payment transactions Archives - Payment Processing News
Apple
November 17th, 2015 by Elma Jane

Get your Business Ready for Apple Pay and Let your Customers know you Accept Apple Pay!

Business owners can order Apple Pay Decals for their Stores. Each Packs includes Two Glass Decals and Two Register Decals in different sizes, and a tool for affixing the ads to the appropriate surfaces. Those who need more than five will need to call Apple to place an order.

Apple made the Apple Pay Logo available for download and provided a PDF explaining its guidelines. Apple specifies that the Apple Pay Logo should be placed ahead of similar marks for other payment services like MasterCard and Visa. The guidelines document of the payment mark are available from the Apple Site.

It’s easy!

Click here to download Apple Pay mark to use within email, on your terminal screen, and on your website.

Order Apple Pay decals for your store to put on your storefront window and register.

National Transaction Terminals with EMV/NFC (near field communication) Capability to accept Apple Pay, Android Pay and other NFC payment transactions at your business.                       Give us a call now at 888-996-2273.

 

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

June 9th, 2014 by Elma Jane

Some American banks and financial institutions, like JPMorgan Chase, American Express and Citi, have already issued credit cards with new security technology. Other banks will do so by the end of the year. Often referred to as E.M.V. (short for Europay, MasterCard and Visa) or chip-and-PIN, these new cards use a combination of an embedded microchip and a personal numeric code to authorize payment transactions. Depending on the card issuer, some cards may have the chip but require just the old-fashioned signature instead of a PIN.

Most traditional credit cards in the United States today use a magnetic strip and a customer signature to seal a deal. The information embedded in the stripe can be easily cloned, however, and signatures can be forged. The chips in the newer E.M.V. cards which encode account information when transferring it to the merchant are harder to duplicate. The PIN must be entered for each charge, which helps make the cards more secure for in-person purchases. The cards are not infallible, though, criminals have still found ways to steal PINs and make fraudulent online purchases.

With new types of credit cards come new payment terminals, and many retailers must upgrade their equipment to make it compatible with E.M.V. cards. Instead of a slot to swipe the strip, the new credit card terminals typically need a chip reader. Most merchants will probably have the new equipment in place by October 2015, when new rules about fraud liability kick in. Under these rules, the bank or the merchant could be held accountable for any fraudulent charges if one of them has not upgraded to the new system. The party with the weaker security measures must pay.

Posted in Best Practices for Merchants, Credit card Processing, Credit Card Reader Terminal, Credit Card Security, EMV EuroPay MasterCard Visa, Visa MasterCard American Express Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , ,