Reside with Residuals

SAYING A PRAYER FOR ALL OF THOSE IN THE PATH OF HURRICANE IRMA:





 



There are many in the Digital World Agent and Merchant family who are vulnerable to Irma's damage -- if that's you, please know that we are all hoping for your safety and protection!

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Great time for your interested merchant to get a Clover system for his shop:

 Note:  sale ends Sept. 30!

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Gratitude for Residual:

For 3 years now Mike and I have gotten residual checks from Digital World (first it was Merchant Guard, remember?) and we have a serious Attitude of Gratitude for John Daniels'

a. pursuing this awesome idea and
b. sharing it with us!

There are a bunch of you who get those monthly checks for something you did months and years ago.  Can't beat true residual income, and Digital World, while requiring a learning curve on our part, COMES THROUGH with consistent financial rewards!

The secret to just doing a little bit and receiving more and more?

Share your DW opportunity video with a bunch of people* and build a growing team of Agents.  You share in the residuals that THEY build and there is nothing in the industry that can surpass that!

Questions or help?  Text Barb at 5598240668!

*Use the link in your DW interface and send it out to people.  For example, here is my link that I copied from there and pasted here:

www.digitalworldagent.com/?agent=mglammon


 There are several different excellent videos you can send... like the "android pay"!

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ONE GREAT THING ABOUT DW RESIDUALS:

At a time of natural disaster such as we are seeing this month, when your home can be destroyed and your place of business, too, and you have to get money to clean up, rebuild, and get your business going again so you have income for all these expenses.....

it is a great comfort to know that you have ONE source of income that remains unaffected from these events ---   if there were no other reason to work our Digital World business, that alone is enough!

We have built a large team that spans many states with businesses from coast to coast.  Although a storm might interrupt one or two merchants, most will be unaffected and that commission on each customer purchase just keeps on  coming.
 

If you haven't been serious about your DW business, isn't it time?


 

Consumer and Business noncash payments in the multiple TRILLIONS!

The digital merchant processing industry just keeps rolling along -- it is not an easy train to catch because it is a BULLET TRAIN -- but it is worth getting off to a running start just to have a shot at the residual riches that flow from its path.

How big is it?  Here are some latest growth stats from The Green Sheet and they tend to show that it is still all about the countertop terminal in the small merchant establishments that you frequent -- approach one today!  The numbers are so gigantic that it has me wondering what comes after a Trillion?

Fed details consumer, business noncash payments

Friday, July 7, 2017

Consumers relish electronic payments, and since the turn of the century, they have shifted a significant share of check writing to electronic alternatives such as credit, debit and prepaid cards and the automated clearing house (ACH).

Businesses are weaning off of checks, too, but at a slower pace, and ramping up ACH payments. These are two high-level trends revealed in a new report analyzing the Federal Reserve Payments Study 2016.

The Fed takes a read on noncash payment usage every three years. A report released by the Fed on June 30, 2017, is the first in an expected series drawing on data collected last year from bank and nonbank payment services providers.

Since 2000, noncash payments have been growing rapidly, according to the Fed's analysis. By number, noncash payments nearly doubled, from 72.4 billion in 2000 to 144.1 billion in 2015. That works out to an annual growth rate of 4.7 percent. In that same 15-year span, the total value of noncash payments rose from $75.87 trillion to $177.85 trillion, for a real growth rate of 5.8 percent per year.  (That's Trillion with a T!)

The Fed counts as noncash payments all check, ACH and card payments that clear through the banking system and card networks.
The newly released Federal Reserve Payments Study 2016: Recent Developments in Consumer and Business Choices details differences in household and business payment habits, as well as trends in the usage of alternative payment initiation methods such as mobile and online. Data collected for the study represent 2015 totals.

In 2015, checks accounted for 13.4 percent of all noncash payments and 15.4 percent of the total value of those payments, the Fed reported. This compares to 57.8 percent of all noncash payments and 66.7 percent of the total value of those payments in 2000. Households averaged just 7.1 checks per month in 2015, compared to 19.3 checks per month in 2000.

While business check writing also fell, businesses continue to be prolific check writers, averaging 24.1 checks per month in 2015, down from 66.0 checks per month in 2000. They also are big users of the ACH. But business use of card payments is modest, averaging just 19.7 transactions a month in 2015. The "combined value of business ACH transfers and business checks reached $148.54 trillion in 2015, which alone was more than double the real value of total ACH transfers and checks written in 2000 ($73.78 trillion)," the Fed wrote.

Consumer card payments growing strong

Growth in general-purpose credit and debit cards outstripped growth in all other noncash payment types, driven largely by consumer demand, according to the Fed's analysis. Debit cards are most popular with consumers, followed by credit cards, checks and ACH debits. Here's the breakdown for all consumer noncash payments in 2015 and increases since 2012:

• 57.4 billion by debit card, an increase of 11.7 billion
• 26.9 billion by credit card, an increase of 6.0 billion
• 10.7 billion with checks, a decrease of 1.8 billion
• 10.3 billion using ACH debit transfers, up 2.1 billion
• 6.2 billion by private label prepaid debit card, an increase of 100 million
• 3.6 billion using general purpose prepaid debit cards, an increase of 500 million
• 2.0 billion with private label credit cards, up 400 million
• 300 million using ACH credit transfers, up 100 million

Among all types of consumer payment cards, prepaid debit was the only category with a "significant drop in intensity of use" between 2012 and 2015, the Fed reported. While the number of active prepaid debit cards grew at 26.3 percent a year during that period, the number of payments made increased just 5.3 percent per year.

Meanwhile, alternative payment methods posted significant gains between Fed surveys, although the total number and value of these payments remain low. "When viewed in the context of the total number of noncash payments, these methods, while gaining traction, do not collectively constitute a significant number of payments at the current time," the Fed wrote.

Payments using mobile wallets, for example, grew 71.9 percent a year between 2012 and 2015, but at 1.3 billion, the 2015 total was small compared with other methods of noncash payments. Online payments grew from 1.8 billion in 2012 to 3.4 billion in 2015. Most online and mobile payments clear through the card and ACH networks.

what do you have to do to net $100 in your day job....

Miss Tuesday's EMV meeting? Register for Thursday! 

Mike Nardy, CEO of Electronic Payments will cover helpful details and tips regarding the EMV migration, upcoming liability shift, equipment, myths vs. truths, sales and more.

Thursday, October 8th – 9am & 12pm ET  6am and 9am Pacific time

OFFICE CODE: DWPCA
You must use the code to register.

REGISTER:

https://electronicpayments.webex.com/mw3000/mywebex/default.do?siteurl=electronicpayments


Please share with your team!


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What  do you have to do to net $100 in your day job?  

 

DWP pays you $100 EVERY TIME a new Agent comes on board your Level 1. 

Just show video on DWPSignup.com to 10 eyeballs/day (that would be 5 people!)  ....

 if 3 out of 10 are signing up -- which they are -- 

that's 5x5 = 25 /3 = 8 per week = $800 /week to YOU! 

 

Or share ApplePay.digitalworldpay.com ... even higher returns!  

 

Wake up and Shout out Time!!

Make a friend today!

TRAINING THIS WEEK:

Due to an overwhelming response to Michael Nardy's dedicated EMV webinar, he will be presenting four additional webinars next week! Michael will cover helpful details and tips regarding the EMV migration, upcoming liability shift, equipment, myths vs. truths, sales and more.

DATES:
Tuesday, October 6th - 9am & 12pm ET = 6am & 9am PT
Thursday, October 8th – 9am & 12pm ET = 6am & 9am PT

OFFICE CODE: DWPCA
You must use the code to register.

REGISTER:
http://electronicpayments.webex.com

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FROM THE INBOX:

When you build a  quick relationship with a  total stranger-merchant,  this business really gets to be smooth.  The merchant we submitted last week,  DWP came back this morning saying they needed two additional months of processing statements because of the high ticket request.   Barbara emailed the message to him and in 20 minutes he  submitted all that to corporate. So now it is headed for final approval.  This business is sure fun!

Look at the results from approaching a complete stranger about getting a free emv terminal:

1. We made a new friend, a really great guy.
2. Found an excellent new mail stop/cardsngifts shop that we would have never have tried otherwise.
3. Helped a merchant chop off some processing fees and get a free VX520 that his current processor was going to charge him over $500 for!

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How can Costco compete with us?  Here's  their latest offer as of today:
 

Be Smart Card/Chip Ready
SAVE NOW and SAVE LATER

The EMV Revolution is Now!

Exclusive Online Offer

$100 Credit for Chip/Smart Card/EMV Terminals*

Costco members receive a $100 statement credit on EMV ready terminals ranging in price from $459-$799 when you sign up to process your transactions through Elavon. Many EMV terminals include NFC (Near Field Communication) enabling them to accept contactless and mobile wallet payments like Apple Pay^™ Visa payWave^® and MasterPass^™.

 And what is their rate? I'm glad you asked:

Rate is bad enough but Look at that transaction fee!!  Ours is a nickel.

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Make a friend today! 

 

About our Processors

About our processors:

Michael Nardy, Founder and CEO of Electronic Payments, was exposed to entrepreneurship at a very young age and always had a passion for business. His family's longstanding privately-owned pest control business on  Long Island, New York encouraged Mr. Nardy to pursue entrepreneurial opportunities in his childhood and early adult-life.

In 2000, during his vocation as an undergraduate student at Boston College, Mr. Nardy founded Electronic Payments. When not immersed in studies, he focused on selling auction software to global organizations during the height of the Internet and dot-com explosion. He was the only employee and managed the business from his college dorm room; he even missed several classes to assist consumers and international clients.

Mr. Nardy quickly noticed the high demand for payment and transaction processing services. After graduating from Boston College with a dual degree in English and History, he elected to continue his business and raise the bar in the transaction and merchant services marketplace. He moved the company to his home town in Long Island, New York and, within three years, Mr. Nardy hired over twenty staff and developed a network of 400 sales agents and 10,000 merchants across the country.

Today, Mr. Nardy continues to elevate Electronic Payments' products, services and reputation as one of the most respectable acquirers and transaction processing companies in the nation. Since the company's incorporation, he has realized four office expansions, established an unparalleled staff of over 70 in-house employees, a network of 800 agents nationwide, and a portfolio of propriety, innovative products and services. With revenues exceeding $57 Million and a consistent rapid growth rate, Electronic Payments has received numerous industry accolades, including Deloitte & Touch LP and Inc. 500/5000 rankings for five consecutive years. The company now boasts more than 25,000 clients and processes over $6 Billion annually.

Michael Nardy is recognized as one of the industry's top leaders.  His success, dedication and contributions to the industry have earned him the honor of being named “Industry Leader” by the Green Sheet and one of “America’s Coolest Young Entrepreneurs under 30” by Inc. magazine. He was also nominated as a finalist for the Ernst & Young Entrepreneur of the Year® 2011 New York award.  Mr. Nardy has been featured in both print and broadcast media, including Newsday magazine, Long Island Business News, the East Hampton Star as well as FoxBusiness News and Sky Radio Network.

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Marc Gardner, NAB Founder: 



 



***************** Mike's new completely ---I mean COMPLETELY --- rebuilt 1965 MF Tractor...if you can't get him by phone today, call me. He's plowing the back 20!!

It was a great weekend for spreading the DWP word! Over the past 3 days  we had new Agents come in in Kansas,  Missouri,  Maryland and Mississippi!

Wow! Some of you are killing it!  (Lynne Halbasch)

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Requests for live events have come in, too -- Carson, Sacramento, LV, to name a few....

webinar is handiest event to introduce DWP to a wide geographic range of others right now -- for your guests and for us.  Will post a live webinar schedule shortly -- PLEASE SEND MIKE OR BARB A TIME THAT WOULD WORK FOR YOU for a 20 min. webinar.

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As you go through your training as a DWP Agent, and scan a few merchant statements and see the stuffed-bill hidden charges, you  know what  both Buzz and Jim are referring to in this EPI merchant testimonial that was made before DWP was started.  Remember, EPI has a successful track record going back to 2000 so your merchants can be confident in EPI service:

THURSDAY TIPS N TOOLS:

1.  Great recorded call to share with others - Paul:   http://fccdl.in/veawbjtyQ

2.  DWP video to share with others:  http://vimeopro.com/user35631786/dwp-presentations 

3.  Your signup page:  DWPsignup.com   Code = Your MG#+last 4 digits of your phone

4.  Training sheet "IF I COULD SHOW YOU"

5. Tools on Merchants:

a.  Trifold brochure downloaded  click here, print and personalize.

b.  Merchant Letter downloaded  click here, print and personalize.

c.   Phone Swipe Merchant app online and  form Agent submits for account. NAB

d.  EPI has ProCharge mobile swipers for bundle @1.19 or cost plus @.25 -- EPI has extensive spanish-language support, flyers, etc. -- great EMV terminals.

e.  Pivotal has month-to-month 1.19 bundle; also swipers...  great EMV terminals. Great package for international biz.

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Your dwpinterface is chock-full of tools so I have pulled out some must-have info above.

Have you ever water-skiied?  There are really only 2 things you need to focus on: 

1. your hands on the rope and 
2. your ski (board) under you.

The boat does the rest.

That's how I see this DWP biz: 

1. share the biz when appropriate and
2. contact a few merchants with what we can do for them.

Using one of the tools above -- as well as webinars, calls, events, whatever is available.

And let the boat (support@digitalworldpay.com) do the rest!

Pin Your Retirement to DWP!

Recorded Sunday night Wrap-up Call, topic: Merchants, click here.

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Or dial in to recorded line as shown at right of screen, File 23.

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THURSDAY NIGHT, 6-9-15, 6PM Meet/Eat, 7PM START!
Denny's. 132 N. Grand Avenue. West Covina, CA 91791
Meribel Torres, Mike & Barb Lammons

FRIDAY NIGHT, 6-10-15,  5PM Meet/Eat, 6PM START!! 8pm END
Denny's. 333 S. Abbott Avenue. Milpitas, CA  95035
Chan Krohn, Robinson Mangoang, Mike & Barb Lammons

Come.  BRING INTERESTED PEOPLE!  Watch Inbox for flyers.

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FROM THE 'EDUCATE YOURSELF ON WHY DWP IS A GREAT BIZ' FILE:

THE PAYMENTS INDUSTRY EXPLAINED

• John Heggestuen

• May 15, 2015, 5:01 PM

The ecosystem for credit- and debit-card processing involves a complicated set of players interacting to process every transaction. Five types of players are involved: acquirers/processors, issuers, card networks, gateway providers, and independent sales organizations (ISOs).   That's us!

To process a typical transaction, three steps must occur: authorizing, batching, and funding. Each participant in this process takes a fee off of the total volume of a transaction. The remainder is deposited in a merchant's account.

Three trends will shape the payment-card-processing ecosystem from 2015 onward: the EMV security migration, rapid development of new payment technologies, and the massive card-fraud problem in the US.

The mobile point-of-sale (mPOS) is going to have a massive impact on the payments-hardware and payments-software industry. By 2019, we forecast that nearly 80% of US retailers will have implemented a mPOS device.

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Pinned your retirement to the stock market?

WSJ News TODAT By Corrie Driebusch

Updated July 6, 2015 4:47 p.m. ET

 

U.S. stocks fell Monday, weighed down by a tumble in oil prices as well as Greek voters’ rejection of creditors’ conditions for further financial aid.

The Dow Jones Industrial Average declined 46.53 points, or 0.3%, to end at 17683.58. Stocks spent midday trading around the flat line after earlier being down by as much as 166 points.

The S&P 500 dropped 8.02 points, or 0.4%, to 2068.76 and the Nasdaq Composite Index lost 17.27 points, or 0.3%, at 4991.94.

Better idea --Pin it to DWP!:

CARPINTERIA, Calif.--(BUSINESS WIRE)--General purpose and private label credit, debit, and prepaid cards generated $5.165 trillion in payments for goods and services in 2014. Processing fees, including interchange paid by U.S. merchants to handle that business, were $78.09 billion, up from $72.44 billion in 2013 when fees were $4.768 trillion, according to the annual report on U.S. merchant processing fees published by The Nilson Report, the top trade newsletter covering the card and mobile payment industries.

“Fees merchants pay to process card payments rise annually because Americans use their credit, debit, and prepaid cards more each year”

Source: http://www.businesswire.com/news/home/20150624005977/en/Nilson-Report-U.S.-Merchant-Card-Fees-2014#.VZsDdFJrVD0 



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Where MG fits...can you find us?

What drives our economy?

HOUSEKEEPING:

Please note that we are not recommending any business card right now -- if you create one using the MG logo be sure to run it past MG Marketing for approval.  WE RECOMMEND using one of the editable flyers for maximum effect.

With the recent additions to MG some of the flyers or a BP that got posted to the 'net a few months ago is no longer accurate.

ALWAYS DOWNLOAD .ppt, apps and flyers from your back office (mginterface.com) to be sure the info is up to the minute!

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FROM THE INBOX:

Had email from Agent last nite that had FOUR personal people sign up over weekend.
Texas math says that's $400.00

They all came to our event this past weekend.

Get folks in your biz by the #'s --- I have Tablet- will travel.

Happy MG Trails to u!

Michael R. Lammons
Pacific Coast Manager
Merchant Guard

559 824 3254 Cell & Text

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WITH MERCHANT GUARD, FREE MEANS FREE:

An MG Agent ran across another tablet form-POS vendor that advertises 'start for free' and has packages for $39/$59/$199 monthly.  I scoured their website: found out that the fee is JUST for the terminal -- it works with (read "in addition to") a limited number of processors!!

Our superior unit IS FREE. 

We GUARD the merchant!

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QUESTION:  What drives our economy?

ANSWER:  We do!

 Hype the Swipe!

See anyone here who can use ProCharge or Phone Swipe?

vital industry!

TWO GREAT MG EVENTS THIS WEEK IN NOCAL:

Milpitas - 7pm Friday night
Modesto - 1 pm Saturday afternoon

Details posting shortly.  Save the dates -- GUESTS WELCOME.  Special guest will be MG Founder John Daniels!

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Come learn about and be part of this vital industry!