Secure Payment Processing
Reduce 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 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 MoreChecking Whether a Credit Card is Valid
As a merchant, you generally want to check to see whether a credit card is good before you turn over services or merchandise. This is especially important for online businesses. Merchant card processing services can offer web-based software that integrates with your website back-end and is linked to your shopping cart and checkout options. This…
Read MoreEnsuring that Customers’ Personal Data is Secure.
The guaranteed way to ensure that your customers’ personal data is secure rests on your choice of merchant card service provider; it’s that simple! By selecting a reputable merchant card service provider that has all the mandatory certifications and verifications as set-down by the Payment Card Industry (PCI) Security Standards Council, you are ensuring that…
Read MoreContactless Mobile Payments
If you have an interest in mobile apps and cell phone technology, you might have noticed a move towards contactless sharing. It started with sending addresses and phone numbers, then evolved into music and images. The feature allows you to pass information from one phone to the other without the two phones touching. When this…
Read MoreQIR Compliance: What’s it got to do with you?
Qualified Integrators and Resellers (QIR) compliance is a standard set for resellers by the Payment Card Industry (PCI) Security Standards Council to implement, configure and support Payment Application Data Security Systems (PA-DSS). QIR validated companies are listed on the website of the PCI Council. Although QIR compliance has not yet become a compulsory requirement, card…
Read MoreHow do Visa QIR Requirements affect my online business?
Merchant processing is a delicate process. On the customer side, it may look quite simple. After all, they simply flick their wrists and swipe their cards, or maybe key their details onto a website. For some, it’s as easy as waving their cards over the NFC reader on a mobile phone. In reality, it’s a…
Read MoreDo I need an SSL certificate for my online store?
Setting up an e-commerce site can involve a lot of new terminology and aspects you’ve never heard of before, such SSL or HTTPS. If you are new to e-commerce or to setting up a website in general, these terms can be baffling, but it is important not to ignore them. Making sure you know what…
Read MoreWhat are Chargeback Fees?
One of the most stressful aspects of accepting card payments is getting a chargeback. This is the technical term for a payment reversal that was not initiated by the merchant. It happens when a customer has paid using a credit or debit card, but for any of a variety of reasons, the bank ‘reverses’ the…
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