Key Takeaways: ABC analysis categorizes inventory into A (high-value), B (medium-value), and C (low-value) based on revenue contribution. Manual ABC analysis is possible but can be complex and prone to errors; automated inventory management software like KORONA POS is...
Over the last 25 years digital forms of payment have been on the rise. What started as credit card sales through telephone lines and eventually computers, gave birth to a new type of online payment. Sending money quickly, securely, and digitally without the need for...
The payment industry has been anticipating drastic changes to its standards for several years now. These changes to the Payment Card Industry Data Security Standard (PCI DSS) are finally being implemented in the first half of 2022. For retailers, such a change is an...
A merchant acquirer is a financial institution that holds your merchant account and is part of the network that processes card payments. Your payment processor handles the transfer of the data. The acquirer is responsible for the account and the risk. Many retailers...
Your customer has just finished adding items to their cart, and they are happy with the purchase they are about to make. You take their credit card and insert it into your payment processor machine, but suddenly the screen displays a credit card declined code. Your...
