The rule was slated to take effect on July 21, yet with less than one month to put in place all the mandated provisions, more time is required to implement these changes. For example, it will take … more
"What we found was that in addition to popular consumer oriented products like debit cards and rewards cards, today’s buyers are using several types of commercial card products including business, corporate, fleet, purchasing and GSA purchasing cards”, says Henrique Ceribelli, product manager at Bill.com. "We built our integrated merchant services solution so our clients could accept both consumer and commercial … more
In a mega lobbying effort pitting mega retailers against mega banks, the mega retailers won the day and the amendment was defeated. The amendment had called for a six-month study by regulators to consider the fixed and incremental costs to the financial institutions of the new rules, whether the rules will adversely affect consumers, and whether the small issuer exemption is feasible.
So what happens now? The Fed issued a draft rule in … more
Some cool features of Square:
It's simple to get started.
After entering a dollar amount for the transaction, you can add a picture from your phone or take a picture of the product you are selling.
You can enter and report on cash transactions … more