A Brief History of Credit Card Processing
The first known use of a card to make purchase dates back all the way to 1914, when Western Union issued a metal plate to its employees. This metal plate was in lieu of a paycheck, and it was meant for use in company owned stores. The first credit card however, was developed in 1946…
Read MoreWhy Your Business Should Accept Credit Cards
Cash may be fun to have, but it can be a tiresome medium for transactions. There’s a lot of it to handle during the day, and after you close your store or business, you have to go through bookkeeping, which can be tedious and repetitive. However, this does not necessarily have to be the case.…
Read MoreWhat a Merchant Account Can Do for your Business
If you are a small business owner, do not immediately assume that your company is not big enough to accept credit cards, electronic payments and online transactions through a merchant account. All of these payment methods are essential if you want to take your business to the next level. How does a merchant account work?…
Read MoreWhat is the Role of a Payment Processor?
A payment processor is a company that handles all processing between you, the merchant and your customer when a credit card payment is processed. They are responsible for transmitting and relaying encrypted data between banks. It is the payment processor’s responsibility to ensure the safety of all data transmitted, confirm if a transaction has been…
Read MoreAn SSL Certificate Does Not Guarantee PCI Compliance
Many businesses would like to be PCI compliant, because it is a security standard that can help prevent security breaches. PCI stands for Payment Card Industry, but you sometimes see the abbreviation DSS attached as well, with DSS standing for Data Security Standard. Companies of any size can become PCI compliant. When it comes to…
Read MoreDoes PCI Compliance Apply to Your Business?
After a slew of massive data breaches, information security is more important than ever. This is where the concept of PCI compliance comes in. Otherwise known as the Payment Card Industry Data Security Standard, or PCI DSS, this concept is a security standard for proprietary information that applies to any business that stores, processes or…
Read MoreHow to Protect Your Business From Cybercrime
Cybercrime is a reality. It’s important for all business owners to protect their businesses from cyber-security threats. Every day, the shadow of cybercrime looms larger over businesses of all sizes. Despite this, many companies still do not have the basic protection to withstand even a weak attack. In fact, according to recent statistics, 83% of small to…
Read MoreWhy You Need ACH When Selling B2B (and B2C too)
ACH stands for Automated Clearing House and it is an electronic payment delivery system for individuals and businesses within the US. The ACH is typically linked to a merchant account, and a business will use it to send or receive money to and from a variety of accounts on a recurring basis. It is a…
Read MoreAccept Credit Card Payments During the Holiday Season
Accepting credit cards is always good for business, but it is particularly important to be able to accept them during the holiday season. Businesses that open up a merchant account and start accepting credit cards see an increase in sales almost immediately, and given that people like to spend during the holidays, it stands to…
Read MoreThree Easy Ways for Your Business to Give Back
Often times in business, it can start to be all about the numbers, but sometimes it’s important to open up and give something back to the community that made it all possible. Whether you are self-employed, or a small business owner, the holiday season is the perfect time to make that connection with your community,…
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