Monthly Archives: December 2021

Credit cards are clearly the preferred method of payment for Americans. After all, there are over one billion credit cards currently in use in the United States – that’s an astounding amount, averaging over three cards per adult. In fact, there are over 11,000 credit card transactions charged every second of a day. Credit card use is also projected to increase, with $1.82 trillion estimated to be charged annually by 2024. 

Accepting credit cards is an important part of your business. While most businesses now use electronic methods of running credit cards, it is also very important for every business to have paper credit card sale slips. While these may seem like a staple of the past, they have very important purposes. Let’s look at why

If you have owned a business for some time, you’ve likely discovered that fraud tends to increase during the holidays. Research has found that fraud losses increase during the holiday season by nearly 20 percent. While businesses want to do their due diligence to prevent fraud year-round, it is extremely important to be on top of things during the time leading up to the holidays. With this in mind, here are some tips for reducing fraud. 

Prevent Use of Counterfeit Bills

One of the most unwitting ways to become a victim of fraud is to allow someone to pay with counterfeit money. There is currently an estimated $70 million of counterfeit funds in circulation, meaning it is highly likely that some will be handed over to your business this holiday season. 

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