Jake actively manages the small business lending portfolio but notices a common trend: For many of the small businesses he works with, many are looking for affordable merchant payment solutions.
Looking through several of FIS’ options, Jake enrolls in the Merchant Referral Program, allowing him to recommend industry-leading payment processing solutions and services to valued merchant customers. With this program, there is no expense, and a great way to generate risk-free income while removing fraud liability and regulatory and compliance obligations.
Jake is working with Marty, small auto body shop owner. Marty is just about to close on his small business loan with Journey Credit Union and is looking into several different options for a payment processor.
Next, Marty asks Jake's advice on how to get set up with point-of-sale equipment for the auto body shop. Jake's got the perfect tools in mind...
The same day, a current client walks in. It’s Julie! Julie is running a pretty profitable health and wellness store here in Denver. As a high-volume business, she would love to expand this business to the wider market and begin offering her famous artisan soaps online. Jake suggests ClearCommerce as the right e-commerce gateway to fit Julie's needs.
Julie presses Jake further. “Are you sure this is the right product for me? I can’t afford a breach. Can you tell me more about how ClearCommerce protects me from fraudulent charges?”
Next, walks in Chad, owner of PowerPlus Gym. Chad has been having trouble making his loan payments on time. He has been losing out on income due to customers’ missed payments. Since most memberships are paid through recurring payments, he has been unable to collect their monthly membership fee when their cards expire.