Join UMS Banking!

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Join UMS Banking on April 29th in Griffith Park!

Bike, Run or Walk for SAFE (Streets Are Safe For Everyone)

This non-profit event benefits everyone. SAFE’s mission is to improve the quality of life for pedestrians, bicyclists and drivers alike by reducing traffic fatalities to Zero! This issue is approached holistically through direct education, broad awareness campaigns, community outreach partnerships and legislation.

Have fun and be part of the solution! Sign up at www.finishtheride.org/ftr-griffith-park

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Mobile phone wallets – Tap and GO!

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The evolution of payment processing is a 100 year old story, starting with banks printing their own cash notes, backed by gold and silver, to the introduction of paper checks. Then plastic cards began replacing checks at the point of purchase. It wasn’t long until magnetic stripes on the cards appeared, then mag stripe readers were made available at the point of purchase, then PIN driven debit transactions and swiped transactions with a little clip on card readers. Next came ...

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Applying computer technology to business

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“Technology integration.” This seems to be the line in the sand between generations nowadays. This is as impactful as the introduction of the electric light when the world had been lit by candle and lamp for thousands of years. Many of the rules one was taught growing up just do not apply anymore. And while this innovation predates almost all of us, the same thing is now happening to the application of computer technology to business.

You may still be using ...

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Are you stuck in the EMV slow lane?

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We would like to revisit, in this newsletter, the importance of the EMV liability shift. This is impacting every merchant. Those who have switched to EMV – the impact is for the better on the liability side. And, there is a processing speed upgrade which came out late 2017 and is now being made available through the processors – up to 90% faster processing times with this new technology update. THAT speeds up or eliminates lines. Click here to ...

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Business Analog vs. Ethernet

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For many years, phone companies have been touting faster processing speeds on Ethernet/internet connections. New buildings get connected as part of their business plans to a high speed internet provider. Businesses are often faced with the question of how long they can hold out until the new, faster technology becomes a requirement. Putting off an investment may seem like a saving… until the actual cost is added up.

This analog (traditional phone line connection) upgrading to Ethernet/Internet modems thing has been ...

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EMV – Did you know?

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  • In January 2018 Visa, MC, Discover and American Express have each come out with their own statements that retailers no longer are required to collect a customer signed draft at the point of sale as of April 2018.
  • EMV has provided the “digital signature”.You should still run your daily batch reports and where clients request a copy of the draft you can give it to them. But you do not have to get and store an “inked” signature from ...
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Use of social media in business development

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Are you using the “modern marketing tools” provided through social media?

Did you know UMS Banking has social media solutions to make this easier and boost your presence on the net?

Yes, it can be scary to be out on the net – open to criticism – and we are not all internet saavy. However, if your only promotion is in the Yellow Pages phone book, you may not be reaching prospective clients to the degree you need or want.

Social media is ...

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UMS Banking merchants rank among the highest for PCI compliance!

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Annually UMS comes in at over 95% compliance for PCI for all merchants in our portfolio. This means you understand the importance of staying updated and keeping your terminal or systems protected against hackers and fraudulent access attempts. WELL DONE!! And, you have just saved yourself a non-compliance fee of $50 per quarter. At UMS Banking, our interest lies in getting our merchants 100% compliant rather than contributing to a processor’s non-compliance fee income. That is a win-win!

If you are ...

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What is NEW in 2018 to bolster your business?

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At UMS Banking our entire business model and reason for being in business is to facilitate the movement of money. In other words, to help YOU, our client, become more successful through providing you the easiest, fastest and most efficient means of making sales and bringing income into your Bank account. We stay on top of compliance issues and work to keep your business compliant. But far more relevant are the ways we are constantly researching and adding new and ...

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