Secure Payment Processing

Online fraud is a business owner’s nightmare. When a customer’s card or identity is stolen, they risk losing their money, but they can talk to their bank and possibly get it sorted out. However, when it’s your business that is being defrauded, it damages your reputation–potentially beyond repair. Future customers may have a hard time…

If you are still hanging on to your magnetic strip card processing system rather than changing over to EMV card processing you might need to rethink your approach. Not only are EMV cards the direction in which card payment technology is evolving to become the norm in time to come, but EMV cards offer greater…

EMV chipped credit or debit cards offer advanced security and protection from fraud. EMV (an acronym for EuroPay, MasterCard and Visa) refers to a technical standard for microchips used in credit and debit cards, as well as the devices used to read them. Credit card companies developed this global standard to regulate and increase the…

As e-commerce continues to take a more prominent stand in the global market, even small businesses are turning to the online platform to expand their reach and grow their profits. There are so many benefits for businesses of all sizes to offer online shopping experiences. However, online payment facilities raise new security issues that merchants…

In a move applauded by most retailers, major card brands (Mastercard, Discover, American Express and Discover) will no longer require customers to sign for all of their card payment transactions as of the end of April 2018. At the same time, each card brand will be adding new rules and relaxing existing rules for merchants.…

GDPR or the General Data Protection Regulation is a comprehensive new law that came into effect on May 25th, 2018 and applies to all companies that collect and process data belonging to European Union (EU) citizens, even, in some cases, if the business is conducted outside of the EU. This law is particularly important to…

The Payment Card Industry (PCI) was established to provide a universal set of security standards to protect sensitive consumer information, such as credit card numbers and account passwords. When we talk about PCI Compliance, we are actually referring to the PCI DSS, or Payment Card Industry Data Security Standard. The DSS is a protocol that…

When it comes to online shopping, a lot of people’s main concern is security. Can we really trust that our credit card details are safe after we enter them online? While there are folk who are terrified of entering personal information onto the web, there are also people who will share all their details, unaware…

A “chargeback” means that a customer’s payment transaction that was previously authorized and cleared is later reversed. A payment reversal will result from a dispute raised by the customer or their bank, and the full payment amount plus chargeback fees will be withdrawn from your merchant bank account. If a customer believes that they did…

If you’ve spent time on the internet–or even just watched the news–then you may be concerned about credit card theft. Most of us worry about it from our perspective as a customer. But as a business owner or decision-maker, your concerns are a little different. One, you may be worried that a rejected payment will…