Are You EMV Ready?
Post

Are You EMV Ready?

Effective October 2015, the U.S. has been mandated to adopt the chip and signature standard, also known as EMV (Europay, MasterCard, Visa). This type of smart card technology is a proven global payment security measure to help prevent card fraud. Is your business ready for the migration?  The EMV migration will replace magnetic-stripe, or mag-stripe,...

Posted by July 1, 2015December 3, 2017
What is Interchange And Interchange Costs
Post

What is Interchange And Interchange Costs

You may have heard the word “interchange” before, but what does it exactly mean and how does it affect your business’s merchant account? What is Interchange? Interchange refers to the costs of each credit card transaction. There are many entities involved whenever you process a credit card transaction. First, there is the acquiring bank. Secondly,...

Posted by March 26, 2015November 27, 2017