Clover POS and Apple Pay – Advantages
A year after designing the Clover POS System, Clover Network Inc. and its parent company First Data Corporation worked closely with Apple Inc. to prepare for the launch of Apple Pay in October 2014. Conceptually similar to PayPal and Google Wallet, Apple Pay allows certain Apple mobile device users to make payments at retail stores…
Interchange Pass Through vs. Tiered Pricing
Which is better? Interchange Pass Through Pricing or Tiered Pricing? This is one of those mind-boggling questions that have confused merchants who want to introduce credit cards as a mode of payment to their customers. Those who wish to clear the confusion read on to find out what is the difference between the Interchange Pass…
Merchant Services for Non-Profit Organizations
When it comes to the credit card processing industry, interchange fees are usually considered as the cost of doing business. However, for non-profit organizations, this fee takes a bite directly out of earnings. These earnings are the vital source of income to facilitate charitable organizations, companies often see which should seek alternative methods like non-profit…
Credit Card Processing: From Magnetic Stripes to EMV
A large number of problems, issues, and conspiracies revolving around credit card processing led to standardizing all credit card transactions according to a new format, EMV. Named after its introducers, EuroPay, MasterCard, and Visa, the credit card processing technologies around the world will be taken over by EMV latest by October 2015. All merchants, merchant…
Small Business Loans Vs. Merchant Cash Advance
Many small businesses today need a solid amount of capital to expand and it is here that many businesses fail to achieve the desired results because they are unable to come up with the required amount of capital. However, with so many options available for merchant services today, it is not difficult to borrow a…
How To Enroll Visa/MasterCard Settlement Claim
In a recent court case, a group of merchants objected to the processing rates set by Visa and MasterCard, and issuing banks. In the lawsuit, it was claimed that merchant services end up paying a lot more fee for processing Visa and MasterCard payments because of an alleged conspiracy. However, in a 55 page long…
EMV Basics and Terminology
Euro MasterCard Visa (EMV) chip technology defines a global standard for credit card and debit card payments. The EMV technology makes use of embedded microprocessor chips which hold cardholder data and keeps it secure. In comparison to magnetic stripe technology, a cardholder’s data is more secure on a chip-enabled payment card. This is because chip…
Why Choose Cloud Based POS System?
Cloud based point of sale (POS) systems have become increasingly popular with various businesses including retail, restaurants, fast food, etc. The major reason of their popularity is that a cloud based POS system can be accessed from multiple devices and platforms such as smartphones and tablets for both iOS and Android devices. Whether you run…
How Do Chip-based Credit Cards Enhance Your Security?
EMV or chip-based cards provide added security for credit card processing and merchant account services. Modern point-of-sale devices will most likely remain with us for some time, and these devices require more secure credit card processing. Businesses such as those providing merchant services need to offer their customers easy modes of payment. Ideally, merchant account providers…
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…
