Credit Card Machine Security
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Credit Card Machine Security

Virtually everyone using credit or debit cards to make purchases, especially at gas pumps, has been asked to provide a zip code prior to the purchase being approved. Since gas purchases made at the pump don’t require the purchaser to enter a store and deal with a cashier, many people enjoy the speed and convenience...

Posted by January 3, 2017December 28, 2017
Can Merchants Save Money On Credit Card Processing Fees?
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Can Merchants Save Money On Credit Card Processing Fees?

With margins often slim, even in good times, it pays merchants to explore ways to minimize their expenses. While some business fees and expenses are beyond the control of merchants, there are some expenses where available options make it possible to trim costs. That’s true, to a certain extent, with credit card processing fees, so...

Posted by December 29, 2016December 28, 2017
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A Guide to Level 3 Credit Card Data

For retailers, the acceptance of electronic payments comes with an expense not linked to check or cash payments—an interchange fee, which is a percentage of the sale paid by the vendor as transactions are processed. While most know that the prices of services and goods typically include these fees, processors continually work with suppliers to...

Posted by December 27, 2016December 28, 2017
FAQs About How To Reduce Online Payment Fraud CVV Filter
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FAQs About How To Reduce Online Payment Fraud CVV Filter

Security opportunities for e-commerce websites reduce the potential for identity theft and major financial losses. These security measures lower the likelihood that the company will suffer hindrances to their reputation by failing to provide adequate security.   The following are FAQs about how to reduce online payment fraud CVV filter. What is a CVV Filter?...

Posted by December 1, 2016December 28, 2017
How Different Age Groups in America Prefer To Pay For Services And Purchases
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How Different Age Groups in America Prefer To Pay For Services And Purchases

If the average American’s wallet or purse were examined for different kinds of currency, there would be a mixed bag. Almost every American adult would have some coins and paper bills, a checkbook, a debit card, one or more credit cards, and perhaps some coupons or gift cards. But, in the last few years, there...

Posted by November 17, 2016December 28, 2017
What You Should Know When Determining What Is The Durbin Amendment?
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What You Should Know When Determining What Is The Durbin Amendment?

Changes in laws related to debit card transactions lead to a lawsuit against the Federal Reserve. This lawsuit was the efforts of several coalitions to protect merchants. The claim reflected the failure of the government agency to comply with this new federal law. To understand fully the origins of the law and lawsuit it generated,...

Posted by November 10, 2016January 2, 2018
The Credit Card EMV Update
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The Credit Card EMV Update

What are EMV credit cards? These credit cards were introduced in the 1980s to prevent in-store credit card type fraud. They are different than older type credit cards in that they have embedded security chips as well as the magnetic stripes for credit card readers. These cards need EMV-ready terminals to fully work. These security...

Posted by November 8, 2016January 2, 2018
How Different Age Groups Prefer to Pay for Purchases
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How Different Age Groups Prefer to Pay for Purchases

How do different age groups prefer to pay for purchases in the United States? There are several ways to pay for purchases, and different people prefer each payment method. People may pay for different types of purchases in different ways depending on convenience and practicality. Businesses have tried to offer as many ways to pay...

Posted by November 1, 2016January 2, 2018
Trends Driving the Future of Mobile Processing
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Trends Driving the Future of Mobile Processing

Processing payments for purchases on the go is already a possibility. More and more merchants are utilizing technology to accept credit card payments wherever they are located. All that is needed is a high-speed internet connection to use in-phone applications, and add-on attachments that instantly convert smart phones and tablets into point of sale (POS)...

Posted by October 27, 2016December 28, 2017
What the EMV Update Means for Merchants
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What the EMV Update Means for Merchants

EMV refers to bank and credit cards that are embedded with data chip. The initials EMV stand for Europay, Mastercard, and Visa because those companies worked together to develop chip-embedded payment technologies. The innovation was designed as a response to the high incidents of in-store fraud possible with magnetic strip cards. Using stolen credit and...

Posted by October 25, 2016December 28, 2017