The Cost of Fraud

Greg Blackman / The Cost of Fraud

Fraud in the form of cyber crime, security breaches, identity theft and others is more dangerous to your organization than you think, and treating it simply as a cost of doing business may be emboldening criminals and losing you customers. A recent study revealed that more than 30 percent of people affected by a data breach will terminate their relationship with the company that lost their information.
The study also showed that consumers equally blame both their financial institution and the retailer that experienced the breach. In the consumers’ minds, responsibility is assigned at both ends of the transaction an important part of the cost calculation that is often ignored by businesses.

The ubiquity of electronic payment transactions and the emergence of a global e-commerce economy offer criminals lots of opportunity to perpetrate fraud. Many criminals are emboldened by the anonymity of their actions, by businesses’ failure to recognize the many potential avenues for fraud, and by the widespread acceptance of fraud as just another business expense.

Dynamic Currency Conversion

In a difficult economic environment, it is even more challenging than usual to find ways to increase revenue and simultaneously improve customer satisfaction. By offering dynamic currency conversion (DCC) services to customers paying with a foreign-issued credit card, merchants can earn extra income as well as provide a service that consumers value.
DCC makes the customer experience more enjoyable and less intimidating for foreign cardholders by giving them the option of paying for purchases in their native currencies. Instead of waiting to discover the exchange rate and actual transaction amount when they receive their credit card statements, customers who opt-in to DCC at the point of sale (or online) find out the true purchase cost in their own currency immediately. And each time a transaction is processed with DCC, the merchant receives additional income.

Security First Merchant Services is a business-focused payment solutions company that strives to provide payment processing, small business loans, and credit repair services with a high level of detail and flexibility.

Looking for Merchant Services Sales Professionals

Greg Blackman/ Looking for Merchant Services Sales Professionals

Security First Merchant Services, LLC is looking for experienced sales professionals to join our team who will develop new merchant processing relationships with small to medium size businesses.

This role will acquire new merchant services relationships through prospecting external sources such as association relationships, centers of influence and vendor relationships among others. This position will be responsible for developing a strong pipeline for new revenue growth as well as developing and maintaining relationships with existing accounts and strategic accounts to identify/solicit new revenue growth opportunities that support mutual Small Business goals. This position provides an aggressive compensation plan [Bonuses Paid Weekly, Monthly in addition to Residuals] – top performers can earn total compensation in the six figures within the first year.

Minimum Qualifications
High School Diploma (Associate’s Degree or Bachelor’s Degree preferred)
1-2 years of sales experience (preferably in Merchant, Bankcard or Financial Services)
Previous client base in similar field or face to face outside sales environment
Ability to develop new business through prospecting
Highly motivated to succeed in a performance driven environment
Ability to self-source outside of referrals
Ability to travel locally

Preferred Skills
Knowledge of merchant products/services and/or payment sales experience
Outstanding sales, business development and negotiating skills
Strong hunter in customer-centered sales with a desire to exceed expectations and quotas
Ability to multitask and change direction in ever changing payment processing environment
Strong communication including oral and presentation skills
Effective planning and organizational skills
Proficient in Excel, Word, PowerPoint, and Outlook.
Bilingual abilities a plus.

To apply
You may surf to: Security First Merchant Services, LLC
Select the Hiring tab and complete your contact information
attach your resume

Security First Merchant Services is a business-focused payment solutions company that strives to provide payment processing, small business loans, and credit repair services with a high level of detail and flexibility.