Archive for October 2018
How Do I Remain PCI Compliant?
A survey conducted in 2014 shows that nearly $16 billion losses were caused due to credit-card fraud. This could be, in part, because businesses may not maintain proper controls over the sensitive data in their possession. PCI refers to the Payment Card Industry Council, which is the organization that self-regulates credit card payment methods. Initially,…
Read MoreTips for Safeguarding Your Customers’ Credit Card Data
Allowing your customers to pay by credit card makes life a lot easier for them. It’s convenient, it improves their credit score, and it makes a great avenue for loyalty plans. However, it also puts them at risk. If unscrupulous people get hold of someone else’s credit card details from you or your business, the…
Read MoreNew to Credit Card Payments? What to Know
As a customer, it helps to memorize your PIN, card limit, interest rate, and cancelation phone number number. It could also be handy to understand how to read credit card statements. Beyond that, just swipe and sign. But from a business perspective, there’s a little more involved. For one thing, you need to know what…
Read More5 Benefits of Signing Up for a Merchant Account
A merchant account is a particular type of bank account that enables businesses to accept credit cards and other payment types. Opening a Merchant Account The most convenient way to open a merchant account is with the help of a payment service provider (PSP) that offers several different options. These include payment through different currencies…
Read MoreThe Benefits of Payment Options
As a business owner, it is sometimes helpful to put on your ‘customer hat’ for a few minutes. What’s your favorite place to shop, and what do you like about it? Now think of your least favorites. What are they doing wrong? Apply that same level of scrutiny to your own business. If you were…
Read MoreIn-store and Online POS Solutions
A point of sale, also known as “POS,” is the place where your customer pays for the goods or the services he purchased from your company. A POS system is what is used so that the customer can make a payment. Basically, a point of sale system will use both POS hardware, and possibly POS…
Read MoreWhat is Credit Card Tokenization?
Briefly, credit card tokenization involves replacing customers’ Primary Account Number (PAN) with a series of randomly generated sequences that can pass through payment networks without exposing sensitive data. It is a highly effective data security system designed to prevent fraud and frees merchants from the responsibility of maintaining card data on their payment systems. How…
Read MoreHow Secure is Payment Processing?
You don’t have to go far to look for recent data breaches or cyber-attacks. Research shows that in the first six months of 2017 there were 918 data breaches that compromised 1.9 billion data records. That was a 164% increase over the same period in 2016. Scary! But there are often warning signs of potentially…
Read MoreCommon Reasons for Chargebacks
When a customer makes a purchase from you, they can pay using a credit card or debit card. If it’s a one-off purchase, the cash transfer takes place immediately, and the money arrives in your bank account within a day or three. If it’s a repeated expense (like a subscription), it might not be posted…
Read MoreCardrates.com Declares Charge.com Secure and Affordable
GAINESVILLE, FLORIDA – CardRates.com, which is known as “The Ultimate Guide to Credit Cards,” and which features “the latest news, studies, current events, and other interesting tidbits from inside the credit card industry” from “finance experts and industry insiders” has determined that Charge.com’s processing fees are among “the lowest in the industry.” The Cardrates.com article…
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