Credit Card Processing
Credit Card Data Security
Are Consumers Still Concerned About the Security of Their Payment Card Data? Perception often times affects the reality of business, even if that perception is wrong. A case in point is the fact that, according to Transaction Network Services, a telecommunication and financial data solutions provider, 85 percent of adults within the United States, Australia…
Read MoreGetting a Merchant Account with Bad Credit
A few decades back, getting access to credit was quite a challenge. Military veterans could get priority for loans, but most people had a hard time with any bank assistance or financing. Things have changed now, and may issuers offer you credit cards in the mail. You can get a card without even asking for…
Read MoreCybersecurity for Small Businesses
Cybersecurity should be a concern for every business, large or small. We often hear in the news about multinational online security hacks, but we aren’t exposed to the breaches happening regularly to small businesses. Small businesses are at equal risk of online security threats to large organizations, with about 20 percent of all small to…
Read MoreReduce Your Chances of Financial Fraud
These days, customers largely prefer to pay for their purchases using their credit cards. It’s swift, convenient, and feels safer than carrying cash. Unfortunately, criminals have upgraded their techniques. Instead of mugging and pickpocketing, they now use credit card fraud and identity theft to rob customers and run up unscrupulous bills. As a business, earning…
Read MoreHow to Accept Credit Cards Over the Phone
Most businesses process credit cards in one of three ways. Customers can swipe cards on a portable electronic keypad, swipe it on a card reader attached to a cash register, or input their card details on a secure website. To facilitate these payments, a business needs to open a merchant account with a payment processor.…
Read MoreQA Processes
QA stands for Quality Assurance. When it comes to payment processing, there are three main areas of quality assurance. One is on the cash transaction itself, ensuring it goes off without a hitch. Two, the payment processor, to check that they are suitable for the tricky task of handling credit cards. The third quality assurance…
Read MoreBank Identification Number (BIN) Definition
A Bank Identification Number (BIN) is the first four to six numbers that appears on the front of a credit card. The BIN number is a unique identification of the banking institution that issued the card. BIN numbers are also assigned to charge cards, gift cards, debit cards, pre-paid cards and benefit cards to identify…
Read MoreHow Online Credit Card Authorization Works
Surprisingly few people seem to know how credit really works. As children, money was something we took for granted. Kids don’t know where money comes from, how hard it is to find, or that it can run out. Unfortunately, many adults face the same ignorance regarding their cards. That’s how they end up with…
Read MoreThe Cost of Accepting Credit Cards
Are you worried about the cost of accepting credit cards for your online business? Managing costs for any business owner is key to ensuring that your business remains profitable. Accepting credit card payments for purchases made online from your website is a must if you want your business to succeed. Customers want ease of payment,…
Read MoreAccepting Credit Cards Generates More Sales
We all know credit cards are convenient for consumers. They help buyers feel safer because they don’t have to carry cash. They’re lighter and more portable than walking around with large wads of money, and when you do need physical cash, you can get it instantly from ATMS all over the world. And cards benefit…
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