Operating just outside of Chicago, Retriever Merchant Solutions specializes in connecting companies in diverse industries to tailored payment processing equipment, and software. Retriever Merchant Solutions is an authorized retailer of the point-of-sale system ShopKeep, which integrates employee time sheets, sales transactions, and inventory management.
Digitized payment processing systems can also be used as an accurate and real-time way to track inventory. Inputting all vendor information into a point-of-sale system centralizes all of the information needed to identify supplies and where to purchase them. This same technology can also help determine peak sales periods for specific items. Tracking purchasing patterns can reduce the likelihood of ordering too much or too little inventory. For companies that sell time-sensitive items, such as food products with expiration dates, digitized inventory management protocols can ensure that older items are sold first. Most inventory management software also produces reports that can be used for forecasting, marketing, and analyzing performance indicators.
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Payment processing solutions provider Retriever Merchant Solutions helps tens of thousands of businesses process transactions quickly and securely. Retriever Merchant Solutions (RMS) connects clients with NPC Secure, an internet-based application that safely processes and stores customer financial information. This technology is ideal for transactions such as recurring payments.
Recurring payment options have benefits for both businesses and customers. However, they must be implemented thoughtfully to avoid some of the associated pitfalls. For example, retailers that offer recurring payments can stabilize their revenue and attract long-term customers. These payment models are also easy to scale and provide companies with valuable information about their customers’ preferences and buying habits. On the other hand, recurring payment models must offer a clear and easy opt-out choice. If not, customers may feel cheated and may be hesitant to sign up for the product or service. Additionally, managing recurring payments can be complex and requires powerful processors and platforms. Please visit http://www.rmsnpc.com/ for more information. Retriever Merchant Solutions (RMS), led by Brian Kamstra, has leveraged in-depth industry knowledge to rise to the top of the payment processing systems industry. After more than 25 years in business, the Chicago-area firm provides merchant processing solutions and platforms to some 30,000 customers and continues to expand its presence internationally. Retriever Merchant Solutions’ leading partners include Worldpay, formerly called Vantiv.
Vantiv and Worldpay were two winning brands in the payment processing technology industry before their merger. In early 2018, Cincinnati, Ohio-based Vantiv, Inc., announced its acquisition of Worldpay Group, PLC. The company was then renamed Worldpay, Inc. In 2019, Worldpay was acquired by Fidelity National Information Services, Inc. The reported $35 billion purchase price for Worldpay represents the largest sale to date of an electronic payments entity and serves as a testament to the rapid growth and consolidation of the industry. The tens of billions of transactions processed annually through Worldpay in almost every country in the world play a major role in the sustainability of today’s globally integrated commerce systems. One recent estimate projected the volume of global electronic payments to reach an annual $3 trillion by the year 2023. Please visit http://www.rmsnpc.com/ for more information. |
AuthorRetriever Merchant Solutions - Options in Payment Processing Archives
October 2020
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