Check Out My New Credit Card Terminal !!!

We're used to things getting smaller, but usually the price doesn't follow. That is until you look at credit card processing...

I recently got the Square Card Reader over the weekend. Like all new technology, we have to take a grain of salt with it. This product though has blown away my expectations. Since spotting this a few months back, I was waiting to take the leap, and I'm glad I did!

Here's how it works....
Using your smartphone or tablet (Android / iOS), download the Square App and connect the FREE reader which they sent by mail. Plug the reader into the headphone jack, launch the app and you now have a credit card terminal! Punch in the amount to charge, swipe the card, hit the process transaction icon, done. You can even do manual card entry. You can even issue a refund right from your transaction history register on the device!

This is all great but how much does it cost? Simple: 2.75% per transaction (3.5% + 15cents for manual entry). Thats it. No minimums, no terminal fee or merchant fees, no tiered pricing, no guessing. I LOVE IT.

So what about the receipt and signature? No worries. The receipt gets emailed or text messaged to them on the spot! And the signature is entered right on the screen with their finger or a stylus.

Process the payment over 2G, 3G, 4G or WiFi, all the data is encrypted. They adhere to the highest industry standards (PCI Level 1).

The money is transferred within 1 business day via ACH, unlike PayPal which holds it in their account until you  initiate the transfer.

So what are you waiting for? Ditch the terminals from 1990 and get Square today! Available at Radioshack and Online at https://squareup.com/

You will need the following:

1. A Smartphone or Tablet
• Apple device running iOS 4.1 or higher (iPad iOS 5.0+ for register version)
• Android running 2.1 or higher 
2. A 3.5mm headset jack with microphone (audio jack adaptors are not supported)
3. A screen size specified as Normal or Large (Small screen sizes are not supported)
4. GPS enabled
5.  A data connection

This is a solid solution for anyone on the Go or even at a fixed location. They will provide you with multiple readers if you have several devices to swipe from, for free.

Are you an E-Hoarder??

We've all seen the episodes on TV where out in the middle of nowhere this house is packed with garbage as far as the eye can see. We just can't believe it! Many of us swear that we will never get that way, but the truth is, you probably already are a hoarder.... an E-Hoarder that is. Don't be scared though, depending on what industry you work in, it may be a requirement, like finance and legal for example.
The most common thing for people to retain massive histories of is e-mail. The typical worker gets about 105 emails per day. That's over 25,000 emails per year!! While for some this doesn't sound like much, keep in mind that when you send a message, it saves a copy in your sent items too. So for those of us with busy mailboxes, its no surprise to become overwhelmed with thousands of emails when the year ends. The root cause of our affliction has been due to progress in technology! But isn't technology supposed to help? Well it is, but the problem is that storing information has become cheaper to do! Back in 2000, 1 Gigabyte cost about $9, today that same Gigabyte costs closer to $.08! 1GB costs less than 1% vs. back in 2000, which enables the mentality, "Theres plenty of space on my server, so why bother deleting?". There in lies the problem....

We've subjected ourselves to information overload and bloated storage costs. It isn't storing all those emails that's the issue, there's no way to find what you're looking for unless its been promptly sorted! So now we require a search engine for our mailboxes. With search engines like Google and Bing, we're accustomed to instant and accurate search results, but on desktops and servers however, its a whole different ball game. Comparatively, searching our own data is similar to using a stone and chisel to take notes, its just not up to snuff. The inability to find the information we need can leave us in a heap of other troubles, particularly when it comes to litigation.

When you are being sued or vice versa, having your data properly classified is essential. E-discovery is the stage of the legal research process whereby legal teams are sifting through mountains of data to find information that is relevant to the case. The faster they can find relevant information, the lower your legal costs can be. The efficiency of your organization to purge data is also a key function as well. Knowing when you can wipe data from the systems is extremely important as it keeps your data set manageable.

So in short, do some house cleaning and consider upgrading your document management system as this would be a good time to do it.

-Will Kutzler
F1 Networx Inc.