From hotel groups to fast-casual dining, franchise businesses across numerous industries need payment acceptance solutions tailored to their specific needs. Franchise owners are pulled in many directions in daily operations – managing people, adapting to local demand, and optimizing the bottom-line – and need help from franchisor brands to find the right tools to streamline operations. Consider these four reasons to adopt integrated point-of-sale technology across your enterprise:
1. Simplify payments acceptance while increasing transaction visibility
Whether looking across the entire franchise brand, or supporting a franchisee with numerous locations, you need a simple way to accept payments that also allows you to dive into transaction data – gone are the days that you could afford to have fragmented systems across your footprint. A unified gateway approach provides a single integration to deliver payments securely from any franchisee location to your choice of banks, processors, and acquirers. Our processor-agnostic technology provides your franchisees with the freedom to partner with their selected provider while giving you visibility into every transaction from every provider. Powerful online reporting tools enable you to view details by location, by region, or even aggregated across your entire enterprise.
2. Increase revenue with tailored merchant services
Convincing franchisees to adopt new systems and processes can be difficult – as they juggle daily operations, hiring shortages, and supply chain disruptions – but certainly not impossible. You can make significant headway by including franchise owners in the decision-making process for new technology and clearly showing the benefits to their locations. For example, an integrated payments program offers volume-based pricing, negotiated rates, and competitive revenue sharing programs that provide extra boosts to the bottom-line while reducing acceptance costs at the same time.
3. Secure transaction data with industry-leading solutions
Businesses across all industries need to be vigilant about emerging fraud threats and make every effort to protect customer data. We recommend a layered approach to security to mitigate the risk of a data breach and the associated damage to your brand and reputation. By combining EMV, point-to-point encryption (P2PE) and tokenization, effectively you are able to authenticate payment cards and protect cardholder information while reducing PCI DSS compliance validation scope. We can help you standardize your payment experience across your locations with our certified EMV devices, simplifying the implementation process.
4. Offer additional support, beyond payments
Franchise business models show lots of promise and growth opportunities – especially in the fast-food industry. In order to harness these benefits and expand your business, your franchisees need resources and guidance to optimize their operations. Consider offering solutions like same-day funding, powered by the Real-Time Payments (RTP) network, to allow franchise owners to receive funds within hours of batch submission; this will expedite their cash flow, increase operational efficiency, and free up resources for continuous improvement efforts.
Franchisors and franchisees have much to keep track of in the rapidly evolving economic landscape – that’s why you need a dedicated payments partner to help you streamline payments, reduce costs, and grow your business.
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