Credit Card Processing
What is the Difference Between EMV Cards and Magnetic Strip Cards?
What is the Difference Between EMV Cards and Magnetic Strip Cards? The magnetic strip credit card has been the standard for decades, but now, a new credit card standard is taking over markets around the globe. This standard is the EMV-chip card, which has the main benefit of offering increased security during transactions. In this…
Read MorePCI Compliance also Includes Hardware
All your credit card processing equipment, hardware and software, must meet 12 requirements outlined in the Payment Card Industry Data Security Standards Council (PCI DSS) as well as the Payment Best Application Practices (PABP). Noncompliance puts you at risk of a data security breach, in which customers’ credit card information or other sensitive information can…
Read MoreDo I Need a Merchant Account to Accept Credit Cards?
Let’s understand a merchant account first. Briefly, a merchant account is a facility provided by a bank for a merchant, you, to route money from credit card sales to your bank account. A sale is made, paid for by credit card, and the funds reserved for you. In-between the transaction follows many steps between your…
Read MoreThe Difference Between a POS System and a Credit Card Machine
In modern trade, there are three main ways to receive money: paper, plastic, and digital. Technically, US currency isn’t paper at all, because it’s made from cotton, but generally, physical currency (notes and coins) are referred to as ‘paper money’. Plastic refers to credit cards and debit cards, while digital currency is passed through virtual…
Read MoreThe Right Merchant Account Provider for Small Business
Starting a business is a brave move, but it’s growing your business that is the real task. Once the glitz and glamour of the launch have faded and the novelty is gone, you need to turn curious browsers into repeat customers. Sustaining and growing your business volume is a challenge. You need all the help…
Read MoreHow Can I Prevent Credit Card Fraud?
The phrase ‘credit card fraud’ is terrifying for both you and your customers. To your customers, it conjures nightmares of drained savings and hiked bills. Plus, they’re placed in the difficult position of proving to their bank that they didn’t actually make those purchases. The potential damage to their credit report can be hard to…
Read MoreWhat are EMV Credit Card Machines?
Before we look at EMV credit card machines, let’s take a quick look at EMV technology as a whole. EMV technology features credit cards embedded with microprocessor chips that store and protect cardholder data. It is fast becoming the global standard for all card payments. EMV stands for the original developers Europay, MasterCard, and Visa.…
Read MoreKeep Customers’ Credit Card Data Secure
PCI stands for Payment Card Industry, and it’s recognized throughout the US as an accepted standard for card security. It’s not a legally mandated requirement, but complying with PCI requirements increases the confidence of both your customers and your financial backers. PCI terms may be slightly different based on the nature of your business. For…
Read MoreHow Do I Know my POS is Secure?
Most customers prefer to make their payments using credit cards. It’s swift and convenient, and they feel safer handling cards instead of cash. However, as technology advances, criminals get smarter and smarter. This makes customers worry about things like identity theft and card fraud. As a business, it’s important to protect your customers from violation.…
Read MoreWhy You Need to Accept Credit Card Payments to Compete
A large number of small businesses do not accept credit cards. Are they missing out? Customers prefer to have many payment methods available at their disposal, and some will skip stores altogether if they do not accept their preferred payment method. However, that’s not all. In this article we’re going to take a look at…
Read More