With the threats to data security in e-commerce, web application security should be the on the top of the list of concerns for any merchant. If a survey conducted by the Open Web Application Security Project (OWASP) is any example, organizations and merchants are only responding to security threats when they should be testing the […]
What is EMV? Chip cards are based on a global card payment standard called EMV, currently used in more than 80 countries. There are more than 3.4 billion chip cards issued across the globe How do I know if I have a chip card? If you have a chip card, the chip is located on […]
Interchange fee” is a term used in the payment card industry to describe a fee that a merchant’s bank (the “acquiring bank”) pays a customer’s bank (the “issuing bank”) when merchants accept cards using card networks, such as Visa and MasterCard, for purchases. Although Visa and MasterCard determine Interchange rates, the fees are not retained […]
Avoid the scenario where you can no longer process transactions by reviewing your current terminals and checking if they will be usable moving forward. The specific terminals to look out for are listed below. If you have further concerns, don’t hesitate to contact us! Affected Mobile Terminals The S90 Credit Card Processing Terminal will be […]
Is Your Business Protected with EMV Payment Processing For Small Businesses? With the advancement of payment methods, consumers can shop via more outlets than ever before; making security a huge issue for business owners. The threat of payment processing fraud is at an all time high making it more important than ever to have confidence […]
Over the past couple of weeks I have run into many merchants that feel ripped off by their merchant sales representative. Time and time again I hear “I just didn’t know what to ask for.”. Like with any other purchase for your business, it is important to learn about your product. Here is a list […]
With 80% of online shoppers using credit cards, you can’t afford NOT to take credit cards. Did you know that merchants offering credit cards as a payment option increase their profitability by estimated 50%? With the inherent advantages involving credit card processing, should you really go with your initial instinct and choose the cheapest option? […]
Some lists you want to be on-like the VIP list. But the TMF is one list you don’t want to be on. We’ll talk about what this means for your business, how to avoid getting on the TMF list and what to do if you end up on it. What is the TMF Match List? […]
Non-Qualified I frequently get calls from merchants who say they were quoted one rate, but claim different rates are showing up on their statements. Unfortunately, merchants can experience a rate increase or surcharge because of the type of card your customers are using, such as sky miles cards and rewards cards. Another cause of increased […]
Credit Cards Fraud Risks With fraud on the rise, online merchants face increasing risks. In card-not-present transactions, there are two basic levels of credit card validation used to validate that credit cards presented for payment actually belong to the person initiating the transaction. The first involves using the Luhn algorithm (also called the “Mod 10 Method […]
