Webinar focuses on how to increase revenue and profits with electronic payment technology
WASHINGTON, D.C. – Master Your Card (MYC), a community empowerment program sponsored by Mastercard®, and SCORE, the nation’s largest network of volunteer, expert business mentors, recently partnered to host a webinar on how small businesses can get the most from electronic payments. Payments expert Pat Moran hosted the webinar, which covered topics that range from choosing the right pricing model, to negotiating a favorable contract, to using back-end accounting capabilities.
“Today’s consumers increasingly prefer to pay with electronic payments, such as credit and debit cards, putting businesses that only accept cash and checks at a considerable disadvantage,” said Moran, managing director of BlackLine Advisory Group and member of the MYC Small Business Advisory Board. “Working together, MYC and SCORE offer small business owners valuable information and resources that can help them make the most of electronic payments, and help their businesses grow and thrive.”
This webinar is part of MYC’s and SCORE’s partnership to provide small business owners with information and education on topics related to accepting electronic payments. Other resources include information on EMV chip cards and the associated security benefits for both businesses and their customers.
“At SCORE, we are committed to helping small businesses get started and grow through education and mentoring,” said Ken Yancey, CEO of SCORE. “This new webinar, developed with MYC, provides important information on electronic payments that helps small businesses better compete in the marketplace and increase customer satisfaction.”
In the United States, there are 29.6 million small businesses, which account for 99.9 percent of all businesses, according to the U.S. Small Business Administration.
A study by The Perryman Group outlines the contributions that electronic payments make to the U.S. economy. Between 2004 and 2014, the increased use of electronic payments resulted in nearly $433 billion in gross domestic product and nearly 5.7 million permanent U.S. jobs.
View a recording of the webinar at https://www.score.org/event/increase-revenue-and-profits-electronic-payment-technology.
For more information about MYC, visit www.masteryourcardusa.org.
SCORE is the nation’s largest network of volunteer, expert business mentors, with approximately 10,000 volunteers in 300 chapters nationwide. Since its founding in 1964 as a resource partner of the U.S. Small Business Administration (SBA), SCORE has helped more than 10 million current and aspiring entrepreneurs through mentoring, workshops and educational services. In 2016 alone, SCORE helped to create 54,072 new businesses and add 78,691 new, non-owner jobs to the American economy.