Payments Giant NCR to Integrate Bitcoin into Small Business Service
Global payments conglomerate NCR has announced that one of its merchant point-of-sale (POS) systems will soon offer bitcoin support. The integration of bitcoin into the NCR Silver POS is expected to happen sometime before the end of this year. The system will also support mobile bitcoin wallet payments and will be a free service attached to its POS platform. NCR is one of the world's largest payments companies. Founded in 1884 as a cash register maker, NCR offers a number of hardware and software solutions and reported more than $6bn in revenue in 2013. In recent years, NCR has moved to....
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This is the first part of a multi-part series that will explain how to integrate Bitcoin as a payment method using your existing small business accounting software package.Why would you need to do this? In short, because accounting principles generally accepted in the United States and state and federal regulatory authorities require reporting in US Dollars. This procedure will allow you to properly account for the full extent of your Bitcoin sales and integrate those sales into your business records as if they had originally been made in your home currency. Since the vast majority of....
In order for Bitcoin to be accepted in any business regardless of the size, managers will need to research whether or not it would be a profitable venture. For small businesses, the risk of trying something new is relatively small. Small businesses can test a new product or service to evaluate the demand with little to no cost and the potential to increase business revenue and profits. For a larger business, trying out new products or services in a test market is more expensive due to increased costs and difficulty in logistics. When a large business with multiple locations wants to try....
Operating a small business with Bitcoin just got a bit easier. Online billing service Hiveagehas announced its integration with Bitcoin wallet and exchange Coinbase, allowing its 45,000-plus small business and freelance clients around the world to invoice and accept payments in bitcoin. "Bitcoin is quickly becoming a useful way of transferring value, and it's been highly demanded over the past few months by our users," says Hiveage founder and CEO, Lankitha Wimalarathna. The company started receiving requests to add bitcoin support in June 2014, citing high transaction fees charged by....
Accounting software developer Intuit has announced that it is testing a bitcoin payments service aimed at small businesses. The company describes QuickBooks Bitcoin Payments as a service that enables small businesses to take bitcoin payments without having to bother with bitcoin wallets or even deal with bitcoin at all. The service is being developed by Intuit Labs, the experimental branch of Intuit Inc. It is a familiar concept, already used by existing payments service providers such as Coinbase, BitPay and Mollie, designed to ease the on-ramp to acceptance of the digital currency.....
Visa has announced new details about a forthcoming business-to-business payments service developed in partnership with blockchain startup Chain. Dubbed Visa B2B Connect, the near real-time settlement platform is aimed at providing a more secure, transparent mechanism for businesses making payments via Visa’s netowrk. That the two firms would co-develop a platform for payments is perhaps unsurprising, given their existing relationship and the fact that Visa was took part in Chain’s $30m funding round, announced last September. The credit card giant has made other blockchain tests related to....