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Covering the Upcoming Regulations to Cash Discounting

Covering the Upcoming Regulations to Cash Discounting

by Kelley Ganas | May 25, 2022 | Bold Benefits, General Merchant Processing, Industry Trends

The industry and what we consider “cash discounting” is changing. As regulations from the card brands begin to mount, many merchant processors are looking to offer a variety of compliant fee-based programs for their merchants. As BOLD continues to uncover details, the...
TIN Validation: Defined, Preventing, and Resolving

TIN Validation: Defined, Preventing, and Resolving

by Brian McPherson | Oct 6, 2021 | General Merchant Processing, Industry Trends

Tax season has arrived and has, once again, proven to be one of the most arduous times of the year. As millions of citizens scramble to seek resourceful and legitimate guidance from tax accounts, merchants heavily rely on the attentiveness of their ISO principals and...
4 Common Mistakes When Boarding a Merchant Application – and How to Avoid Them

4 Common Mistakes When Boarding a Merchant Application – and How to Avoid Them

by Crystal | Aug 11, 2021 | General Merchant Processing

PART 1: Most Common Errors PART 2: Ramifications of Errors PART 3: How to Avoid Errors In welcoming the busiest season for payment processors, we’re diving into merchant applications and the steps that payment processors take to ensure that merchants can thrive and...
Part II: History and Future of Contactless Payments

Part II: History and Future of Contactless Payments

by Robert Copeland | Jul 6, 2021 | General Merchant Processing, Industry Trends

  Read Part 1: The History and Future of Contactless Payments Here WHAT MAKES CONTACTLESS UNTOUCHABLE? Formerly known as “card machines,” terminals have provided the general public with a reliable payment system that is both undervalued and overlooked. History’s...
Part 1: The History and Future of Contactless Payments

Part 1: The History and Future of Contactless Payments

by Robert Copeland | Jun 22, 2021 | General Merchant Processing, Industry Trends

TRANSPARENT TRANSACTIONS YOU CAN’T TOUCH. As with all elements in this evergreen society of progression, every evolutionary idea eventually runs its course. Within the financial sector, the 21st generation is spectating as paper currency hits the iceberg and sinks...
A BOLD Merchant Statement Breakdown: Part Two

A BOLD Merchant Statement Breakdown: Part Two

by Nichole Kazenske | May 12, 2021 | General Merchant Processing

Read Part I of the Series Here This post is a continuation of a two-part blog series on Merchant Statements. We discuss what every processor should know about statements, how to uncover hidden fees, and a sneak peek into the BOLD. Statement Analysis process. As...
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VersiTech, LLC is a registered ISO/MSP of each of Wells Fargo Bank N.A., Concord, CA; Synovus Bank, Columbus, GA; and Axiom Bank, N.A., Maitland, FL.