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Reconciliation is the process of matching financial records to ensure they align correctly. Credit card statements, with their detailed transaction records, simplify the reconciliation process. Businesses can easily cross-reference credit card statements with internal accounting records, such as receipts and invoices, to ensure accuracy. This helps identify any discrepancies or
While payment processors have been a fixture for decades, the last decade, in particular, has witnessed a significant surge in the number of payment service
Software and hardware tech is growing and so are consumer habits and preferences. The way we handle financial transactions and overall fintech has undergone a
TRC-Parus feels that corporate values play a vital role in shaping our company culture and defining our brand. One of the corporate values of
Merchant accounts offer businesses a range of advantages. They enable businesses to accept credit and debit card payments, accommodating customers who prefer cashless transactions. This
It can be easy to become focused on your own success and accomplishments in business. However, there is value in being humble – in other
Businesses are always seeking ways to increase their revenue streams and remain competitive. One avenue for achieving this is by accepting credit card payments. The
Digital wallets have become increasingly popular as a way to store and use money. Digital wallets, also known as e-wallets, allow users to make payments,
In an era dominated by technological advancements and online transactions, credit card fraud has emerged as a significant threat to individuals and businesses alike. As
There is often a lot of pressure to be diplomatic and tactful, to carefully navigate delicate situations, and to avoid saying or doing anything that
MOTO payments refer to credit card transactions where customers provide their payment details via mail, telephone, or other non-face-to-face methods to complete a purchase. Credit
When traveling abroad, using credit has become a convenient and widely accepted method of payment for travelers. With the increasing global connectivity, merchants and payment
Credit cards are one of the most popular and convenient forms of payment worldwide. Over the past few decades, we have witnessed a remarkable surge
Businesses that accept credit cards are continuously seeking ways to streamline their operations and maximize efficiency. That’s what you do to build a company. One
In today’s digital age, electronic payment methods have become increasingly prevalent in our daily lives. Whether it’s swiping a credit card, making an online purchase,
Digital payments and credit card use is growing. This means more merchant accounts are being opened. A merchant account is a type of bank account
Chargebacks can pose significant challenges for merchants, impacting their revenue, reputation, and overall business operations. However, merchants have the opportunity to dispute chargebacks and present
Chargebacks are an integral part of the payment processing industry, representing a mechanism for customers to dispute transactions and seek refunds. For merchants and payment
Future delivery allows customers to purchase goods or services that will be delivered at a later date. This approach offers convenience and flexibility to both
The concept of cash is undergoing a significant transformation. With the rise of mobile payments, online banking, credit card use, cryptocurrency, and contactless transactions, the
Credit card processing companies have developed various pricing models for processing credit card transactions. A key cost in credit card processing are interchange fees, which
The concept of chargebacks has become increasingly important for businesses across various industries. A chargeback occurs when a customer disputes a credit card transaction and
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TRC-Parus is a payment processor in Canada. The TRC-Parus name and logo are trademarks of TRC-Parus Inc payment processing in Vancouver, Canada. The Interac name and logo are trademarks of Interac Inc Canada. The Visa, MasterCard, and AMEX logos are trademarks of Visa International, MasterCard International Incorporated, and American Express Company. TRC-Parus is a Registered Partner/ISO of the Canadian Branch of U.S. Bank National Association.