Any business that acknowledges Credit Card payments should be compliant with the directions and guidelines set out by the Payment Card Industry or be what is called ‘PCI compliant’. This is not commonly understood but any merchant, despite of the number of transactions, which acknowledges or conveys any cardholder information, either by phone or electronically must be PCI compliant. It’s all about holding customer’s facts and figures safe and not leaving your business revealed to hackers. And with an ever expanding use of cards, be they debit or Credit Cards, this is evolving a very important theme. Read more of this article »
Posted in Uncategorized Tagged with: American Express, credit card processing, Data Security Standard, DSS, MasterCard, Microsoft Windows Server, Payment Card Industry, PCI, Visa MasterCard American Express, Workstation 2000
Lucrative charges to method card transactions are to be capped under a proposal by the European Union’s boss arm aspiring to draw a line under a decade-long assault with fee groups such as Visa Europe and MasterCard.
Under a preliminary European Commission plan, seen by the Financial Times, a ceiling would be introduced for allegations on all buyer debit and borrowing card transactions, scaling back a multibillion-euro revenue stream for EU banks. Read more of this article »
Posted in Uncategorized Tagged with: Borrowing Card Transactions, Card-Transaction Charges, Cross-Border Transaction Fees, Debit-Card Fees, MasterCard, Visa Europe