July 2016 - Payment Processing News

Archives for July, 2016

Mobile

Mobile payment space is growing yet, many small businesses and retailers are choosing to overlook the idea of mobile payment

Posted in Best Practices for Merchants, Credit Card Reader Terminal, Credit Card Security, Mobile Payments, Near Field Communication, Point of Sale Tagged with: , , , , , , , ,

CB

Always ask for the card security codes: CVV2 for Visa CVC2 for MasterCard CID for Discover and American Express. Always

Posted in Best Practices for Merchants, Credit card Processing, Credit Card Security, Merchant Services Account Tagged with: , , , , , , , , , , ,

Business Loan Terms

Here are some of the Common Business Loan Fees: Application Fee – is a fee charged to cover the costs

Posted in Best Practices for Merchants, Financial Services Tagged with: , , , , , , ,

PCI

PCI Compliance applies to every merchant who is accepting credit cards large or small. Refusing or delaying to become PCI

Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: , , , , , , , ,

Monthly

Monthly statement fee is a fixed fee that is charged monthly and is associated with the statement that is sent

Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: , , , , , ,

Card-Present vs Card-Not-Present

Interchange is where transactions are submitted for payment from the Acquirer or Merchant Processor to the Card Issuer or Debit

Posted in Best Practices for Merchants Tagged with: , , , , , , , ,

FB

Facebook announcement of News Feed algorithm shift will affect how businesses use this platform. Content posted by brands and publishers

Posted in Best Practices for Merchants Tagged with: , , , , ,

AML

With the ever growing number of financial crimes occurring within the payments industry, initiatives to identify patterns of possible suspicious

Posted in Best Practices for Merchants Tagged with: , , , , ,