The clock is ticking. When the calendar page turns over to April 1, 2024, your organization must be in compliance with the newest version of the Payment Card Industry Data Security Standard (PCI DSS) 4.0. Start now so that you will be fully knowledgeable and prepared next spring.

In their simplest form, recurring payments are ongoing transactions between two parties that occur at regular intervals. They have gained popularity in recent years because they facilitate access to services, continued membership to a platform, or delivery of merchandise. Incorporating them into your company can elevate customer experience and refine your own internal business processes while providing you with recurring revenue.

In order to achieve maximum reach and profits, businesses looking to sell their products and services throughout the world need an effective cross-border ecommerce plan. Participating in a global online marketplace (GOMP) is turning out to be one of the best strategies to make this happen. If you are unfamiliar with the concept, take a few minutes to become a GOMP expert, and your business will reap the rewards.

As the owner of a small business, it is easy to fall into a dangerous trap. You might tell yourself, “Cyber criminals won’t care about my company because it is not large.” On the contrary, it is vital that you take proactive steps to bolster your data safety infrastructure and prove your payment processing is secure so that you can be in compliance with rules, regulations, and protocols.

Any intention to grow your business comes with some trepidations, but probably none will give you more cause for a combination of worry and excitement than deciding to take your products and services to the global market. Doing so involves more than hiring additional staff and signing up for international payment processing. Before you dive into this ocean, why not take some time to learn about your new environment so that you can succeed?

Recurring billing is quickly becoming one of the most popular payment systems for many types of companies, regardless of their size or customer demographics. This mass adoption is no accident. As it turns out, offering this reliable, virtually set-and-forget way to get products and services is one of the best solutions for businesses to increase their profits, keep buyers for the long term, and provide a level of service that maintains customer engagement at a high level while streamlining business operations like never before.

With technology becoming increasingly widespread and sophisticated, ecommerce businesses are blasting off at a dizzying rate. As someone who is looking to capitalize on this trend, one of your first steps should be to take a closer look at the nations with the most online sales.

Subscription billing models are becoming popular for businesses of all types regardless of size or customer base. If you are considering adopting this format, it is important to gain a full understanding of its definition, types, challenges, best practices, and other intricacies before taking the plunge. The following guide will provide you with everything you need to know.

Even when you do business with only domestic customers, it is vital that you securely process payments of all types. If possible, this priority becomes even more crucial when you enter the global marketplace. That’s why it is important to come up with a cross-border ecommerce plan that takes tangible steps to reduce the fraud and other cyber crimes that can deal a fatal blow to your brand.

In an age when digital security breaches seem to be the order of the day, affected entities are taking strong action to prevent them and to minimize their consequences. To that end, on April 14, 2016, the European Parliament approved the General Data Protection Regulation (GDPR, a set of requirements replacing the EU Data Protection Directive of 1995). The new law went into effect on May 25, 2018, and focuses on enhanced business transparency and bolstered consumer privacy rights. If you accept international payments now or are considering expanding internationally, you need to learn about the GDPR and how it affects your company.