Busting out of barcode prison

MerchantProcessingNMUncategorized

Everyone who’s been in a long checkout line has experienced the frustration of watching a cashier fumble with a product trying to either a) find the barcode and/or b) scan it correctly. But in January, a company called Digimarc introduced a new technology that incorporates an invisible digital watermark, not unlike the kind used for currency. “The clerk no longer … Read More

Bob From Brand X – Too Smart for His Own Britches

MerchantProcessingNMBob from Brand X Nightmares

An acquaintance of mine started quizzing me one day on credit card machines and rates. A couple of weeks later, he was trying to sell me some equipment he had bought on EBay! Unbelievable! I, of course, said NO. Another couple of weeks later, he was asking me how to remove proprietary chips from the machines! He got burned buying … Read More

If the shoe fits, upload it

MerchantProcessingNMUncategorized

In terms of a custom-made experience, nothing can top what’s going on at The Left Shoe Company in Los Angeles. So says Bruce Molloy, the vice president of global business development at Customer Mobile, and an expert on the evolving retail space. Here’s what the Left Shoe does: They put customers’ feet through a 3D scan that takes 150 pictures. … Read More

Bob From Brand X – Horrible Swindle

MerchantProcessingNMBob from Brand X Nightmares

One of our favorite salespeople called on a husband/wife merchant for credit card processing. They gave him a monthly statement to review, but were acting quite nervous. Our salesperson brought them back a comparison, explained all the fees, and showed them where we could save them money. They understood and acknowledged they wanted to save money, but they were absolutely … Read More

The Future of Shopping

MerchantProcessingNMUncategorized

The report “Retail Technology Vision 2014” from Accenture contains an incredible prediction: “The next five years will bring more change to retail than the last 100 years.”Think about that; the stores, websites, and apps we recognize today could go through some radical changes that would’ve been the stuff of sci-fi just a generation ago To find out what the changing … Read More

Bob From Brand X – Rates on the App Were Different

MerchantProcessingNMBob from Brand X Nightmares

We have a client who calls us once a year to review their types of transactions and see if they are running them properly to their best benefit. Turns out this year, Bob from Brand X had submitted his bid for their business. He had a proper letter outlining his proposed fees (turns out it was not a complete list). … Read More

Bob From Brand X – Huge Savings

MerchantProcessingNMBob from Brand X Nightmares

Bob, Bob, Bob… what do you have going this time? Bob thought he was doing a comparison for a merchant. He wrote across the paper, “Savings: $800.” The merchant asked us to take a look. “Where was the detailed comparison? Where was the savings of $800?” they asked. “Beats me. Why don’t I just write $1,000 savings on a piece … Read More

Bob From Brand X Story – Only Charging 1%

MerchantProcessingNMBob from Brand X Nightmares

Bob is back at it again. Recently, Bob showed up at one of our clients’ with a story that he was only going to charge the merchant 1%, and by the way, they needed all new equipment. The client called our office to ask for our review. It turns out Brand X was charging 1% on top of all the … Read More