Any retailer that accepts credit and debit cards as forms of payment must also take industry-approved measures to protect customer information. Typically, this means some form of encryption.
Month: December 2012
Imagine a customer bringing an item that retails for $50 up to a register, then suddenly finding out that they will be charged an additional $2.50 for paying with a credit card.
Earlier this month, United States law enforcement officials announced the conviction and sentencing of a Swedish credit card payment processor for his role in a cyber crime ring that bilked unsuspecting businesses to the tune of $71 million.
For small and midsize businesses (SMBs), credit card processing fees can seriously impact the bottom line. Consequently, many companies have tried to go the cash-only route. The problem with that is, over the years, consumers are increasingly relying on plastic over paper currency.
Data shows card payments are increasing in favor among consumers worldwide, putting the onus on merchants to secure effective payment processing capabilities. However, it's important that, when selecting any new credit card processing software, businesses aim for solutions that offer flexibility and affordability. Finding such a solution can be difficult, particularly given the realities of […]
In the world of payment processing, there are a number of major corporations that carry a lot of clout. The Payment Card Industry Security Standards Council (PCI SSC) – the primary standards body in the sector – is itself comprised of major global payment brands, specifically American Express, Discover, JCB International, MasterCard and Visa. As […]