An Overview of Credit Card Processing Services
Credit card processing solutions are required by individuals, merchants and small and large businesses alike. Many banks and financial companies provide merchant services using EMV, wireless and dial-up terminals to merchants. The services can be availed by various businesses including credit card merchant services, merchant account services, and other such services. The technology used in…
EMV Benefits: It’s Not Just Security Benefits; it’s Much More than That!
EMV credit cards use an electronic chip that is built inside them. EMV provides superior security features for credit card processing and credit card merchant services. EMV uses advanced cryptography and digitally-signed payment data which makes the transactions secure. Advantages of EMV go beyond Better Security Aspects While EMV is mostly known for the advanced…
A Quick Guide to Credit Card Machine Buying
Credit card machines allow businesses to offer their customers with versatile and easy payment options. With multiple payment options, customers can make payments without any hassle. Credit card machines can support both credit and debit card payments. Before purchasing a credit card machine, price details and specifications need to be taken into consideration. Going through…
EMV Technology: Answering Some FAQs
EMV is a standard set of specifications for smart card payments and acceptance devices. The cards consist of built-in microprocessors which enhance the security of merchant credit card processing and other merchant account services. EMV technology enhances security features of retail credit card processing services to a great level. We answer some common queries…
MerchantService.com Ranks Third Best Mobile Processing Firm
(PRWEB) May 02, 2014 topcreditcardprocessors.com Reports MerchantService.com as the Third Best Mobile Processing Firm for the Month of May 2014 The independent authority on credit card processors, topcreditcardprocessors.com, has named MerchantService.com the 3rd best mobile processing service for the month of May 2014. MerchantService.com was chosen based on their impressive performance in an in-depth…
MasterCard Supports Smaller Businesses with Greater Transparency in Payments
PURCHASE, N.Y.–(BUSINESS WIRE)–March 19, 2014– MasterCard (NYSE:MA) today announced a new initiative to help smaller merchants create efficiencies in their operations by accepting electronic payments. The effort combines changes to the company’s U.S. region rules with best practices and insights developed from conversations with smaller merchants.
Doubts Emerge About Small Merchants’ EMV Readiness
Digital Transaction News Feb. 14th, 2014 As Key Chip Deadline Looms, Doubts Emerge About Small Merchants’ Readiness By John Stewart With Visa Inc. and MasterCard Inc. digging in their heels on a key chip card deadline, payments executives are expressing doubts that all U.S. small businesses will be ready. “The short answer is…
WARNING – First Data Phishing Attack
Feb, 12th 2014 First Data has learned of a widespread phishing attack telling recipients that their merchant ID has been locked. Unsolicited email containing errors should always raise a red flag, especially if combined with a call to action, such as calling a toll-free number or clicking on a link. If you receive an…
Visa / MasterCard Class Action Settlement Recovery
A court case was recently settled between a group of merchants, on one hand, and Visa, MasterCard, and issuing banks, on the other hand, about unfair business practices related to interchange fees. If you accepted Visa or MasterCard between January 1, 2004, and November 28, 2012, you are part of a $7 billion dollar settlement….
What You Need to Know About Credit Card Data Breaches
The likelihood of a data breach is greater than you may think, and the consequences can be catastrophic. Fortunately, you can take steps to minimize your risk. The First Data TransArmor® solution makes cardholder data significantly more secure by combining two technologies—encryption and tokenization—for superior protection.
Hacked credit card machine TEXTS your info to criminals
Video A Russian-speaking man casually shows on camera how he can download a punter’s bank-card details and PIN from a hacked card reader. In a video demonstrating a tampered sales terminal, a card is swiped through the handheld device and a PIN entered – just as any customer would in a restaurant or shop. Later,…
The Not So Free – Free Credit Card Machine
In today’s competitive marketplace, merchant account services are a must for any business. 80 percent of all retail customers pay with their credit and debit cards. If your business does not accept credit cards, your customers may go to someone who does; your competitor. The acceptance of major credit cards is a key factor in…
