Tag: business

What does a start-up need to know about payments and payment processing? Jerry McCarley, CTO, Markaaz explains

Selecting a suitable payment processor can be challenging for a start-up. However, it is one of the most essential steps to setting up a successful small business, whether you are taking online payments or using a point-of-sale system.  

Choosing the right vendor for payment processing is the key to a successful business. No small business owner wants the payment process to become challenging or too arduous for their clients resulting in abandoned carts and incomplete payments.  

We have all heard of the big payment processors, such as Stripe, PayPal, and First Data, but how do you choose the right one for your business? Let’s dive into what a payment processor is and what they do for your business. 

What is a payment processor? 

A payment processor is a technology that enables your small business to take payments safely and securely for goods and services for your small business. The types of payments these processors handle for your small business include debit cards, credit cards, and direct bank account payments. 

Your payment processing software is linked to your business bank account and can transfer

The partnership provides Markaaz Dashboard members access to Nav’s curated financing options based on their specific business qualifications

SALT LAKE CITY, Sept. 22, 2022 (GLOBE NEWSWIRE) – Nav Technologies, Inc. (“Nav”), the leading free financial health platform for small businesses, today announces a partnership with Markaaz, where small businesses come to verify and improve their essential business data. The partnership allows Markaaz members to see curated options from over 70 different lenders and 90 credit card issuers embedded in the Markaaz Dashboard. Markaaz members can now access customized financing options with just one click, simplifying the application process, slashing the time to onboarding, and reducing the likelihood of errors. 

Nav has helped over 1.6 million small businesses through the difficult lending landscape by providing an open platform to access capital based on real-time qualification data. Nav allows small businesses to see their eligibility before applying for financing, saving Markaaz members from painful rejection and wasted time—all from within the existing Markaaz Dashboard.  

“With today’s uncertain market conditions, small businesses face increased challenges of high inflation, increasing interest rates, and a growing competitive recruiting pool. This can strain many businesses’ understanding of where to go for the capital they need to

This achievement highlights Markaaz Inc.’s commitment to securing its customer’s information and to maintaining the best possible secure environment 

Austin, Texas – Friday, December 10, 2022: Markaaz Inc. has achieved SOC 2 Type II compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations, also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that Markaaz Inc. is committed to providing enterprise-level security for customers’ data secured in the Markaaz Inc. System. 

“We are proud to announce SOC 2 Type 2 compliance, evidencing Markaaz’s security culture, diligence, and practices. Our market has some of the most stringent security controls and regulations. The SOC 2 Type 2 compliance showcases a company-wide commitment to security practices in every aspect of our products, people, and data,” said Rustin Scott, VP of InfoSec and DevOps at Markaaz Inc. 

Markaaz Inc. enables small businesses to run their business efficiently and improve their financial health. On the Markaaz Dashboard, our small businesses can utilize their own business information to manage and grow their operations in one place using our chosen enterprise partners and integrations. Markaaz Inc. powers equitable and inclusive solutions for

Cybersecurity should be top of mind for small businesses. One well-engineered attack can ruin an entire small business, lock owners out of their income stream, and cause them to be fined by the FTC

A cyberattack comes with physical losses, fiscal losses, and the loss of customer and employee trust. With such high risks to their livelihoods, small business owners must take cybersecurity seriously, whether their company is a start-up or further along its growth journey.

Did you know that your small business could be fined for a cybersecurity violation? Did you know that you must have a reasonable cybersecurity posture and policies? Did you know that you must protect not only your customers but also your employees? Many small business owners do not.

“I have a lot of friends that have small businesses. None of them were concerned about cybersecurity, and none knew what to do about cybersecurity,” explains Rustin Scott, Director of Information Security and DevOps, Markaaz. “If you do not have proper cybersecurity protections for your business, employees, and customers, you could face a hefty bill if a cybersecurity breach happens. The FTC has full regulatory oversight permissions to fine any business that does not have

Your small business credit score determines whether or not you’ll be approved for new credit, your interest rate, and how much you’ll pay to borrow money.

Banks, lenders, and other financial institutions use your small business credit score to determine if you’re a risk or a safe bet when extending credit. 

Your small business will most likely require financing at some point. Whether it’s getting a loan from the bank, applying for an invoice financing program through vendors like Amazon, or partnering with another company to expand your reach. Any time you borrow money as a business owner, the lender will check your credit score. So the better your score, the easier it will be for you to get financing for your small business. 

Why do businesses need a credit score? 

A business credit score is essential for several reasons. It can help you get a business loan, a line of credit, or other financings. It can also help you get better terms on loans and lines of credit. Also, a good business score may help you get a lower interest rate on a loan or line of credit. 

Benefits of a strong business credit score 

A good business credit