What's the issue with issuing?

Issuing Issues and Their Resolutions: From Exclusive to Inclusive for ISOs and Agents

In the wild world of payment processing, Independent Sales Organizations (ISOs) and agents have long navigated the tricky terrain of issuing. What used to be an exclusive domain has transformed dramatically, becoming more accessible to everyone. Let's explore the main issues ISOs and agents faced in the past and how those issues have been resolved today.

Issue 1: Regulatory Barriers

Then:

Back in the day, regulatory requirements were as strict as airport security on a bad day. Only the biggest players with deep pockets could afford to comply, leaving smaller ISOs and agents out in the cold.

Resolution:

Regulations have evolved, becoming more inclusive and supportive of smaller entities. Today, compliance is more achievable for ISOs and agents, thanks to clearer guidelines and supportive frameworks. Merchant Service Depot stays ahead of these changes, helping our partners navigate the regulatory landscape smoothly.

Issue 2: Technological Constraints

Then:

The technology needed for issuing was as expensive as launching a satellite. Smaller players simply couldn't afford the sophisticated systems required to issue cards and manage transactions.

Resolution:

Technological advancements have democratized access to issuing platforms. Cloud-based solutions and APIs have significantly reduced the cost and complexity, making it feasible for ISOs and agents to enter the market. At Merchant Service Depot, we provide cutting-edge technology that simplifies the issuing process and empowers our partners.

Issue 3: Limited Partnerships

Then:

Forming partnerships with banks and card networks was like trying to join a secret society. The process was exclusive, and only a few could establish the necessary relationships to issue cards.

Resolution:

The ecosystem of banks, card networks, and fintech providers has expanded, fostering more collaborative and inclusive partnerships. Today, ISOs and agents have greater access to the networks they need to issue cards effectively. Merchant Service Depot has built strong relationships across the industry, opening doors for our partners.

Issue 4: Compliance and Security

Then:

Staying compliant and secure was a constant challenge, with regulations frequently changing and security threats evolving.

Resolution:

With more robust compliance programs and advanced security measures, ISOs and agents can stay ahead of regulatory changes and protect their operations. Merchant Service Depot offers comprehensive compliance support and state-of-the-art security to ensure our partners' peace of mind.

Issue 5: Competitive Pressure

Then:

The issuing market was less crowded, but the barriers to entry were so high that many potential competitors never even got a chance to participate.

Resolution:

The democratization of issuing has increased competition, but it has also driven innovation and improvement. ISOs and agents must now differentiate themselves and continuously improve their services. Merchant Service Depot provides the tools and support needed to stand out in this competitive market.

SOOOOO there’s : No Issue with Issuing—Unless You’ve Got Issues, Which We Have

Issuing has evolved from an exclusive fortress to an open and inclusive domain, but it's not without its challenges. At Merchant Service Depot, we pride ourselves on addressing these issues head-on, providing the support and resources needed for our partners to thrive. Because really, there's no issue with issuing—unless you’ve got issues, which we have.

For more insights and support on your issuing journey, check out:

www.merchantservicedepot.com

What are you still doing here?

Your Weekend Sales Prep Starter Pack and Playlist

As a sales peeps, preparing for the weekend can make all the difference in setting the stage for a productive week ahead. To make this process even more enjoyable, here are ten expert tips paired with some famous quotes and songs about where your headed. hope this keeps you motivated and energized. This is your ultimate Weekend Sales Prep Starter Pack and Playlist. Enjoy!

1. Review the Week's Performance

Tip  : Look at your KPIs (Key Performance Indicators) and assess how you performed against your goals. Reflect on wins and losses to refine your strategies for the upcoming week.

Quote  : "Success is not final, failure is not fatal: It is the courage to continue that counts." — Winston Churchill

Song  : "Friday I'm in Love" — The Cure

2. Plan for the Next Week

Tip  : Establish clear, achievable goals for the next week. Create a prioritized task list to hit the ground running on Monday. Schedule important meetings and calls for the next week to ensure better preparation and availability.

Quote  : "The secret of getting ahead is getting started." — Mark Twain

Song  : "Last Friday Night (T.G.I.F.)" — Katy Perry

3. Follow Up on Pending Deals

Tip  : Touch base with leads and prospects by sending follow-up emails. Confirm appointments for the next week to keep the momentum going.

Quote  : "The fortune is in the follow-up." — Jim Rohn

Song  : "The Weekend" — SZA

4. Organize Your Workspace

Tip  : A clean and organized workspace can help you start the next week with a clear mind. Ensure all interactions and information are logged into your CRM system.

Quote  : "For every minute spent organizing, an hour is earned." — Benjamin Franklin

Song  : "Blinding Lights" — The Weeknd

5. Connect with Your Team

Tip  : Inform your team about the status of important deals and any assistance you might need. Offer help to colleagues before the weekend.

Quote  : "Alone we can do so little; together we can do so much." — Helen Keller

Song  : "Can't Feel My Face" — The Weeknd

6. Prepare for Personal Development

Tip  : Identify articles, books, or whitepapers to read over the weekend to improve your skills. Enroll in webinars or online courses if you have time over the weekend.

Quote  : "The only limit to our realization of tomorrow will be our doubts of today." — Franklin D. Roosevelt

Song  : "Weekend" — Mac Miller

7. Customer Engagement

Tip  : Send thank you notes to clients or prospects to leave a positive impression. Make quick check-in calls to key clients to show you’re thinking about them.

Quote  : "Your customer doesn’t care how much you know until they know how much you care." — Damon Richards

Song  : "I Gotta Feeling" — The Black Eyed Peas

8. Review Your Sales Pipeline

Tip  : Ensure your sales pipeline is up to date and reflect any changes. Clearly define the next steps for each deal in your pipeline.

Quote  : "You can't manage what you don't measure." — Peter Drucker

Song  : "Living It Up (Friday Night)" — Bell and James

9. Reflect and Recharge

Tip  : Take a few minutes to reflect on what you learned this week. Make plans to relax and recharge over the weekend, as a well-rested mind is more productive.

Quote  : "Take rest; a field that has rested gives a bountiful crop." — Ovid

Song  : "Dancing in the Moonlight" — Toploader

10. Communicate with Leadership

Tip  : Provide your manager with a brief update on your progress and plans for the next week. Seek feedback on any pending issues or strategies.

Quote  : "Feedback is the breakfast of champions." — Ken Blanchard

Song  : "Friday" — Rebecca Black

Implementing these tips can help you end your week on a high note and ensure you’re prepared for the week ahead, maintaining productivity and efficiency in your sales activities. Pairing these tips with an upbeat soundtrack makes the process even more enjoyable, keeping you motivated and energized as you head into the weekend.

So what are you still doing here.

While it's important to wrap up your work effectively, we also recommend shutting it down, getting in touch with nature, spending quality time with family, and recharging. After all, a balanced life leads to a more productive workweek.

Have a great weekend! And as Elton John famously sang, "Saturday night's alright for fighting."

Enjoy your weekend prep!

Call me when you get this. I think I fell in LOVE!!!

A Funny Thing Happened on the Way to Training: I Fell in Love with Our Gateway

Hey everyone! So, a funny thing happened on the way to our training session today—I totally fell head over heels for our new gateway! I know, I know, it sounds crazy, but hear me out. Let me introduce you to the traits of this amazing 'person' I met, like a teenage crush story.

The Future-Proof Dreamboat

First off, they're a total dreamboat with a future-proof design. Imagine someone who’s always thinking ahead, planning for the future, and ensuring you never have to worry about unexpected hurdles. That's our gateway! It’s designed to keep high-risk merchants processing smoothly, accepting all major shopping carts and supporting various high-risk merchant types. They've got everything planned out, so we can just focus on growing and succeeding.

The Control Freak (In a Good Way)

Okay, so they're a bit of a control freak, but in the best way possible! They’ve got over 120 permissions to make sure everything flows just right. It's like dating someone who’s super organized and always on top of things. You know those people who have everything under control and make your life so much easier? That’s them, with their load balancing feature, ensuring real-time capacity management across multiple merchant accounts. Swoon!

The Integration Genius

Now, let’s talk about their genius level of integration. Picture someone who gets along with everyone—partners, developers, merchants—they’re just so versatile! They support issuing, banking, and next-gen products all in one place. Plus, they’re cool with alternative payments like Apple Pay. It’s like having a partner who’s great with all your friends and family, fitting in perfectly no matter the situation.

Mr./Ms. Security and Transparency

Then there’s their strong, protective side. They’re all about security, with tokenization, 3D-Secure, KYC, AML, and a whole team dedicated to risk and compliance. It’s like having a partner who always makes you feel safe, no matter what. And the best part? They’re totally transparent—no hidden fees, just honest and straightforward. Talk about relationship goals!

The Supportive Sweetheart

They’re also the most supportive person ever. Imagine someone who’s there for you 24/7, always ready to help with any problem. That’s our gateway’s customer service. Whether you need help through email, text, or phone, they’ve got your back. Plus, they’ve got this amazing white-label feature that lets you customize the gateway to reflect your brand, making you feel special and unique.

The End-to-End Functional Hottie

Finally, they’ve got end-to-end functionality. Seriously, they do it all—credit card and ACH processing, QR code payments, batch processing, you name it. It’s like dating someone who’s good at everything, from cooking to fixing stuff around the house. They even keep everything secure with features like automatic card updating and real-time reporting, giving you valuable insights and peace of mind.

Love is Love

So, there you have it. A funny thing happened on the way to training—I fell in love with our gateway. They're future-proof, in control, a genius at integration, super secure, incredibly supportive, and an all-around functional hottie. I mean, what’s not to love? OMG, I think I like like our gateway. I digress—Love is Love.

About Merchant Service Depot

Merchant Service Depot (MSD) is a global leader in payment processing solutions, serving high-risk merchants with innovative tools and unparalleled support. With over 22 years in the business and a dedicated team of professionals, MSD is committed to providing seamless payment solutions that drive growth and success for merchants worldwide.

Merchant’s Field Guide: Best and Worst Days to Sell Payments Solutions

"Monday I could wait till Tuesday if I make up my mind, Wednesday would be fine, Thursday's on my mind, Friday'd give me time..." - Sting, "Seven Days"

We got a lot of hang ups I guess hats how we know...

"The Best and Worst Days to Sell Payments Solutions"

Timing is everything in sales, especially when it comes to selling payment solutions. Understanding the best and worst days to approach prospects can significantly impact your success rate. This field guide provides insights into optimal sales timing across various industries, ensuring you maximize your efforts and close more deals.

General Trends Across Industries

Software (MCC 5734)

-   Best Days to Sell  : Tuesday and Thursday

-   Why  : Decision-makers are more focused and available after the start-of-the-week rush and before end-of-the-week distractions.

-   Worst Day to Call  : Friday

-   Why  : Prospects are preparing for the weekend, making them less likely to engage in significant decision-making.

-   Email Response Days  : Monday and Wednesday

-   Why  : Emails sent early in the week catch recipients fresh and ready to tackle new tasks.

Biotech (MCC 2836)

-   Best Days to Sell  : Wednesday

-   Why  : Midweek allows for follow-ups from earlier conversations and planning for the rest of the week.

-   Worst Day to Call  : Friday

-   Why  : Fridays are less productive as professionals wind down for the week.

-   Email Response Days  : Tuesday and Thursday

-   Why  : These days provide a balance between early week overload and end-of-week fatigue.

Finance (MCC 6012)

-   Best Days to Sell  : Tuesday and Wednesday

-   Why  : Financial professionals are typically more engaged and have settled into their week.

-   Worst Day to Call  : Friday

-   Why  : Fridays are often used for catching up on work and preparing for the next week, reducing the likelihood of engaging in new deals.

-   Email Response Days  : Monday morning and Thursday afternoon

-   Why  : Mondays allow for early-week planning, while Thursdays are good for wrapping up tasks before the weekend.

Healthcare (MCC 8011)

-   Best Days to Sell  : Monday and Wednesday

-   Why  : Healthcare professionals tend to schedule meetings and make decisions early in the week.

-   Worst Day to Call  : Friday

-   Why  : Patient appointments and administrative work take precedence on Fridays.

-   Email Response Days  : Tuesday and Thursday

-   Why  : Optimal days for administrative tasks and responses.

Real Estate (MCC 6513)

-   Best Days to Sell  : Wednesday and Thursday

-   Why  : Midweek is effective for following up on weekend showings and preparing for upcoming ones.

-   Worst Day to Call  : Friday

-   Why  : Focus shifts to weekend plans and showings, leaving less time for new negotiations.

-   Email Response Days  : Monday and Wednesday

-   Why  : Early week planning and midweek follow-ups are key in real estate.

E-commerce (MCC 5969)

-   Best Days to Sell  : Tuesday and Thursday

-   Why  : Decision-makers are available and focused, making these days optimal for closing deals.

-   Worst Day to Call  : Friday

-   Why  : End-of-week fatigue and preparation for the weekend reduce engagement.

-   Email Response Days  : Monday and Wednesday

-   Why  : Early week organization and midweek productivity peaks.

Manufacturing (MCC 3699)

-   Best Days to Sell  : Wednesday and Thursday

-   Why  : Midweek provides a balance between production schedules and administrative tasks.

-   Worst Day to Call  : Friday

-   Why  : Focus on production deadlines and weekend preparations.

-   Email Response Days  : Tuesday and Thursday

-   Why  : Optimal for administrative and planning activities.

Telecommunications (MCC 4812)

-   Best Days to Sell  : Tuesday and Wednesday

-   Why  : Technical staff and decision-makers are most responsive midweek.

-   Worst Day to Call  : Friday

-   Why  : Reduced availability as teams wrap up the week.

-   Email Response Days  : Wednesday and Thursday

-   Why  : Midweek efficiency for addressing queries and planning.

Education (MCC 8299)

-   Best Days to Sell  : Tuesday and Wednesday

-   Why  : Educational administrators are most active in planning midweek.

-   Worst Day to Call  : Friday

-   Why  : Focus on wrapping up the week and planning for the following week.

-   Email Response Days  : Monday and Thursday

-   Why  : Early week for setting agendas and late week for follow-ups.

Retail (MCC 5311)

-   Best Days to Sell  : Wednesday and Thursday

-   Why  : Midweek is productive for inventory and planning, making decision-makers more available.

-   Worst Day to Call  : Friday

-   Why  : Preparation for the weekend rush reduces time for new engagements.

-   Email Response Days  : Tuesday and Thursday

-   Why  : Ideal for coordinating with suppliers and planning promotions.

Special Section: E-Pharmacy and E-Commerce

E-Pharmacy (MCC 5912)

Best Days to Sell  :

-   Tuesday and Thursday

-   Why  : Midweek days are optimal for e-pharmacies because healthcare professionals and patients are more likely to have settled into their weekly routines and are looking to refill prescriptions or purchase health products after initial consultations early in the week.

Worst Day to Call  :

-   Friday

-   Why  : Patients and healthcare providers often focus on wrapping up the week and may be less inclined to engage in purchasing activities. Additionally, healthcare providers are less available for consultations, which reduces the likelihood of new prescription orders.

Email Response Days  :

-   Monday and Wednesday

-   Why  : Mondays are effective as patients plan their week and address healthcare needs. Wednesdays serve as a follow-up day when reminders about refills and health check-ins are timely.

E-Commerce (MCC 5969)

Best Days to Sell  :

-   Tuesday and Thursday

-   Why  : E-commerce platforms see higher engagement midweek when consumers are actively looking for deals and have more time to compare products and make purchasing decisions. These days also align well with promotional strategies and email campaigns, which often start early in the week.

Worst Day to Call  :

-   Friday

-   Why  : Consumers are generally less responsive as they prepare for the weekend, focusing on leisure activities rather than making purchasing decisions.

Email Response Days  :

-   Monday and Wednesday

-   Why  : Email open rates and click-through rates are higher at the beginning and middle of the week. Consumers are more likely to check and respond to emails as part of their regular routine.

MSD Knows…

Both e-pharmacy and e-commerce sectors benefit from focusing sales efforts and email campaigns on Tuesdays and Thursdays, leveraging consumer engagement patterns. Fridays are consistently less effective across these industries for initiating sales calls due to reduced consumer responsiveness as the week winds down. Call your rep for scripts.

It's Saturday? Well go call your Momma, or your Nanna or your Grandpa. (wait new blog idea!!!!)

Sources:

- HubSpot's report on the best days to close deals based on sales data

- Infinity's analysis of sales close rates by industry.

Understanding these patterns and strategically timing your outreach can significantly improve your sales effectiveness and customer engagement. Use this field guide to optimize your approach and ensure you are making the most out of every opportunity.

Smileyface Dollarsign: A simple introduction to happy payments.

Okay, "Smileyface Dollarsign" that sounds like a Willy Wonka candy bar. But to me it's —a simple introduction to happy payments. An emoji text, a fascinating symbol of how payments and language are being intertwined and transformed.

Transforming your Payments and staying ahead of the competition doesn’t have to be complicated. At Merchant Service Depot, we believe that innovation can be as simple as sending a text. Our new payment gateway is designed to revolutionize the way you handle transactions, making it easier, faster, and more secure for both you and your customers.

Transformation can be Frictionless. Friendly. Future-Proof.

Our new gateway integrates seamlessly with your existing systems, providing advanced features while remaining incredibly user-friendly. Here’s how it transforms your payment processes:

Effortless Integration  :

Start processing payments quickly without overhauls or downtime.

Secure Transactions  :

State-of-the-art encryption and fraud prevention protect every transaction.

Versatile Payment Options  :

Supports various payment methods, including sending payment requests via text for easy, tap-to-pay convenience.

Advanced Management  :

Over 120 customizable permissions, velocity controls, and load balancing to fit your needs.

Real-Time Insights  :

Robust reporting tools offer real-time analytics to inform business decisions.

Support for High-Risk Merchants  :

Continuous processing for Merchants.

Customer Convenience  :

Pay-by-text and mobile-friendly features enhance customer satisfaction.

Simply put, "Smileyface Dollarsign" sounds like a gangsta name my nanna gave me. (And then you tell everyone your name is Smileyface Dollarsign and you get canceled...wait, it's not about me).

But it’s not. You know payments have changed transformed even, and adding payments to your sms strategy could transform your business.

Don’t believe me? Check out our new website [www.merchantservicedepot.com]

Top 10 Things Tech Integrators Wish They Knew Before Payments Integration: A Super Agenda and Meeting Prep Guide

Top 10 Things Tech Integrators Wish They Knew Before Payments Integration: A Super Agenda and Meeting Prep Guide

Integrating a new payments system can be a daunting task, filled with unexpected challenges and complexities. To help navigate this process, we anonymously surveyed 10 top technology integrators and asked them what they wish they had known before embarking on a payments integration. Their insights have been distilled into a comprehensive super agenda and meeting prep guide to ensure your integration is smooth and successful.

Top 10 Things We Wish We Knew Before a Payments Integration

1. Prioritize Cybersecurity

Insight:   Ensuring robust cybersecurity measures to protect data and systems is crucial. Regularly updating security protocols and educating employees on best practices can mitigate risks. Integrators emphasized the importance of proactive cybersecurity measures to prevent breaches that could compromise sensitive customer and financial data.

2. Embrace Digital Transformation

-   Insight:   Investing in digital technologies aligned with business goals and customer needs keeps you ahead of the competition. Continuous innovation is key. Digital transformation should not just be about adopting the latest technologies, but also about rethinking how your business operates and delivers value to customers. It requires a strategic approach to ensure technology investments are aligned with long-term business objectives.

3. Leverage Data Analytics

Insight:   Using data analytics to drive decision-making provides valuable insights into customer behavior, market trends, and operational efficiencies, enhancing strategic planning. By leveraging advanced analytics tools, businesses can gain a deeper understanding of their market and make more informed decisions. This can lead to improved customer experiences, optimized operations, and increased profitability.

4. Integrate Business Systems

Insight:   Seamlessly integrating business systems with payment operations improves coordination and performance across the organization. Integration ensures that data flows smoothly between different systems, reducing errors and improving efficiency. It also allows for better tracking of transactions and more accurate financial reporting, which is essential for making informed business decisions.

5. Focus on IT and Cybersecurity

Insight:   Protecting your operations with robust IT and cybersecurity measures ensures high levels of security and operational integrity. Cybersecurity is not just about protecting data but also about ensuring the reliability and availability of your systems. Regular audits, penetration testing, and employee training are critical components of a strong cybersecurity strategy.

6. Invest in AV Technology

Insight:   Advanced audiovisual technology significantly improves communication and collaboration within organizations. Keeping AV systems up-to-date and well-managed is essential. Effective AV technology can facilitate better remote work experiences, improve customer interactions, and enhance internal communications. This is especially important in today's hybrid work environment where clear and reliable communication is key to productivity.

7. Enhance User Experience

Insight:   Designing systems and solutions that enhance user experience makes technology more accessible and easier to use for everyone in the organization, boosting overall efficiency. User-friendly interfaces and intuitive designs reduce the learning curve for new systems, increase adoption rates, and improve overall satisfaction. Consider involving end-users in the design and testing phases to ensure the solutions meet their needs.

8. Scale with Growth

Insight:   Ensuring technology solutions can scale with business growth is critical. Planning for future needs and potential expansions is a key part of the strategy. Scalability should be built into the architecture of your systems from the outset. This means choosing technologies and vendors that can grow with your business and avoid costly and disruptive upgrades down the line.

9. Implement Automation Solutions

Insight:   Automation streamlines operations, reduces errors, and improves efficiency. Investing in reliable automation technologies tailored to industry needs is beneficial. Automation can handle repetitive tasks, freeing up employees to focus on more strategic activities. It can also improve accuracy and speed, leading to better customer service and lower operational costs.

10. Collaborate with Experts

Insight:   Working with experienced integrators and consultants provides valuable insights and support throughout the integration process. Experts can offer guidance on best practices, help navigate complex technical challenges, and ensure that the integration aligns with your business goals. Collaborating with external partners can also bring fresh perspectives and innovative solutions to your integration project.

Pre-Meeting Checklist

Before diving into your payments integration meeting, ensure you have prepared thoroughly with the following checklist:

Gather Relevant Data:
✅Current sales and transaction volumes.
✅Security protocols and updates.
✅Digital transformation initiatives.
✅Data analytics tools and insights.
✅Business systems and integration points.

Prepare Visual Aids:
✅Charts and graphs showing key metrics.
✅Diagrams of integration points and planned updates.

Review Objectives:
✅Ensure alignment of technology initiatives with business goals.
✅Identify potential risks and mitigation strategies.

Invite Key Stakeholders:
✅IT and cybersecurity experts.
✅Digital transformation leads.
✅Data analysts.
✅Business systems integrators.
✅Automation specialists.

One-Hour Payments Integration Meeting Agenda

Objective:   Successfully integrate payment solutions while addressing key insights to ensure seamless operations and growth.

1. Welcome and Introductions (5 Minutes)

- Briefly introduce everyone present.

- Set the agenda and objectives for the meeting.

2. Cybersecurity Measures (10 Minutes)

- Discuss the importance of robust cybersecurity.

- Review current security protocols and planned updates.

3. Digital Transformation Strategy (10 Minutes)

- Outline the digital technologies to be implemented.

- Align digital transformation with business goals and customer needs.

4. Data Analytics Integration (10 Minutes)

- Discuss the role of data analytics in decision-making.

- Plan the integration of data analytics tools for insights into customer behavior, market trends, and operational efficiencies.

5. Business Systems Integration (10 Minutes)

- Review current business systems and identify integration points with payment operations.

- Plan for seamless coordination and improved performance.

6. Automation Solutions (10 Minutes)

- Plan for the implementation of automation technologies to streamline operations, reduce errors, and improve efficiency.

7. Collaboration with Experts (5 Minutes)

- Identify experienced integrators and consultants to work with.

- Plan for their involvement and support throughout the integration process.

8. Review and Action Items (5 Minutes)

- Summarize key points discussed.

- Assign responsibilities and set deadlines for action items.

- Schedule the next meeting to review progress.

By following these expert tips and structured agenda, you'll be well-equipped to tackle the complexities of payments integration, ensuring a smoother process and better outcomes for your organization. These insights and preparations can help you avoid common pitfalls and set the stage for a successful integration that supports your business goals and enhances operational efficiency.

The Heat is On: High Temperatures and High-Risk Merchant Codes

It's a heatwave where I am in the Northeast and it got me thinking. So, let's dive into the scorching impact of high temperatures on high-risk merchant categories. It’s hot out there, and our high-risk industries are feeling the burn. Here’s a breakdown of how high temperatures affect these industries and the mitigation strategies that can help.

Agriculture (MCCs 0763, 0780, 0191, 0723)

Impact: High temperatures can severely stress crops, leading to reduced yields and increased incidences of pests and diseases. Farmers need to spend more on water for irrigation, pest control measures, and cooling systems for storage facilities. These added costs can strain cash flow and disrupt payment cycles.

Mitigation Strategy: Invest in Technology

Gateway Feature:   Velocity Controls

- Set more than 150 permissions to ensure transactions flow at the right pace, helping manage increased costs and operational complexities associated with high temperatures.

Construction (MCCs 1520, 1771, 1799, 1761)

Impact: Workers are at high risk for heat-related illnesses, which can decrease productivity and increase health risks. High temperatures can also affect the integrity of materials such as concrete and asphalt, leading to potential structural issues and delays in project timelines.

Mitigation Strategy: Enhance Infrastructure

Gateway Feature :   Load Balancing

- Built for multi-mid merchant relationships, this feature provides a real-time view of capacity by merchant account, helping manage project timelines and costs effectively even during high temperatures.3. Leverage Data Analytics

Logistics and Transportation (MCCs 4214, 4511, 4733, 478

Impact: High temperatures can reduce fuel efficiency and increase the likelihood of vehicle breakdowns, leading to higher fuel and maintenance costs. Transporting perishable goods becomes more challenging, necessitating enhanced cooling systems and higher operational costs.

Mitigation Strategy: Optimize Energy Use

Gateway Feature:   Subscription-based Alternative Payments

- Accepting alternative payment methods and optimizing billing frequency can streamline financial operations, aiding in better management of increased operational costs.

Energy (MCCs 4900, 4931, 5172, 5983)

Impact: High temperatures lead to a surge in demand for air conditioning and cooling, putting strain on energy grids and increasing operational costs for energy providers. This can result in higher utility bills for businesses and consumers.

Mitigation Strategy: Implement Health and Safety Measures

Gateway Feature:   Futureproof Your Transactions

- The inclusion of next-gen products and issuing banking solutions in one place helps energy companies manage high-demand periods more effectively, ensuring continuous operations and safety compliance.

Comprehensive Solutions for High-Risk Merchants

Navigating high temperatures and high-risk industries is tough, but with the right tools, businesses can maintain stability and efficiency. The MSD Total Acceptance Gateway provides a suite of tools designed to support high-risk merchants through challenging conditions, including high temperatures. Features like   Pay-by-Text  ,   Partner Developer and Merchant Integrations  , and   More High-Risk Merchant Types Accepted   ensure smooth and efficient payment processes, regardless of external conditions.

By integrating these advanced functionalities, high-risk industries can better navigate the financial and operational challenges posed by high temperatures, ensuring business continuity and growth. For more information on how these gateway functionalities can support your business, explore the MSD Total Acceptance Gateway. Phew!

Velocity, a Week in the Life of a Highly Regulated Application

Velocity, a Week in the Life of a Highly Regulated Application

Our  VP Of Marketing and Biz Dev. John Malone Spends A week getting regulated. How did it go?

Throughout the week, we witnessed firsthand the functionality and capabilities of the MSD Total Acceptance Gateway. This platform is designed to get and keep merchants processing seamlessly, especially highly regulated ones, by providing a comprehensive solution with the appropriate tools and controls.

(Ok I was the last one to sign up for training)

Key Features of the Gateway:

(Yes I played catch up)

✅ Velocity Controls: Set over 150 permissions to ensure transactions flow at the right pace.

✅ Load Balancing: Built for multi-mid merchant relationships, offering a real-time view of capacity by the merchant account.

✅ Pay-by-Text: Send links and invoices directly from the gateway to phones.

✅ Subscription-based Alternative Payments: Accept ApplePay and other subscription-based payments based on billing frequency.

✅ Future-proof Transactions: Includes issuing, banking, and next-gen products all in one place.

✅ Integration Capabilities: Compatible with all major shopping carts, accepting more high-risk merchant types with ready-to-go vertical gateway packages for various industries.

The Velocity of a Week in the Life of a Highly Regulated App:

- Monday: Reviewed and understood the compliance guidelines.

- Tuesday: Assisted in completing documentation requirements.

- Wednesday: Conducted site surveys and verified business operations.

- Thursday: Implemented velocity controls and load balancing for new merchants.

- Friday: Facilitated integration with major shopping carts and futureproofed transaction processes.

Seriously though our first week using our new suite of products was an enriching experience. It underscored the importance of stringent compliance, thorough documentation, and robust functionality to support high-risk merchants. By navigating these challenges, we not only ensured regulatory adherence but also contributed to broader economic growth and innovation.