Ok, so new stuff can be scary...especially when it involves your hard-earned money. When it comes to new payment technologies, you're probably concerned about security, understanding the technology, security, setup, security, etc. I totally get it! As a forty-something who witnessed the advent of ATMs and has had hackers fraudulently use my debit card information (at an RV park in Florida, at that!), I totally understand.
When you start narrowing down on the type of equipment your business needs, it’s a good idea to thoroughly consider the pros and cons of leasing versus buying. There are certain situations when the cost-benefit of one option may strongly outweigh the other.
When lending to business for equipment I always seem to get a similar question. Is it better for me to lease or buy a piece of equipment? For business owners who need certain equipment to operate and make their business successful, there is a lot to consider. It goes beyond just looking at the overall costs of buying or leasing a piece of equipment, you also need to consider maintenance, tax deductions, flexibility and more.
"Why are stores still asking me to swipe my debit card while others let me dip?" It's a great question, and you're not the only one asking it. The good news is, we shouldn't be asking it much longer.
You're probably thinking, "Duh. Merchant services are services for merchants." That's what I would have thought, too...until I started working at a bank that offers such services. While a lot of folks who use merchant services know exactly what the term means, others may know they have a need but don't know what to ask for.
Cybersecurity is a 24/7 concern for consumers--at least it should be. Here at Bank Independent, our cybersecurity team is deeply committed to protecting the personal and financial information entrusted to us by our customers. Part of that commitment includes providing consumers and businesses with up-to-date information and recommendations on measures you can take to prevent fraud at home and on the go.
How often do you hear this when checking out at a retailer: "Are you a member of our loyalty program?" or "Do you have your rewards card with you today?" These days, consumers can easily collect a keychain full of bar-coded fobs designating their loyalty to certain merchants. The programs aren't a passing fad. In fact, studies show that loyalty and reward programs are growing in popularity because of the benefits they offer to both businesses and consumers. The great news is that these programs are no longer just for the big box stores--there are some simple ways small business owners like you can show your customers how much you appreciate them, and keep them coming back!
Your mobile device provides convenient access to your email, bank and social media accounts. Unfortunately, it can potentially provide the same convenient access for criminals. Bank Independent recommends following these tips to keep your information – and your money – safe.
It's been said that in order to succeed in business, a small business owner should secure trustworthy relationships with three types of professionals: an accountant, an attorney and a banker. Each of these partners provide crucial services to help your business grow. But how do you know you've chosen the right one?
