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Monthly Archives: October 2017

Businesses Still Waiting for U.S. Banks to Value Real-Time Payments

For some time, businesses have been asking the same questions: when are real-time payments going to be adopted by U.S. banks? Numerous countries – UK, Singapore, Poland and Mexico – have had near-real-time processing for some time. Real-time payments (known as faster payments) were introduced in the UK back in 2008. In 2016 alone, the UK’s faster payments services payment volume growth was 19.8%.

The U.S., however, has been trying to play catch up. Even though the daily volume of commercial checks collected in the U.S. has dropped 66% from 2000 to 2014 (from 67 million to 22.9 million), paper checks are still a popular payment method; this is especially true for payments like rent and utilities.

But why would consumers choose paper checks when there are faster options out there? Customers have shown that they value the use of instant payments; such as, PayPal and ApplePay. However, real-time bank payments simply do not exist in the U.S. The delay in the implementation of EMV chip cards in the U.S. (even though other countries have had this system in place for a decade), coupled with the ability – or lack thereof – to process payments in a timely manner, play a large role in this delay.

Now, the Fed finds itself in a chase to catch tech giants like Apple, Google and PayPal. Still considering all the options, the Federal Reserve has just now begun to review real time payments. The goal is to introduce this payment option by 2020.

What Real-Time Payments Will do for You

  • Faster payments dramatically shorten the time involved for recognizing a receivable – much needed liquidity.
  • Working capital management is made simpler.
  • Real-time payments also provide critical payment data that has the potential, if utilized, to reduce back-office costs.
  • Checks carry little data. Real-time payments, on the other hand, relay more information for businesses to improve payment transactions and better view cash-flow.
  • One of the most attractive benefits, real-time payments systems focus on security, enabling better fraud protection for both merchant and consumer.

High Risk Merchant Account Instant Approval

Even though banks are beginning to accept the inevitable, there are many merchants who will be unable to secure real-time payments when banks provide this option. Banks are hesitant to work with any business they consider to be “high risk”. An increasingly popular solution to this problem is a high-risk merchant account from a provider like EMerchantBroker. Alternative lending sources like EMB specialize in offering high-risk merchants credit card processing.

If your high-risk business is in need of fast, secure payment processing, consider what an account with EMB could do for your business.

Electronic payments expert, Blair Thomas, co-founded eMerchantBroker in 2010. His passions include writing/producing music, and travel. eMerchantBroker is America’s No. high risk merchant account instant approval company, serving both traditional and high-risk merchants.

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Factors to Consider While Choosing the Best Financial Advisors in Today’s World

Financial advisors offer guidance to their customers for compensation. Below, is a list of various key aspects one needs to look out for while choosing the best business advisor.

Before hiring a financial advisor, it is important for the clients to know their financial requirements. There are different reasons for hiring a funds management advisor, purchasing a home, receiving an inheritance, retiring, borrowing money. These kinds of advisors ensure that their clients spend less than they make in their day to day lives. In most cases people tend to spend more than they make, thus fail to save for the future. The perfect advisor can assist one to decide on where and how to spend one’s money optimally as well as enable them to save for the future.

A good investment manager should be in a position to assist the client to be able to save for any investments. The amount of money an individual invests, and the return one receives on the investment leads to the total amount saved for a particular investment.

It is unfortunate that estate taxes have a negative impact on the accumulation of assets and the income one is to receive in the future; thus there is need to hire a tax planning advisor. Tax rates and laws keep on changing leading to a reduction in the amount of tax paid. It’s, therefore, essential for the individuals to look out for the tax planning expert advisor.

At some point in life, many people wish to transfer their property to specific beneficiaries at a minimal time and expense thus, the need for one to have an estate planning advisor. Estate laws are the tools required in estate planning. It is important to have a skilled estate planner since they understand the state laws that affect the whole process.

How well the advisor is skilled, matters a lot when it comes to the best advisor selection. The financial advisor should be registered as an adviser with a reputable institution or with the concerned organization. It is also advisable for the clients to check on whether the advisor has been subjected to lawsuits or the customer complaints.

It is important for one to confirm the advisor’s accomplishment before doing the hiring. A client should not believe the advisor’s word of mouth but confirm the paper documentation to verify the accomplishment aspect. One should also confirm the training attended by the advisor and also ask about any complaints the authority may have received from that particular advisor. The other thing to look out for when considering the qualification aspect is the referrals.

The third-factor one should consider while choosing the best financial advisor is the trust. When dealing with a financial advisor, it is important to consider their integrity.

The fourth-factor one needs to consider while looking for the right financial advisor is the compatibility. The more comfortable the both parties are with each other, the higher the chances of increased levels of trust.

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Advantages of Pest Control Services

If you are a homeowner, you no doubt want your house to always be the best that it can possibly be. In order to do this, you need to make sure that there are no pests inhabiting your house. When you find that there are pests, you should immediately take steps to remove them. Thankfully, today, it is now easier than ever before for people to get rid of pests, because today, people can now get pest control services. When you get pest control services, you will find that there are a lot of benefits that you can enjoy. Someone who has never got pest control services before might be wondering what exactly the benefits of getting them are. Right now, we are going to have a short look at some of the plentiful advantages that all people who decide to get pest control services for their home will definitely enjoy when they do so.

When you get pest control services, you can be sure that the pests in your home will be completely removed. Everyone should know that pests are very fast to grow and very fast to multiply and really infest houses. When someone tries to kill the pests in his or her house by himself or herself, they might not be able to kill off all the pests and leave a few survivors. And before long, people will find that their house will be infested with pests all over again. It is for this reason that people will be so much wiser to get pest control services for themselves instead of trying to kill the pests by themselves. People that pest control services can be sure that the professionals know exactly how to kill off every single pest in their house so that there will be no chance of multiplying from only a few survivors.

People who decide to get pest control services will also be happy to know that all the pests in their house will be killed off as safely as possible. In order to kill off pests, you will have to deal with some dangerous chemicals. Everyone should be aware of the fact that these chemicals are not only fatal for pests, but they can actually cause a lot of trouble for humans if not dealt with properly. That is why pest control can be a pretty dangerous job. And that is why you should certainly let the professionals only do this job for you. This way, you can be sure that absolutely no one, except the pests, will be hurt.