals to lose sleep over the new wave of technology. However, in the rush to talk about credit card terminals, we seem to have forgotten about Point-of-Sales systems being affected as well. Reading up on the topic has been, frustratin...

There are some lessons that only come with age and experience. On October 26th I had the privilege to sit down with small business owner John Popp, owner of Popp Hardware and Popp Laminating & Binding. Years ago John became BNG Holdings first customer, and that relationship has lasted for a deca...

Banks usually are ill-equipped to help, and you should trust a processor. Just because a processor is in the business, doesn’t automatically mean they’ll have your best interests at heart either. Processors can be deceitful and have a lot of shady practices that can leave business owners feeling...

We’re going to get down and dirty today with math (the amount of enthusiasm is overwhelming), and answer the pressing question surrounding credit card terminals for your retail, bar, or restaurant business: Should you buy or lease your credit card terminals? Buy. Okay, we’ll explain why ...

When you’re talking a processor, normally merchants only focus on the cost of their credit card rates. Ideally, they should ask about the cost of debit card rates, since they will not be the same cost as running a credit card. Why? Depending on your processor, they’ll either be fair, or an unexp...

“In this world nothing can be said to be certain, except death and taxes” (Benjamin Franklin). Franklin certainly knew a lot about taxes and death. If you’re in the retail or service industry, there’s another unavoidable body that tries to consume you. Interchange Fees Retail and service mer...

Banks have become known as a necessary evil in our society, despite providing a valuable services. Mortgages, savings accounts, granting loans, and general management of finances. You can bundle multiple products through your bank and usually get a good rate for doing so. While it may work for some,...

We haven’t addressed much about payment processing, but it’s central to every Point-of-Sale (POS) system. No matter if you’re in retail, service, or any other business to use a POS system, you’re going to need a processor to support your credit card payments. When you do rent or buy a POS sy...

"And now you can throw money directly into the garbage, for a small fee" Jim Gaffigan. For all the money you save by owning a Payment Processor, there’s some charges you may not originally have factored into your budget when adding it as an expense. We’re going to break down the most common fees...

Liability, terrifying merchants since it was first been mentioned in the EMV movement. The biggest controversy regarding the change to EMV terminals is the switch of responsibilities onto the party who does not adopt EMV technology. Banks largely have adapted the new chip cards, but merchants seem t...

On October 6th 2015, Ingenico, a French based payment processor, has announced they plan to integrate Bitcoin payments into their Point-of-Sale technology, rocking the world by bringing an online currency into the brick and mortar world. Bitcoin, shrouded in mystery when it first was released to the...

Fall is in the air, which means Halloween is just around the corner! While there are some who do not celebrate Halloween, a large percentage of population celebrates does, including some workplaces. This can often times lead to issues at work, since choosing your Halloween costume can become quite t...

Now that we’ve covered who EMV does not apply to, we’ll dive into where you can buy EMV equipment and the costs. In wake of the changes, many snake oil salesmen have come out of the woodwork to sell their EMV equipment that is more than likely not legit. In light of this, here some [&hel...

We’re all big nerds at BNG Point-of-Sale, (hence the name technologies). Part of our love of Point-of-Sale (POS) systems stems from our love of technology advances. POS systems can aid small business through many services, giving their owners a chance to become the star of their own story. Here’...

  Ahh retail, a beast of its own. Restaurants have their own struggles, but retail shares in heavy losses and the nightmares of cataloging inventory. Retail Point-of-Sale Systems require special pieces of equipment outside the original computer.16 Much like our previous blog, we’ll cover the basi...

As the sister blog discusses, many problems can be solved without calling your service provider, and it's a wise idea to troubleshoot all the common problems before you call support. So, diving back into the world of malfunctioning POS systems, here are 5 more ways your point-of-sale might be failin...

As much pressure as there is for every merchant and their brother to purchase EMV terminals and pin pads, there’s something you should probably examine as a business before taking the plunge. Does EMV really apply to your business? Despite attempts by payments processors at convincing every mercha...