Articles

There are risks in reopening but, now is the best time to prepare your property. Namely, the current labor shortage in hospitality is not letting up and, unlike the positive increase in travel intent,

To start, the name of the game this season is quick turnaround times. Groups will want immediate answers on quotes, contracts, deposits and BEOs. All this is now expected to be done electronically, often without even a site visit (or at least a virtual one).

Budgets are tight heading into 2022 as many businesses still have to fully makeup from the dismal year that shall not be named. Compounding this for the hotel industry, the corporate and group segments have yet to properly return, although there are many strong indicators that it’s coming.

The first evolution was to shift from a signature to a chip-and-pin protocol, where the latter requires the cardholder to punch in a four-digit number (PIN) that only they know into the payment terminal.

When a cardholder initiates a chargeback dispute through their issuing bank or credit card processor, there are a series of steps that a business is required to take in order to state its case.

Andrew Carnegie, the Scottish immigrant turned steel tycoon of the American Gilded Age, still offers deep insights for how to run a business in the 21st century. Specifically for the current problem of chargeback disputes, it’s vital to revisit and dwell on his famous quote, “Watch the costs and the profits will take care of themselves.”

As a secure ecommerce platform for card-not-present guest transactions, the most palpable use case for TransForm is helping minimize chargeback losses, negative revenue,