New Year? New Goals? New Capital?

December 12, 2017

What’s in store for your business in 2018? Expansion plans? Smooth out cash flow? Take the pain out of that tax payment? OMEGA Processing’s short-term capital funding program can help.

With our funding program, you essentially enter into a purchase agreement with OMEGA Processing Solutions. In exchange for a designated amount of funding, you contract to sell a set amount of future credit card receipts back to OMEGA Processing every month. The specified percentage of the receipts and the term of the payback agreement are agreed upon when signing the agreement.

Advantages to you?

  • No collateral, hidden fees or closing costs
  • No hassle — we deduct the payment automatically from your credit card receipts
  • No need to worry about making a set monthly payment amount during down times because the payment percentage is tied to your credit card sales.

For more information about Business Funding Solutions from OMEGA Processing, visit our website or call 866.888.9724 Ext. 7.

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No Need to Sign on the Dotted Line?

December 12, 2017

American Express, Discover and MasterCard, have all recently announced that they will no longer require signatures for in-store purchases beginning in April 2018.  Discover will remove the  signature requirement for in-person transactions in the United States, Canada and Mexico, while MasterCard will no longer require signatures on U.S. and Canadian card-present transactions. American Express’s move affects in-person transactions worldwide.

All three card brands cite consumers’ desire for a more consistent and speedier in-store checkout experience among their reasons for making this move. In their press release MasterCard stated, “Our consumer research found that a majority of people believe it would be easier to pay, and that checkout lines would move faster, if they didn’t need to sign when making a purchase.”

According to the card brands, the need for signatures has been declining thanks to payments advancements such as contactless offerings, the global adoption of EMV chip card technology and the continued expansion of e-Commerce.

AmEx Executive Vice President of Global Network Business, Jaromir Divilek, stated “Our fraud capabilities have advanced so that signatures are no longer necessary to fight fraud.”

Additionally, Discover has commented that by embracing several other digital authentication technologies, such as tokenization, multi-factor authentication and biometrics, they are able to provide a more secure and seamless payment transaction without requiring a signature.

With these recent announcements, Visa remains the only major card-brand that has not revealed plans to remove the signature requirement on U.S.-based, in-person transactions.

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Process with the Best

December 6, 2017

As a business owner, you probably get inundated with cold calls, emails and drop-in visits about credit card processing. Everybody promises the lowest rates.

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At OMEGA Processing Solutions, we want to provide you with the very best value possible but encourage you to look at the entire picture. Here are some pretty compelling reasons as to why OMEGA is a cut above the rest.

Pricing Model

OMEGA’s “interchange-plus” or “pass-through” pricing model is generally noted as the most transparent and fair pricing method within the industry. In this method, the charges going to the issuing bank and credit card associations are broken out on the statement.

Traditional “tiered” pricing hides the interchange costs and allows processing companies to charge more of a mark-up. Flat-rate pricing models don’t allow merchants to benefit from the lower interchange fees on debit cards.

NO Contract, Early Termination Fees or Equipment Leases

We want to earn your business at OMEGA. That’s why there’s never a lengthy contract term or early termination fee for our merchants. Also, there are no expensive equipment leases that tie you into a processor for three – four years.

Customer Service

When there’s an issue with your credit card processing, it’s essential to have help readily available. OMEGA’s U.S.-based 24/7 customer service team is always just a toll-free call away. In addition to transaction and terminal issues, our team of knowledgeable professionals are available to assist with PCI compliance, equipment installation and any other needs that arise.

Fund Holding and Risk Policies

Many companies receive complaints about their unclear transaction limits and fund-holding policies.  At OMEGA, our service associates proactively reach out to merchants when there’s a potential issue and work with each account on an individual basis to help ensure a positive outcome.

Don’t Just Take Our Word For It

OMEGA has an A+ rating from the Better Business Bureau and has been BBB accredited since 2005. In addition, we have an “A” grade from cardpaymentoptions.com, an independent organization dedicated to ethics in the credit card processing industry.

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Not all credit card processing companies are alike. Give us the opportunity to show you the “Unsurpassed Value and Unmatched Support” of OMEGA Processing Solutions. Contact us at www.omegap.com to learn about our products and services and even request a price quote.


What’s New With OptBlue?

November 20, 2017

OptBlue, the small business card acceptance solution from American Express, has undergone some recent enhancements. Here’s a look at why there’s never been a better time for your business to accept American Express.

  • New pricing and policy changes have been made to Government, Education and Hospital industries so it’s easier to enable more merchants on OptBlue.
  • Disputes policies were updated to maintain fairness and transparency. In the first three months the new policies were in effect, disputes were down 11%, and merchants saved over $5MM in chargebacks.
  • OptBlue wholesale fees for small restaurants transactions were reduced

Want to know more about OptBlue and its rates and fees? This short video provides an excellent overview.

 


70 Years of Scandinavian Heritage

November 15, 2017

The Gift Box Celebrates an Anniversary–We Celebrate it as Our OMEGA MVP

Gift Box Glögg

Where did I come from? What were my ancestors like? How can I connect with my genealogical roots?

America is a melting pot. In a time where just about everything is produced to the masses, finding unique, authentic items can seem like no easy task. For one shop in Geneva, Illinois, they’ve spent the past 70 years providing a wide range of Scandinavian giftware both locally, and across the States.

The daughter of Swedish immigrants, Edythe Anderson had a dream to open a store that would sell all the Scandinavian items she had loved so much. After years of saving and the end of WWII, Edythe was able to open her store. The Gift Box was established in 1947.

“The Chicagoland area attracted a very large population of Scandinavian immigrants beginning in the 1800’s,” Hans Jönsson, co-owner of The Gift Box said. “A large amount of them settled in the suburbs, particularly in the Fox River Valley.” And that’s just where Gift Box Lennarthis father ended up after emigrating from southern Sweden.

Lennart Jönsson began working at The Gift Box in 1954 and he was immediately an asset. His passion and expertise of Scandinavia and giftware mixed with his ability to connect with anyone he met made Lennart not only beloved, but the obvious choice when it came to time for Edythe to retire. Lennart took control of The Gift Box in 1984 where he continued to help the business grow and thrive.

To the people in Geneva, Lennart was known as the “Swedish Ambassador” of culture and tradition. To his children, Hans and Maria Jönsson, he was simply known as dad. “Dad had so many great stories about his life in Sweden,” Hans said. “We traveled back home dozens of times together, and he has definitely passed his passion on to us.” When Lennart passed away in 2013, Hans and Maria had two options. Hang an ‘out of business’ sign, or keep the legacy alive. Of course the decision was simple.

“When The Gift Box opened in 1947, there were many Swedish owned businesses in Geneva. Ours is the last one that remains.”

Now a ‘jewel’ in Geneva, The Gift Box has become the Fox Valley’s headquarters for authentic Scandinavian gifts and food. They’ve even outlasted dozens of Swedish owned businesses that were once spread throughout Chicago.

It doesn’t matter what you’re looking for because The Gift Box just about has it all. Items are imported from Sweden, Norway, Denmark, Finland and Iceland. Swedish Gift Box Me2handcrafts, wood carvings, ornaments, and candleholders are just among the few fan favorites. Hans still spends much of his time traveling in Sweden looking for antiques and new products to bring back, just as he did with his father.

Another customer favorite is the food. “As all of the Swedish Delicatessens in Chicago have now closed, many people know they can get everything they need for their Swedish Smorgasbord at our store,” Hans said. They have everything from Swedish ham, lutefisk, herring, lingonberries and more!

This week, The Gift Box is celebrating 70 years in business with their 70th Anniversary Sale! The celebration sale began  last Saturday, November 11 and runs through Wednesday, November 22. While you cannot buy directly through their website just yet (upcoming plans for 2018!), you can phone in your orders directly for purchase.


The Gift Box is open 10:00 a.m. – 5:00 p.m., Monday through Saturday and 11:00 a.m. – 4:00 p.m. on Sundays. They are located at 310 West State Street, Geneva, Illinois 60134. Check out some samples of what they sell at their website, keep updated with items and events through their Facebook Page, or stop on by for a total “in store experience” and to get back to your Scandinavian roots!

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The OMEGA MVP program was organized to help recognize, celebrate and promote the merchants, vendors and partners of OMEGA Processing Solutions. The Gift Box has been an OMEGA merchant since September 2015.

 


MERCHANT FRAUD ALERT

November 15, 2017

OMEGA Processing Solutions merchants have reported receiving a “TERMINAL UPGRADE REQUEST FORM” in the mail. While this might appear to be a valid equipment upgrade offer, it is NOT.

In very small print at the bottom of the form is the following language:

“Northern Payment Systems, Inc. does not represent your current provider and is not part of or affiliated with any government program. This is a solution to become your third party merchant service provider and to process all your electronic payments in one device.”

This is an attempt from an unscrupulous competitor to trick you into switching your merchant services provider. In this case, the mailer came from “Northern Payment Systems, Inc.,” but there might be other outfits attempting the same scam.

If you receive any notice of this sort, please contact OMEGA Processing’s customer service department at 866.888.9724 Ext. 7. Thank you for helping us to stop his sort of merchant fraud attempt.

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OMEGAlife Online Proposal and Application Solution Released

November 14, 2017

‘Game changing’ app to establish  OMEGA as the company others strive to become

[FORT THOMAS, Kentucky – November 14, 2017] To say that a significant milestone was reached this month at OMEGA Processing Solutions would be an understatement.

“It is with a great deal of pride, humility and thankfulness to all involved that I announce that the first-ever merchant application using the OMEGAlife online, electronic signature application was submitted,” announced OMEGA President, Todd McHugh.

In development for just five short months, OMEGAlife is a URL-based, tablet-enabled solution for OMEGA Account Executives to create real-time pricing proposals and deliver electronically signed merchant applications without paper, faxing, scanning or email. OMEGA partnered with Gaslight, a Cincinnati-based, experienced and agile software development firm, in the development and production of the application.

In addition to reducing errors and approval time, the OMEGAlife app also provides enhanced security features. Merchant application information is entered into the tablet device, encrypted and securely transmitted to servers protected by the industry’s most current data encryption software. The Payment Card Industry Data Security Standard (PCI/DSS), which governs the handling of data by all entities within the payment processing industry, is followed throughout the entire process. The result is a faster, more accurate and more secure merchant application process.

“Over the coming weeks and months, we will continue to refine and enhance this ‘game- changing’ application in order to cement OMEGA’s status at the forefront of the payments industry and as a company that others strive to become,” continued Mr. McHugh.

For more information and a demonstration of the OMEGAlife application, please contact OMEGA Processing Solutions.

About OMEGA Processing Solutions

Founded in 2003, OMEGA Processing Solutions is a premium provider of electronic transaction processing and data delivery. The company offers electronic payments processing, B2B and e-commerce solutions, mobile payments, point-of-sale system integration, short-term capital funding and gift card programs to thousands of businesses across the United States. OMEGA has an A+ rating from the Better Business Bureau and is a member of the BBB Center for Marketplace Ethics. Based in Greater Cincinnati, OMEGA also has regional offices in the Cedar Rapids, Iowa, Columbus, Ohio, and Louisville, Kentucky, markets. For more information, please visit www.omegap.com or call 866.888.9724.