Protect Your Business From the Costs of a Potential Data Breach

Data breaches, which entail the unauthorized release of private personal data, are a growing concern for businesses across the country. And if you’re a small business, a data breach can bring particularly serious consequences: a recent survey revealed that an astounding 60% of small businesses will shutter their doors in the aftermath of a data breach.

Fidelity is proud to offer merchants the Data Protection Service Program, which provides coverage for liabilities incurred from the fallout of an actual or suspected data breach. While we truly hope that you won’t ever need to utilize the benefits of this program, should a data breach you can rest assured that your business will avoid tremendous losses.

On December 22nd of 2017, President Trump signed the Tax Cuts and Jobs Act into law after winning approval from the Senate. The tax reform has since received mixed reviews: while the White House forecasts that its tax cuts for corporations will increase the average household income and grow the economy, many disagree with this premise. Regardless of who’s right, though, the tax reform is sure to have a big effect on businesses. Here’s a quick overview of how it will most likely affect merchants, and specifically, for whom the changes will be most advantageous.

Sometimes, all you need is some extra capital. Fundomate makes getting an unsecured, uncollateralized business loan simple.
Fundomate guarantees funding that is:

FAST
Complete the 2-minute application and get funding in as little as 1 business day.

EASY
The days of complicated loan applications are over. The process is simple.

AUTOMATIC
Regular fixed payments mean no worrying about large end-of-month obligations.

SAFE & SECURE
The most secure platform in the industry. Fundomate utilizes bank-level security, so your information is 100% secure.

Fidelity has partnered with Fundomate to bring the advantages of simple loans to business owners like you.

Apply Now

Every now and then you come across an online tool that is so useful, you want to shout about it from a rooftop – or a blog post.

We all use PDF documents during the course of a day, but it can be frustrating to make changes to PDF documents.

PDFescape is a free online tool and is the answer to all your PDF editing needs! Some of the most popular uses are:

While many businesses and organizations accept payments online, a significant amount of sales are still done the old-fashioned way – by phone. But manually staffing phone lines means there will inevitably be lost revenue, due to high call volume and when the office is closed.

With a pay-by-phone solution, you can accept payments around the clock through an automated system. Utilizing IVR (Interactive Voice Response) technology that is fully customizable, the system will guide callers through the available options, and securely process credit card payments in live time. And that is just the start.

Fidelity offers the most cost-effective Interactive Voice Response (IVR) solution that enables automated phone payments. Our Pay-By-Phone service offers a powerful, yet easy-to-use system that is available around the clock, and has many benefits for businesses and nonprofits.  To illustrate, a charity running a raffle fundraiser can offer donors a hotline. Callers will hear a pre-recorded welcome message and be presented with the following flow:

Recent surveys conducted by Atradius and CFO.com revealed some shocking statistics about accounts receivable:

• 39 percent of invoices in the US are paid late.
• 48 percent of customers will try to delay payments.
• 11 percent of customers never receive their invoices.
• Invalid or incorrect purchase order information leads to 49 percent of disputes.

Cash is not going away in the foreseeable future, but people are carrying a lot less of it around.  The Nilson Report estimates that cash payments will be 24 percent less by 2018, and that card payments will rise over 50 percent. If you own a business and are not set up to accept credit cards yet, it is time to get started.  

Collecting and processing payments is a basic yet essential function of any business.  Payments are the center of business growth and development, and it is essential for business owners to understand the options available to them.

Merchant services is a broad term that refers to the various payment processing options. While most people associate merchant accounts with credit card processing, the term encompasses other payment options as well.

We talked about the availability of a QuickBooks integration with Fidelity’s payment processing.  Here is a bit more about how a QuickBooks plugin can benefit your business, specifically in terms of lower rates, customization options, and convenience.

Every business plans to make 2017 their most successful yet, and there are simple yet effective ways to do just that by reducing overhead costs and increasing overall efficiency.

Here are 11 actionable items that you can implement to make your 2017 goals a reality: