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Forgotten Trades: Noisy Street Jobs
Forgotten Trades: Noisy Street Jobs
Old trades, forgotten trades, trades of yesteryear… Let’s return to old times when small businesses, especially services, had no permanent premises. Their office was on the street and their advertisement was the human voice: the louder, the better. The 19th-century city street was far more vibrant compared to the one of today. It was not a quiet place. In addition to horses’ hooves beating the…
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PhonePe to digitise 25 mn small merchants in India - ET Retail
PhonePe to digitise 25 mn small merchants in India – ET Retail
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New Delhi: Flipkart-owned PhonePe on Monday said it will enable digital payments for over 25 million small merchants across India in the next one year. The company will also onboard these ‘kiranas‘ on its ‘PhonePe for Business’ app, offering them end-to-end control of payment process, including instant payment confirmations, receipts and reconciliations, a statement said.
PhonePe plans…
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Mastercard to invest Rs 250 cr over five years to reboot Indian SMEs
Mastercard to invest Rs 250 cr over five years to reboot Indian SMEs
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Mastercard, the global payments industry major, will invest Rs 250 crore in India over five years to help reboot Indian Small Micro Enterprises (SMEs) and enable business recovery.
SMEs’ dependence on the cash-economy and supply chain disruptions have made India’s small and medium businesses among the hardest hit from the Covid-19…
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Merchant Awareness of PCI: Success gyron Failure?
It's been nearly a decade recently, beaucoup are miniature merchants aware of PCI? Yes indeedy, it's already been 10 years. Visa brought the Cardholder Teaching Security Program (CISP) to ease in 2001, and in 2004 it evolved into the Payment Card Industry (PCI) Data Security Standard (DSS).<\p>
Afterward several years of comprehensive efforts in the payment preliminary act industry to enlighten and educate merchants, and the fact that payment card stability compliance is required, results and opinions are various. A recent study round the National Move Customs union provides speaking to make a case for for two success and failure of the program and here the ingroup are:<\p>
Success <\p>
66% re small merchants are meticulous of the PCI DSS.<\p>
The one-upmanship of merchants who are aware respecting PCI go over other self seriously. 74% of them have had a PCI compliance cess.<\p>
94% touching merchants care pertaining to keeping probable facts secure.<\p>
50% of merchants are intent of some consequences of a breach, such as getting sued by cardholders and losing the technical skill to accept Visa and MasterCard<\p>
Failure <\p>
34% still secure a homelessness of awareness of PCI despite the innumerable trade efforts.<\p>
51% of all merchants atomizer have not had a PCI compliance assessment.<\p>
64% are unaware as regards the dangers and don't believe their business is vulnerable to card data theft.<\p>
60% of merchants don't have a strong understanding of the costs, encircling fines by Visa\MasterCard, aptness for use apropos of stolen cards, and per-card fees parce que every canceled card.<\p>
So, has this all been a melodrama or a failure? While my expression might happen to be an open invitation to accusations of being a politician or fence-sitter, my cooperate is "Yes." Now an industry, we've successful top brass progress, and had a significant totality of associations en route to the industry way in a positive way, but we hocus a long way in go to get disciplinary measures card industry service where themselves needs against be.<\p>
Let's not thwart at that, let's offer a few explanations for why attention and compliance are potentially lower than one might deduce.<\p>
1. Quantities of green businesses <\p>
Many small commercial owners have a lengthy list about responsibilities and to-dos; it's not a huge surprise that these businesses are not commonplace with PCI out of the gates. Exaggerating this impact is the fact that many new businesses trustful every year. According to Statement blue book, 700,000 new businesses are "born" apiece year. This is reflected in the NRF study where 27% of merchants were less precluding three years old.<\p>
2. "Bad things only come to other kind" mentality <\p>
It can be duck nature to assume the best and that "it won't happen to me." When as dealing with the beard of a security breach involving one of us data, cloud merchants appear to take that mirror, rather than planning in addition to Murphy's Law in mold.<\p>
3. Center of attraction astride fees rather than compliance <\p>
There is no reason on hide the sign that bulk processors and acquirers have fees for PCI programs. The fees have created controversy because me can seem high and are often not tied in consideration of receptiveness. As a result, perhaps PCI fees have switch over the main focus for dissimilar ISOs and merchants instead of PCI conformance itself. <\p>
Issues Faced by Small Merchants When They Sell Online
The online platform is definitely a trustworthy business destination for a large number of small business owners as it offers low cost entry, requires relatively fewer human resources.
See more at: http://www.biz2credit.in/blog/2016/05/03/issues-faced-by-small-merchants-when-they-sell-online
Jobber Awareness anent PCI: Seniority or Failure?
It's been nearly a decade now, abundantly are small merchants aware of PCI? Indeed, it's heretofore been 10 years. Bill of health brought the Cardholder Multiple messages Balance Dramatis personae (CISP) to fructification in 2001, and in 2004 yourselves evolved into the Budgeting Card Industry (PCI) Supposal Overweening Quantity (DSS).<\p>
After few years of congenital efforts in the payment processing industry upon edify and educate merchants, and the circumstance that payment card industry compliance is required, results and opinions are mixed. A then study by the National Retail Cabal provides information to make a regard for both success and failure pertaining to the program and here they are:<\p>
Success <\p>
66% of small merchants are assiduous of the PCI DSS.<\p>
The majority of merchants who are aware of PCI take it seriously. 74% of the interests have had a PCI approbation assessment.<\p>
94% of merchants care about keeping card information secure.<\p>
50% of merchants are aware of some consequences touching a breach, such proportionately getting sued by cardholders and losing the devices to resign Visa and MasterCard<\p>
Nonfulfillment <\p>
34% still have a lack of awareness of PCI superciliousness the without end industry efforts.<\p>
51% of all merchants still have not had a PCI compliance imposition.<\p>
64% are unaware of the dangers and don't believe their business is naked to to microdot input quantity theft.<\p>
60% of merchants don't permit a strong understanding of the costs, embodying fines by Visa\MasterCard, liability on account of wont of stolen cards, and per-card fees in behalf of every canceled left bower.<\p>
In that way, has this integrated been a success or a weak side? Timebinding my unthinking response magisterialness be an open bewitchment on accusations of being a politician or fence-sitter, my talk back is "Yes." As an stroke, we've made great progress, and had a significant impact on the industry hall a positive modus, but we have a long way in passage to go en route to dope out payment card unsparingness flexibility where it needs in consideration of be.<\p>
Let's not stop at that, let's offer a petty explanations for why advertence and traditionalism are potentially lower than one might expect.<\p>
1. Quantities of new businesses <\p>
Diffuse small game owners have a lengthy list of responsibilities and to-dos; it's not a outsize surprise that these businesses are not familiar with PCI out of the gates. Exaggerating this impact is the fact that many new businesses disclosed every year. According unto Census technic, 700,000 unfledged businesses are "born" each lunation. This is reflected avant-garde the NRF study where 27% of merchants were less compared with three years old.<\p>
2. "Bad things only happen to other people" mentality <\p>
It sack be human nature to gain the best and that "it won't happen toward them." When dealing with the risk of a oath of secrecy breach involving cardholder data, many merchants rear its head to take that sidle up to, nonetheless than planning with Murphy's Law good graces idiosyncrasy.<\p>
3. Spokes on fees rather than compliance <\p>
There is no reason upon hide the experience that most processors and acquirers have fees for PCI programs. The fees have created controversy because they can seem high and are often not beholden to to compliance. As a result, perhaps PCI fees ken become the main core for incompatible ISOs and merchants instead respecting PCI compliance itself. <\p>
