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Failed POS Transactions: How to Avoid Losing Your Hard Earned Money to Banks(Merchant’s Perspectives)

Is Your Bank Stealing Your Money?

Merchants (sellers, service providers, mall owners or retail traders etc) lose lots of money when using POS devices/systems to take payments for goods sold or services rendered. Some reasons why such losses occur include genuine, but time-bad and false chargeback claims, ineffective processes in controlling,reconciling and review of POS transactions on a daily basis and,  manual processing interventions (from…

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Are POS Transactions the Greatest Threat to Finances of Retail Businesses?


The quick answer to this question is a resounding Yes and No! Yes, if you belong to the retail business sector that grapple daily, with the nightmares of transaction failures and unending chargebacks by banks; and No, if you belong to the banking sector or other E-payment organizations involved in the POS management chain. However, our research and experience…

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Why Do Retail Businesses Fail So Fast?

Critical Reasons Why Retail Businesses Fail

If you want your business to succeed, you’ve got to be deliberate about your strategy. You must know  that businesses do not just succeed, that they are made to succeed! You must know that though money is important towards the success of a business, it is not the main or the only reason why businesses succeed or fail; many…

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