Archive for September 2018

Why are EMV Credit Cards More Secure?

If you are still stuck on magnetic strip credit cards, it’s time to move on. Not because you are out of date (although you are), but because fraudsters and identity thieves just love magnetic strip credit cards and magnetic strip debit. They have learned how to skim magnetic strip cards in seconds without anyone seeing…

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Five Reasons to Use Your Credit Card

Some people can’t live without their credit cards, others see them as a necessary evil. Wherever you stand on the issue, credit cards have a lot to offer the average consumer. Here are a just a few advantages to paying with credit cards. It’s safer than physical cash Ask a criminal the best spot to…

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How Payment Gateways Work

The simplest way to think of a payment processor is to start with the example of an electronic card reader. These are also known as POS (Point of Sale) terminals. It’s the little device at a store where customers swipe their credit cards. This is the main way to physically process credit cards for retail…

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Interchange Fees Briefly Explained

As a merchant, you might be wondering what interchange fees are all about. Understanding interchange fees can be important. Briefly, interchange fees are paid by payment processors to the credit card companies (Visa or MasterCard) for being able to accept customer payments by credit card. How it works: The instant you accept a card payment…

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How Does the PCI DSS Work?

Before looking at how PCI DSS works, it’s helpful understand what it is. PCI DSS, or Payment Card Industry Data Security Standard, is an ever-evolving set of technical standards that was launched in 2006. Improvements, updates and milestones are ongoing, and 2018 has seen a number of mew requirements being implemented. The aim is to…

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Visa’s New Chargeback Rules

Visa is one of the most widely accepted credit card brands, so they play a big role in payment regulation.  Any rules that Visa issues could affect your business, so you want to be aware of them and stay within their boundaries. Visa’s 2018 regulations are aimed at security, both for you and your customers.…

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The Benefits of Applying for a Credit Card

In some markets, getting a credit card is really hard. The requirements are intense and it’s difficult to qualify. In other markets, credit cards are practically handed out in the mail. You barely even have to ask for it. This type of credit card often comes in the form of a store loyalty card. The…

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Online Payments Security Glossary

If you’re a “netizen,” you probably don’t think twice about buying stuff online. You’ve spent your whole life on the web, and are constantly on your smartphone or tablet. You may even spend more time (and money) online than off. This applies to almost everyone under 30, because the internet and its related devices are…

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A Short Guide to Online Security for Credit Card Payments

You’ve probably heard some scary stories about phishing scams and identity theft. While it’s possible for someone to access your account through your credit card details, it’s just as possible to protect yourself (and your clients). First, common sense. Don’t share photos of your credit card, because it’s easy for somebody to zoom in and…

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Credit Card Processing With a Merchant Account

Credit cards are easy for customers. They swipe their card, sign their receipt, and hopefully repay their card in a timely manner. But for the business accepting payment by card, there’s more involved. First, you need the tools to accept customer cards. These could be in the form of a point-of-sale (POS) physical terminal with…

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