Category: Vellis News
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Due Diligence in the Medical Spa Industry
Before buying, selling, or investing in a medical spa, one essential step you can’t afford to skip is due diligence. This simply means taking a closer look at all the important parts of the business, things like finances, daily operations, legal documents, and whether the spa is following health and safety rules.
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Plastic Surgery Financing and Payment Options
Considering plastic surgery? You’re not alone, and for many people, the biggest question isn’t which procedure to get, but how to pay for it. Since most cosmetic surgeries are elective and not covered by insurance, figuring out how to afford the cost becomes a major part of the decision-making process.
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What Is a Medical Credit Card?
A medical credit card is a special kind of credit card made just for health‑care bills. You use it when insurance doesn’t cover the full amount for instance, for a dental crown, eye surgery, or a pricey test your plan skips, and then pay the balance off over time.
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Cash Discount Vs. Surcharge: Which Program Is Better?
When it comes to cutting down on credit card processing fees, many merchants are torn between two common pricing strategies: cash discounting and surcharging. But what exactly is the difference?
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Digital Wallet vs. Mobile Wallet: What’s the Difference?
In simple terms, a digital wallet is an online tool that securely stores your payment info for use in apps, websites, or even in-store purchases. A mobile wallet is a type of digital wallet that works through your smartphone or smartwatch, letting you tap to pay or send money on the go.
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What Is Near-Field Communication (NFC)?
Near Field Communication, or NFC, is a type of wireless technology that lets two devices talk to each other when they’re very close, usually just a few centimeters apart. What’s more, you’ve probably used it without even realizing it by tapping your phone to pay at a store, using a contactless card on the bus,…
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What is Biometric Authentication and How Does It Work?
Biometric authentication can easily be explained as a way to verify someone’s identity using physical or behavioral traits that are unique to them like a fingerprint, facial features, or even how they walk or type.
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What is Open Banking: Definition, How It Works, and Risks
Open banking is a financial model where banks securely share customer data with approved third-party providers through APIs (application programming interfaces). This setup gives consumers more control over their financial information, while encouraging greater transparency and innovation across the industry.
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What is 3D Secure 2.0?
Security is of the essence. 3D Secure 2.0 is a modern authentication protocol designed to enhance the safety and convenience of online payments. It builds on the original 3D Secure system by improving security while also reducing the friction that used to frustrate customers during checkout.
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Tokenization vs. Encryption: Which Is Safer?
When it comes to protecting sensitive data, especially in industries like finance and healthcare, two key techniques often come into play: tokenization and encryption. Both serve the same core purpose, keeping information secure, but they work in very different ways.