2018 is set to be a game-changing year for the European payments market and the banking industry. With the new Payment Service Directive (known as PSD2) coming into force on 13 January 2018, the European payment system will undergo major changes, resulting in new challenges for the traditional financial institutions and new opportunities for the…
Each and every one of us are faced with dozens of new names, new brands and new products on a daily basis and it is getting harder and harder for us to store all that information in our heads. So, what can merchants do to help them stand out from the crowd whilst also retaining their customer base? The answer is a simple one – personalized Gift cards.
If you manage a hotel in today’s digital world, you cannot afford to ignore the payment revolution which has utterly changed the hospitality industry and the customer behaviour. People embraced new and better ways to pay and your guests expect that you do the same thing. If you are planning to take this step and…
Modern payment technologies are changing the consumers’ demands and expectations and reshaping the restaurant industry What do restaurateurs need to bring to the table to cater to tech-savvy diners? Which technologies have become essential for the restaurant business? Below we’ve summed up some of the most important things that restaurant owners should consider before, during…
Whether you send money to friends and family abroad or receive money transfers from business clients, you will be asked to provide an IBAN to make the transaction. IBAN stands for International Bank Account Number and is globally recognized, unique identifier used for international bank settlements. It helps banks and financial institutions check the legitimacy…
Leading-edge solutions with no hidden costs and monthly service fees The modern payment technologies are changing the financial services industry, enabling companies like myPOS to develop next-generation payment solutions which provide more efficiency, convenience and better business data. The myPOS solutions, for instance, are specifically tailored to the small and medium-sized businesses (SMBs) and designed…
Mobile commerce is evolving rapidly as people embrace new ways to shop and pay According to Statista “mobile retail sales are expected to more than double between 2016 to 2019, from about $116 billion to about $267 billion”. Retailers must not take these numbers for granted. What’s more, they should get familiar with the latest…
If you are not particularly familiar with finances, you might be wondering what exactly SWIFT and SEPA transfers mean and what’s the difference between the two. Let’s start off with what SEPA and SWIFT are. SWIFT – The global provider of secure financial messaging Banks should have a secure way for communicating financial information internationally….
Achieving success requires hard work, innovations and taking care of the smallest details, that don’t seem to have direct impact on your business profits at first sight. However, when you look at the big picture everything changes. myPOS features of such kind are Tipping feature and Multi-operator mode that you can find in the menu…
We’ve put together a list with 10 good reasons why you should choose myPOS payment solutions as your trusted partner in payments Check them out below! 1. No set up and annual/monthly fees For a long time, costly banking services dictated the rules on the market, but at myPOS our goal is to change the…
Fintech Terms Every Business Owner Should Know Are you struggling to keep up to date with all Fintech terms that are rapidly becoming a part of our everyday language? Do you feel overwhelmed with the new words and phrases used in finance? Undoubtedly, Fintech is changing the way we live, we pay and we do…
Picture this: you are the owner of a small shop for handmade crafts. You mainly sell your creations in a newly opened brick-and-mortar store as you’re just starting out this business. It’s no surprise that you probably don’t have enough funds to put towards developing a website with an online store. We all know that building…
What is PCI DSS compliance? That’s a common question merchants ask us. Most of you have probably heard that PCI DSS is a type of security standard related to card payments. And that’s all, isn’t it? Here we explain the basics of PCI DSS as well as PTS and how they affect your business. It’s…
What Are the Benefits of Prepaid Cards for Business and Customers? Accept payments online, no website needed! With your free myPOS account you can use Payment request, PayLink, PayButton and more to accept remote payments. Login Sign up to myPOS account Over the last couple of years, a new player in the financial industry has…
From mechanical cash registers to modern POS systems in 145 years The idea and realization of the first cash register dates back to 1871, when James Ritty came up with it. He needed a machine to track his daily sales. Who wouldn’t want to know the exact daily turnover and whether the employees report the…
