With the advancement of payment methods, consumers can shop via more outlets than ever before; making security a huge issue for business owners. The threat of payment processing fraud is at an all time high making it more important than to have confidence in your…
Category: Uncategorized
Can You Afford to Give Your Credit Card Processing to the Lowest Bidder?
Your Credit Card Processing? With 80% of online shoppers using credit cards, you can’t afford NOT to take credit cards. Did you know that merchants offering credit cards as a payment option increase their profitability by estimated 50%? With the inherent advantages involving credit card…
TMF MATCH List or Terminated Merchant File
Some lists you want to be on-like the VIP list. But the TMF is one list you don’t want to be on. We’ll talk about what this means for your business, how to avoid getting on the TMF list and what to do if you…
What Does PCI Really Mean to the Average Business Owner?
What does PCI mean to Merchants ? Merchant Services Providers and merchants have been hearing about PCI Compliance for the past few years. Sometimes there is a lack of understanding about what is needed to become PCI compliant. We come across information online or by word of…
What Distinguishes One Credit Card from Another
Are Credit Card the Same? Not all credit cards are the same. No I don’t mean they are different colors, or have different designs on them. Different card issuers have cards types of cards. So how do people know they are picking the right credit…
What is an ISO and How Does It Affect Merchant Accounts?
What is an ISO ? All applications for a merchant account go through an underwriting process to gauge the level of risk for that particular business and business type. Some of these processors are directly affiliated with the member bank and in some cases owned…
What to Know When Opening a Merchant Account
Most merchants like to think they are savvy when it comes to shopping for a merchant account. I mean how hard can it be, you just look at the rate, find the cheapest one and sign up, right? It is no wonder that many merchants feel…
POS Security/Poodle Warning! Is Your POS System Secure? PCI Compliance is Coming Soon June 2018
POS Security Poodle Warning ! Is Your POS System Secure? PCI Compliance is Coming Soon June 2018 SSL encryption is a standard encryption method used for decades. A vulnerability named POODLE has been detected within SSL and is no longer PCI compliant. POODLE (Padding Oracle…
Understanding Merchant Account Fees and Their Terminology
Over the past couple of weeks I have run into many merchants that feel ripped off by their merchant sales representative with regards to their merchant account fees. Time and time again I hear “I just didn’t know what to ask for.” Like with any…
Are You Getting Taken Advantage of by Credit Card Processors?
I would say that the merchant services industry is competitive, and even cut throat in some cases. Many merchants have been taken advantage of by credit card processors’ ads of low teaser rates and costly equipment. I was working on a very large merchant account…