Credit Card Processing
Everything You Need to Know About Accepting Chip Cards
Everything You Need to Know About Accepting Chip Cards EMV, which stands for Europay, Mastercard, Visa, is a unique and high-tech payment method that is sweeping across the country and beyond. It involves the use of embedded microchips installed in consumers’ credit or debit cards. The purpose of the chip cards is to prevent many…
Read MoreHow PCI compliance affects your bottom line?
How PCI compliance affects your bottom line? Introduction Payment Card Industry Data Security Standards (PCI DSS) is a non-legal regulatory compliance which acts as a protection for online transactions. It protects online payment platforms from fraud and data breaches. This is an independent entity administered by major credit firms which mean non-compliance is not necessarily…
Read MoreThe Liability Shift in Credit Card Processing That Business Owners Need to Understand
The Liability Shift in Credit Card Processing That Business Owners Need to Understand Counterfeit cards make up about 37 percent of credit card fraud in the US. The reported cases in 2014 alone add up to nearly 32 million, or three times the number of cases reported the year before. EMV Technology This alarming increase…
Read MoreProcessing Fees: Tiered vs. Interchange
Credit Card Processing Fees: Tiered Pricing Methods vs. Interchange Plus Plans If you’re a small business owner and utilize digital banking and e-commerce options to sell your products and service, you probably have something called a merchant account. A merchant account is a bank account which allows businesses to accept various types of payment methods.…
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